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

To: Shoibal Datta who wrote (49987)7/31/2001 2:24:47 PM
From: Joseph Beltran  Read Replies (3) | Respond to of 70976
 
Gerard Klauer Mattison: That's a wine making outfit, isn't it? Do they moonlight as analysts?



To: Shoibal Datta who wrote (49987)7/31/2001 7:01:38 PM
From: Cary Salsberg  Read Replies (1) | Respond to of 70976
 
This report "doesn't compute!"

1. "...capital equipment spending to fall 27 pct in 2001 and 17 pct in 2002."

2."...sales for the full year at 7.19 bln usd, down from 7.24 bln, while they anticipate 2002 sales of 7.2 bln usd... "

Yahoo research has consensus revenues 1.3B this Q, 1.4B next and 7.2B for 2001. If spending continues to fall in 2002 and AMAT's fiscal year ends in October 2002, one would think that AMAT would be doing well to continue at the 1.3-1.4 quaterly rate That gives 5.2-5.6B, a far cry from the 7.2B forecast. AMAT forecast breakeven for this quarter. If revenues stay down, I doubt they can make the $0.85 forecast by cutting costs.



To: Shoibal Datta who wrote (49987)7/31/2001 7:50:50 PM
From: advocatedevil  Read Replies (3) | Respond to of 70976
 
FWIW, I listened to the lengthy KLAC year-end CC this afternoon and was less than impressed. While the various earnings related press releases appeared somewhat positive, the bottom-line IMO is that KLAC is expecting to be flat to down 10% next quarter and will not estimate when an up-trend might begin. I'd be very surprised if the market will take this puppy up tomorrow. ("short" sigh of relief)

AdvocateDevil



To: Shoibal Datta who wrote (49987)7/31/2001 8:47:40 PM
From: Jacob Snyder  Read Replies (1) | Respond to of 70976
 
re: we believe the capital equipment industry will not start to pick up until 2003

When that becomes the consensus, it will be time to start buying the semiequips.

Right now, I think the market's consensus is that chip demand, and semiequip bookings, will pick up by the end of 2001.


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