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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Gottfried who wrote (31829)	8/11/1999 1:23:00 PM
From: Xpiderman	Read Replies (2) \| Respond to of 70976

Is this SEMI booking what the Needham ANALyst talking about? geocities.com If this is what he is talking about, I am not worry about this minor pause. AMAT is eating NVLS' lunch, even according to this NVLS report: Message 10878251

To: Gottfried who wrote (31829)	8/12/1999 12:11:00 AM
From: A. Edwards	Respond to of 70976

Merrill's rebuttal on Needham's downgrade: Vendor Comments Not Material Merrill Lynch & Co. 11 August, 1999 Mark F. FitzGerald, Vice President Thomas R. Diffely, Industry Analyst Reason for Report: Stock Decline in News Investment Highlights: * Applied Science and Technology (ASTX not rated) commented on their 4Q'99 conference call that the RF power supply product in 1Q'00 would ship at 80% of the previous quarter's shipments, or $7.3 million in revenues versus $9.2 million. We believe that the RF product is largely sold to Applied Materials and used on AMAT's HDP-CVD (estimated $500 million in annual sales) and IPS oxide-etch systems (estimated $100 million in annual sales). * Sales of the RF product to the HDP-CVD group is expected to be higher in the 1Q'00; the decline in RF products sales is attributable to lower sales to the IPS etcher group. We do not think that these trends are material to the Applied Materials overall business because the IPS etcher product is targeting new applications i.e, low k dielectrics. Purchases for new development efforts are historically volatile. * More important to the sustained momentum for Applied Materials and the semi-equipment group is PC unit growth. We are willing to bet on a surge in PC unit demand in the 2nd half of 1999 fueled by Internet Service Providers' strategy of subsidizing PC's.