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To: yard_man who wrote (255009)8/11/2003 1:01:28 PM
From: ild  Read Replies (2) | Respond to of 436258
 
From SSB research: putting a lipstick on a pig:

<<<Despite the downward revision of 2004 estimates, we are also raising our price target on Applied Materials to $22, reflecting our assessment of a fair valuation based on the company’s growth and profit characteristics to the peak of the next cycle. >>>