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

To: Guy Gordon who wrote (33737)	1/13/2000 11:23:00 AM
From: Teresa Lo	Read Replies (2) \| Respond to of 70976

AMAT - Some Thoughts on the Chart and Technicals AMAT looking problematic on the daily chart, after a minor new high failed to produce follow throught. If it is still in an uptrend, the buyers must show up here at the 20-day EMA at the $120 level. Otherwise, $111 is the target to the downside. intelligentspeculator.com

To: Guy Gordon who wrote (33737)	1/13/2000 11:24:00 AM
From: Proud_Infidel	Read Replies (1) \| Respond to of 70976

Applied sees some EPS dilution from Etec in FY2000 SAN FRANCISCO, Jan 13 (Reuters) - Applied Materials Inc. (NasdaqNM:AMAT - news) said that its sees 1 to 2 percent dilution to earnings for its fiscal year ending in October 2000 from its proposed $1.8 billion stock acquisition of Etec Systems Inc. (NasdaqNM:ETEC - news). Joe Bronson, chief financial officer of the world's largest supplier of computer chip making equipment, told analysts on a conference call that the deal will be accretive to earnings beginning in fiscal year 2001, which begins in November 2000. ''We expect 1 to 2 percent dilution in fiscal 2000, but we expect it to be accretive thereafter,'' Bronson told analysts. The executive also said Applied will take an unspecified one-time charge to cover merger-related expenses in the quarter in which the deal closes. He said the merger could be completed by April, pending regulatory and shareholder approvals. Bronson also said there is no goodwill to be created by the transaction that would otherwise have to be written off. ''We are hopeful for quick approval since Applied is not in the mask-making business,'' Joe Sweeney, the company's vice president of legal affairs, said during the conference call. Etec Systems has about a 70 percent share of the $300 million market for photomask-making equipment, which is used to print circuit patterns onto silicon wafers. The market is expected to grow to about $700 million in 2002, according to market research firm VLSI Research Inc. of San Jose, Calif.. Officials of Santa Clara, Calif.-based Applied said Etec of nearby Hayward will become a product business group of the larger company and will continue to be headed by Steve Cooper, Etec's current chairman, president and chief executive.

To: Guy Gordon who wrote (33737)	1/13/2000 11:45:00 AM
From: Road Walker	Read Replies (1) \| Respond to of 70976

Guy, re: chip market & AMAT I see huge growth in the chip market. I haven't yet decided where I'm going to put the cash from my AMAT sale this morning. Look, I think Applied Materials is a great company. But they just spent 1770 times earnings for a company that went from $288 million DOWN to $237 million in revenues in their last fiscal year, ended July 31st, 1999. How long will it take for growth (assumed) to overcome the share and earnings dilution this deal represents? What happens to Applied's EPS? Maybe I'm way off base. My humble opinion only, good luck with this stock in the future. John