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

To: Proud_Infidel who wrote (34032)	2/3/2000 10:18:00 PM
From: lrrp	Read Replies (2) \| Respond to of 70976

160 is a great target; but does anyone have comments on Cary Salsberg's thesis articulated below; also its noteworthy that Ian Stromberg has recently sold his cymer; steve To: Carlson who wrote (3893) From: Cary Salsberg Friday, Jan 21, 2000 2:46 AM ET Reply # of 3951 "Carlson, At this time in the cycle, there are healthy earnings and margins and both are expected to continue to improve. PE is the appropriate valuation method. In the last cycle, the peak price averaged about 20 times the peak earnings and preceded it by about one year. Prior to the recent splits, I was looking for a peak EPS of ~$8 for AMAT, KLAC, LRCX, and NVLS and I believed $160 discounts the cycle. I have a dollar target for my portfolio before I sell, but the target is less than 10% away. Cary"