Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: sam who wrote (36572)	8/10/2000 3:46:42 PM
From: pat mudge	Read Replies (3) \| Respond to of 70976

I'd love to get a transcript of David Wang's comments. Do you know if the company posts conference call transcripts? Here's a summary of James Morgan's remarks on CNBC this a.m.: August 10, 2000 Applied Materials CEO: Has Potential To Grow To $20B Co. Dow Jones Newswires NEW YORK -- After the company reported record third-quarter earnings and revenue, Chairman and Chief Executive James Morgan says Applied Materials Inc. (AMAT) has the potential to grow to become a $20 billion company. In a CNBC interview Thursday, Morgan said the semiconductor company is "a key to the infrastructure for the Information Age, and that's why we've been a core holding in the New Economy." Morgan predicted that the Internet, which affects one-third of semiconductor sales, will grow to affect 50%, which will benefit Applied Materials. He added that he was unsure of why the company's stock was still down, despite the high numbers and positive drivers for success. Although Applied Materials was up 1 9/16 to 72 1/8 on Wednesday, the shares are well off their 52-week high of 115 set in April. "We see a decade of opportunity ahead of us, so it does puzzle us." The company reported net income of 70 cents a diluted share, beating Wall Street estimates of 68 cents a share. Revenue jumped to $2.73 billion from $1.5 billion.