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

To: Gottfried who wrote (39625)	11/14/2000 11:18:00 AM
From: Sam Citron	Read Replies (1) \| Respond to of 70976

"We Think Q4 Will Be Strong, Guidance Good"--Lehman There has been speculation that Applied will provide pessimistic guidance on its 11/15/00 conference call. We think such speculation is premature. So far, no front-end equipment company has announced business weakness for problems other than misexecution or infrastructure issues. For Applied to be the first to do so would be unusual. Applied Materials’ suppliers have seen normal short-term volatility in the company’s ordering pattern, but nothing that suggests a downturn. Many of the company’s largest customers are building advanced pilot production lines. This investment is continuing now, even in the turbulent near-term climate within the electronics industry. We project fiscal 4Q EPS of $0.77 (modestly above consensus, on revenues of $2.95 bill. and orders of $3.55 bill. If the company provides FY ’01 guidance, we think it will call for growth that is consistent with the strong outlook for its competitors. EPS 2000 $2.39E unchanged EPS 2001 $3.50E unchanged Price Target $121 unchanged" Meanwhile, hedgefund manager Garrett Von Waggoner told CNBC this morning that he has been out of AMAT for 5 months but might buy if AMAT were to announce bad news, such as push-outs.