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

To: Fred Levine who wrote (4779)	1/6/2003 2:43:11 PM
From: Proud_Infidel	Read Replies (2) \| Respond to of 25522

NVLS and LRCX were also upgraded..... Mon 7:32am Novellus upgraded by Deutsche Securities - Briefing.com Mon 7:32am LRCX Lam Research upgraded by Deutsche Securities - Briefing.com Mon 7:32am AMAT Applied Materials upgraded by Deutsche Securities - Briefing.com

To: Fred Levine who wrote (4779)	1/6/2003 3:42:40 PM
From: Jeffrey D	Respond to of 25522

Deutsche Bank Ups Applied Materials to 'Buy' Analyst Timothy Arcuri upgraded the chip-equipment sector based on prospects for order growth in the first quarter of 2003 • More Headlines Deutsche Bank upgraded Applied Materials (AMAT ) to buy from hold. Analyst Timothy Arcuri upgraded the entire chip-equipment sector to buy. Arcuri says he sees first quarter 2003 equipment order growth of 15%-20% sequentially, vs. the flat to 10% consensus. He also upgraded Lattice Semiconductor and Novellus to buy from hold. Arcuri notes increased orders in the first quarter from Intel, Samsung, IBM, and others. He says these three companies are not cheap, but says the risk/reward balance is attractive. He notes the following industry risks: Weak DRAM orders, a conservative guidance from chip makers, and weakness due to seasonality in the first quarter. Arcuri raises his 28 cents calendar 2003 earnings per share estimate on Applied Materials to 35 cents, and upped the 59 cents calendar 2004 estimate to 60 cents. He raises the $5.4 billion calendar 2003 revenue estimate to $5.8 billion, and eased the $7.1 billion calendar 2004 estimate to $7.05 billion.