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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Dalin who wrote (27919)	1/2/2001 2:22:45 PM
From: horsegirl48	Read Replies (1) \| Respond to of 65232

Yeah buy them and they will go down tommorow. Whats the sense? HG48

To: Dalin who wrote (27919)	1/2/2001 2:34:24 PM
From: jcky	Read Replies (1) \| Respond to of 65232

Dalin, NEW YORK, Jan 2 (Reuters) - ABN Amro on Tuesday reiterated its "add" rating on shares of semiconductor equipment maker Applied Materials Inc. <AMAT.O>. Analyst Nikolay Tishchenko also maintained a 12-month price target of $50 on the stock, based on a 2001 earnings per share forecast of $2.15. The recent flood of preannouncements of order pushouts and shipment deferrals in the first quarter 2001 is likely to keep the stock in the trading range of $30 to $50 until the release of fourth quarter 2000 results by other equipment vendors, or Applied Materials' confirmation of a weaker-than-expected outlook for first quarter, Tishchenko said in a research note. "We anticipate an upside reversal of the semi equipment market by third quarter of 2001," he said. Shares of Applied Materials closed at $38-3/16 in Nasdaq trading on Friday. The stock's 52-week range is between $34-1/8 and $115. 07:27 01-02-01 ------------------------------------------------------------ Personally, I believe it's still too early to call a bottom in the semiconductor cycle. Worldwide sales of PCs are decelerating and the world economy is slowing. Have you noticed the 12 month price target? $50, that's a 25% appreciation potential from AMAT's current price of $40. Be careful with your high fliers like NTAP, SEBL, BRCD, etc. I believe I've already warned you against jumping into these stocks too early. They're good companies but just trading ahead of their fundamentals. Regards,