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

To: Ian@SI who wrote (32582)	9/23/1999 1:37:00 PM
From: Math Junkie	Respond to of 70976

Re: <<Cu processing, 0.13µ feature sizes and 300mm wafers>> Sure, all those new capabilities are great, but who can say for certain when industry/economic conditions will get to the point where they are all needed in order to meet demand?

To: Ian@SI who wrote (32582)	9/23/1999 3:13:00 PM
From: Proud_Infidel	Respond to of 70976

Ian, I think that even starting at a "double" is being conservative. I agree. Recently Morgan came out with projections of a $53B industry by 2003. If AMAT holds their share of the market(33%) and a PSR of 5, and 53B is reached, we are looking at a price of $228/share(assuming 385M shares) sometime before 2003. BK