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

To: Proud_Infidel who wrote (1580)	7/17/2002 4:44:02 PM
From: Gottfried	Read Replies (2) \| Respond to of 25522

Brian, full text of reply from Applied Materials IR... Applied Materials does not comment on third party rumors. However, we would like to pass along a clarification note from Goldman Sachs. Investor Relations 03:34pm EDT 17-Jul-02 Goldman Sachs (COVELLO NEWYORK) AMAT AMAT.O GS US SEMI EQUIPMENT: CLARIFYING CONFUSION ON AMAT MARKET CHATTER Goldman, Sachs & Co. Investment Research FOR IMPORTANT INFORMATION ABOUT GOLDMAN SACHS' RATING SYSTEM AND OTHER DISCLOSURES, REFER TO THE END OF THIS MATERIAL, GO TO gs.com, OR CONTACT YOUR INVESTMENT REPRESENTATIVE. GS US SEMI EQUIPMENT: CLARIFYING CONFUSION ON AMAT MARKET CHATTER *************************************************************************** * We have received a lot of inquiries from clients today regarding * * commentary from Applied Materials. We clarify a few points below. * *************************************************************************** James Covello (New York) 1 212-902-1918 - Investment Research Amanda Hindlian (New York) 1 212-902-1915 - Investment Research ===================== NOTE 3:13 PM July 17, 2002 ====================== Stk Latest 52 Week Mkt Cap YTD Pr Cur Rtg Close Range (mm) Change Yield --- ------ ------- ------- ------ ----- Applied Materials, Inc. MO 18.40 28-14 30270.1 -8% 0.0% AMAT --------------Earnings Per Share--------------- EPS* (US$) Jan Apr Jul Oct FY CY 2003 FY 0.19 0.22 0.25 0.28 0.94 1.05 2002 FY 0.01A 0.03A 0.06 0.13 0.23 0.40 2001 FY(A) 0.26 0.21 0.08 0.02 0.55 0.31 GSCOPE EPS* (US$) Jan Apr Jul Oct FY CY 2003 FY 0.19 0.22 0.25 0.28 0.94 NA 2002 FY 0.01A 0.03A 0.06 0.13 0.23 NA 2001 FY(A) NA NA NA NA NA NA -Abs P/E on- -Rel P/E on-- EV/NxtFY LT EPS Cur Nxt Cur Nxt EBITDA Growth ----- ----- ----- ----- -------- ------ EPS* FY 80.0X 19.6X 3.7X 1.0X NA NA CY 46.0 17.5 NA NA GSCOPE EPS* FY 80.0 19.6 NA NA CY NA NA --------------------------------------------------------------------------- * may differ from U.S. GAAP =========================================================================== We have received a lot of inquiries from clients today regarding commentary from Applied Materials. We just wanted to shoot out a quick note to set the facts straight. 1) Applied Materials is marketing today in New York City. 2) No representatives from Goldman Sachs Research have been in any of the meetings. 3) We spoke with Applied this afternoon, and the company reiterated their previous stance that visibility is limited and order growth is difficult to project. As we first highlighted in our May 24 downgrade, we believe orders for the semi equipment industry are likely to be flat in the calendar fourth quarter. This is not an Applied Materials specific issue, but we do not believe that Applied is immune from the order patterns either. STOCK(S) MENTIONED IN THIS RESEARCH BY TICKER For each stock, we display the share price and the relevant disclosure code(s). Disclosure code definitions follow. AMAT :US$ 18.40; BC1, MM1, MM2 Codes for Disclosures ---------------------------------------------------------------------------- BC1: The Goldman Sachs Group, Inc. and/or its affiliates have received during the past 12 months compensation for investment banking services from the company, its parent, or its wholly owned or majority-owned subsidiary. MM1: The Goldman Sachs Group, Inc. and/or its affiliates make a market or are the specialist in the company's securities. MM2: As such, the market maker or specialist may have an inventory position, either 'long' or 'short,' in the relevant security and may be on the opposite side of orders executed on the relevant exchange. Analyst coverage and other disclosure information is available at gs.com. First Call Corporation, a Thomson Financial company. All rights reserved. 888.558.2500