Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 218.97

-0.6%

9:41 AM EST

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To: Gottfried who wrote (30171)	5/14/1999 6:24:00 PM
From: Sun Tzu	Read Replies (3) of 70976

FYI, this is from a research report that came out today. I don't want to say from who, but I'll just say that it is from one of the big 3 brokerage houses. Our revenue forecast is $975 million and our EPS estimate is $0.25. The First Call consensus EPS estimate is $0.26. The "whisper" numbers on the Street put revenue at $1.05- $1.10 billion and EPS in the $0.30-0.35 range. We believe that Applied is likely to deliver positive revenue and earnings surprises. We estimate F2Q99 bookings were in the $1.35-$1.40 billion range. And we expect Applied to make positive comments about the semiconductor capital-equipment cycle and to increase its 1999 semiconductor capital-spending growth estimate... I agree with everything they said in the full report, except their price target which is too high IMO. I don't see more than 10~20% upside potential and given the volatility in this stock, that does not justify the risks IMO. regards, Sun Tzu

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