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

To: Proud_Infidel who wrote (7421)	10/6/2003 9:02:45 AM
From: Proud_Infidel	Read Replies (2) \| Respond to of 25522

As a side note, I believe BA is the most Bearish on AMAT and the sector. FWIW, since I trust all analysts even less than I did 4 years ago, but post this bc it is specific to AMAT and the sector. But I have thought of stopping ALL posts relating to analyst action/commentary. 8:42AM Applied Materials rev estimate trimmed at BofA (AMAT) 19.46: Banc of America trims their Jan qtr rev guidance to $1.19 bln from $1.25 bln, vs consensus of $1.25 bln, to reflect a more modest ramp in revs over the next several qtrs; firm says the improvement in new orders is not translating into an immediate ramp in revs, and notes that some of the large new orders such as Inotera and SMIC have delivery dates that stretch into the middle of 2004; however, firm says ongoing cost cuts will likely provide better leverage, and raises their FY04 EPS est to $0.50 from $0.49 (consensus $0.46). Firm says the stock is expensive, and says 2004 EPS ests must double to support a higher target price (current target is $19).

To: Proud_Infidel who wrote (7421)	10/6/2003 9:27:51 AM
From: Jeffrey D	Respond to of 25522

WASHINGTON, Oct 06, 2003 (AFX-Asia via COMTEX) -- Motorola on Monday said it would spin off its chip-manufacturing business as an independent company, acceding to a longheld wish of many of the company's investors. While it racked up $4.8 billion in sales last year, the semiconductor unit didn't post an operating profit. Wall Street analysts have urged Motorola to sell the underperforming chip business and invest the cash in more lucrative parts of the Schaumburg, Ill.-based company's operations. Motorola's other businesses, including its cellular segment, totaled $22.5 billion in sales last year. The move was announced by outgoing Chief Executive Chris Galvin, who submitted his resignation last month after disagreement with the board of directors about the direction of the company. In the past few years, Motorola has contracted out more portions of its semiconductor business as part of an "asset light" strategy. Galvin said an independent company would be able to acquire new assets that might help the business to grow. Motorola justified the timing of the spinoff by noting that the global semiconductor business appears headed for an upswing. Galvin said he recommended the spin-off to the board in September. The company didn't specify when it would take place. Under a preliminary plan, Motorola would sell a portion of the semiconductor unit to investors in an initial public offering. The remaining shares would be distributed to existing stockholders in a tax-free manner. The company scheduled a Monday morning conference call to detail and further discuss the move. On Friday, Motorola's rose 8 cents to $12.28. The shares have rallied since Galvin announced plans to step down as CEO. This story was supplied by CBSMarketWatch. For further information see www.cbsmarketwatch.com. Copyright 2003. AFX News Ltd. All rights reserved. NewsProvided by COMTEX, comtex.com

To: Proud_Infidel who wrote (7421)	10/6/2003 9:36:20 AM
From: The Ox	Read Replies (1) \| Respond to of 25522

OT After reading the article, 2 things occur to me. 1st is that one should expect mortgage debt to be near all time highs since we have near all time lows in interest rates. This should not be alarming at all and it makes sense that people have taken advantage of the lower rates to either refi or move into larger, nicer homes. 2nd is that one might expect consumer debt to be very high, especially after the tough few years the US economy has had. More people are out of work. These people will be leaning on their credit cards harder then before. I fail to see the connection that the writer(s) of the article make by posting the $10K mermaid suit and then implying that someone would get a home equity loan to buy such a thing. It seems more like scare tactics journalism to justify the negative perspective being displayed in the article.