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

To: w0z who wrote (32437)	9/10/1999 10:49:00 AM
From: SJS	Respond to of 70976

09:57 ET Chip Equipment Stocks : Salomon Smith Barney raises price targets for AMAT, ETEC, KLAC, and LRCX due to improved industry visibility for Dec and good order fill-ins for March quarter; believes that orders will trend steadily up in Dec & Mar quarters; while order increase is already built into Street expectations; expects a multiple expansion as the market expands the discounting horizon; maintains "outperform " on stocks

To: w0z who wrote (32437)	9/10/1999 11:03:00 AM
From: Jeffrey D	Read Replies (1) \| Respond to of 70976

Bill, good luck with COHU. I might buy some after the split. Jeff

To: w0z who wrote (32437)	9/10/1999 11:50:00 AM
From: Gottfried	Read Replies (2) \| Respond to of 70976

Bill, re >There are many other semi equipment stocks that are much better values.< True. Unfortunately - in general - some of those better values remain better values. It took me years to understand that. Regards Gottfried

To: w0z who wrote (32437)	9/11/1999 8:38:00 AM
From: Proud_Infidel	Read Replies (2) \| Respond to of 70976

Bill, AMAT is a great company but it is very richly valued at $80 AMAT is trading at about 27X FY00 eps(their FY00 starts 2 months earlier BTW) so it is really trading where the broad S&P average is, and is expected to grow 22-25% for the next few years. How many top-tier S&Pers can say that? other semi equipment stocks that are much better values. Perhaps. But look at SFAM as case in point. Only 2 years ago this was the pure play on CMP b/c they had a large portion of the market. Now AMAT is near the top in the field and SFAM is struggling to survive! If SFAM were the exception to the rule, I might agree with your assessment, however it is not. We see time and again AMAT gain share where industry experts say they don't have a chance. Same goes for INTC, CSCO, MSFT....... BK