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

To: Proud_Infidel who wrote (46839)5/16/2001 12:09:10 PM
From: Proud_Infidel  Read Replies (1) | Respond to of 70976
 
Applied Materials Estimates Cut at Lehman Brothers

5/16/01 2:39 AM
Source:Bloomberg News
Princeton, New Jersey, May 16 (Bloomberg Data) -- Applied Materials Inc. (AMAT US) was maintained ''strong buy'' by analyst Edward C White Jr at Lehman Brothers. The 12-month target price is $75.00 per share. Earnings estimates: Period Previous estimate New estimate per share (USD) FY 2001 1.35 1.10 FY 2002 2.30 2.00



To: Proud_Infidel who wrote (46839)5/17/2001 11:21:26 AM
From: Pink Minion  Read Replies (2) | Respond to of 70976
 
- J.P. Morgan said on Wednesday that it lowered earnings per share estimates on Applied Materials Inc. (NasdaqNM:AMAT - news), a maker of semiconductor equipment, in 2001 to 41 cents from $1.38, citing customer cancellations from weak demand

So AMAT is selling at a PE 137 for 2001 earnings. How come you all aren't griping how high the PE is like you were saying it was so low in the 20's last year?

I know the answer.


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