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

To: robert b furman who wrote (7472)	10/10/2003 12:50:07 AM
From: BWAC	Read Replies (1) \| Respond to of 25522

<These guys have gotten themselves lean and future orders will amaze most with the levergaed capabilities.> No doubt. It will amaze. One thing these companies have done well is get lean. When KLAC turns $2.50ish in yearly earnings you will see a lot of shock. And a lot of how'd they do that?!? I'm sure somebody will be ready and willing to pay well over $100 (KLAC stock)for that. Just remember to sell it to them! And walk away til next time. KLAC average earnings over the 1998 thru 2002 cycle (5 years) was 75 cents. I figure anything over about 30 times that number is incrementally increasing your risk with each higher numeric multiple. But that doesn't matter, the "greater fool" line to buy at $100 is already forming.

To: robert b furman who wrote (7472)	10/10/2003 8:15:06 AM
From: Proud_Infidel	Read Replies (2) \| Respond to of 25522

7:28AM Applied Materials added to Merrill Lynch's Focus 1 List (AMAT) 20.55: Merrill Lynch adds AMAT to their Focus 1 List, saying the co is well-positioned at the start of the cycle for several reasons: 1) broad product portfolio provides extra leverage to technology and capacity buys, 2) leverage to an accelerating Taiwan, 3) co has used the downturn to reshape itself into a leaner co and should see strong margin leverage as orders increase, 4) firm's analysis shows an increased likelihood for industry growth in excess of 25% in 2004, with the potential for follow-on growth in 2005, and 5) Q4 is on track and orders are on the rise. Target is $27.50. Keep in mind that this is the same firm which said AMZN was a strong buy while at the same time calling it a piece of trash behind closed doors.