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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: orkrious who wrote (46221)	8/13/2003 1:06:28 PM
From: Frederick Langford	Respond to of 57110

From Briefing... 11:44 ET Applied Materials upgrade details (AMAT) 18.89 +0.44: --Update-- CIBC issued positive comments on AMAT this morning on heels of co's Q3 earnings report. Firm believes that better Q3 results & above average bookings momentum provide confirmation of superior fundamentals ahead for the bellwether. Believes that strengthening backdrop continues to add visibility into '04 and above average confidence in technology-driven retooling cycle from which AMAT foremost beneficiary. Believes investors should accumulate stock now for 50% upside to yr-end. Price target goes to $27 from $20. Fred