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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (1454)	7/10/2002 9:30:35 AM
From: Jerome	Read Replies (1) \| Respond to of 25522

CSCO...AMAT...relationship... If CSCO rallies it will carry AMAT and the other semi's with it. JMO...Jerome

To: Proud_Infidel who wrote (1454)	7/10/2002 11:12:31 AM
From: Gottfried	Respond to of 25522

Brian, the fact that a discredited firm like ML still influences stocks as much as they do speaks volumes. G.

To: Proud_Infidel who wrote (1454)	7/10/2002 11:37:04 AM
From: Alastair McIntosh	Read Replies (1) \| Respond to of 25522

An upgrade of CSCO does not necessarily mean that AMAT should be upgraded. One good reason would be that the chip makers have enough capacity to satisfy demand from CSCO without buying more equipment. If CSCO is recovering and gets a Strong Buy, shouldn't that mean AMAT will recover and should also deserve a Strong Buy, since the equipment CSCO buys is filled of all things, chips! The chip makers were able to fill CSCO's needs when CSCO was selling 25% more equipment than it is now. As I stated before, end demand for chips is the key driver for chipmaking equipment and end demand is stagnant. I don't know the bottom for AMAT but would not be surprised to see single digits.

To: Proud_Infidel who wrote (1454)	7/10/2002 11:37:23 AM
From: Alastair McIntosh	Respond to of 25522

EDIT - double post by SI

To: Proud_Infidel who wrote (1454)	7/10/2002 2:05:35 PM
From: Bob Kim	Read Replies (1) \| Respond to of 25522

Brian, It is a bit silly for Merrill to allow these subtle ratings changes to take place. In September, when Merrill's most recently announced change to its rating system goes into effect, CSCO and AMAT will likely be rated the same: "Buy" since stocks currently rated Strong Buy, Buy, or Neutral will have to be mapped to either Buy or Neutral, but in adding to the ridiculousness, some Neutral-rated stocks will have higher return expectations than some Buy-rated stocks.