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To: advocatedevil who wrote (3883)	1/10/2003 10:02:32 AM
From: Return to Sender	Read Replies (1) \| Respond to of 13403

OT: AMAT Applied Materials estimates raised at Piper Jaffray; pre-open (15.30 +0.26) Before the open, USB Piper Jaffray raised FY03 ests for AMAT, citing: a significant improvement in orders during the April and subsequent qtrs for NanYa, their belief that MU will more aggressively invest in 300mm, and their expectation that Taiwanese foundries will begin ordering by late spring/early summer; raises FY03 rev/EPS ests to $5.30 bln/$0.21 from $4.81 bln/$0.18 (consensus $5.11 bln/$0.21), and raises price target to $20 from $16. I just found this note at Briefing.com. It might help explain the rise in the stock despite the fact that we saw some disapointing economic numbers this morning. RtS