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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Donald Wennerstrom who wrote (12497)	11/12/2003 5:27:18 PM
From: Return to Sender	Read Replies (2) \| Respond to of 95456

From Briefing.com: AMAT Applied Materials raises guidance for Q1 (26.22 +0.78) -- Update -- On call, management indicated that cap ex in FY04 is expected to increase 25% compared to last year. In Q1, orders are expected to continue growing at a rate of 20% sequentially, while revenues are expected to increase 5-7% over Q4. The guidance implies a range of $1.28-1.31 bln, above the current consensus of $1.24 bln. 4:03PM Applied Materials beats by a penny (AMAT) 25.44 +0.54: Reports Q4 (Oct) earnings of $0.06 per share, ex items, $0.01 better than the Reuters Research consensus of $0.05; revenues fell 15.6% year/year to $1.22 bln vs the $1.13 bln consensus. finance.yahoo.com More later Don. Looks like some nice gains for the bulls after hours! RtS

To: Donald Wennerstrom who wrote (12497)	11/12/2003 5:50:49 PM
From: Donald Wennerstrom	Respond to of 95456

Another article out today on AMAT from Schaeffer Research. A few snips follow, but the article has several graphs for a better look. [snips} <<Coincidental to its earnings release after today's market close, Applied Materials (AMAT: sentiment, chart, options) makes today's list. First things first. The Street is looking for the company to report a profit of five cents per share (current range of estimates runs between four and six cents). Revenue estimates range between $1.10 and $1.20 billion with the consensus pegged at $1.0 billion. As of yesterday's close, the shares were hovering around 95 percent of their yearly trading range, with the 52-week intraday high at 25.94. Despite the strength in the shares, AMAT's SOIR stands at 1.05, indicating 105 open put positions for every 100 open call positions. The ratio has a percentile rank of 96 percentile, indicating that it has only been more bearishly configured just four percent of the time (over the past year).>> <<The next chart shows that the stock is once again poised above peak call and put open interest. This time around, overhead call accumalation is very light. In fact the "large" strike accumulations favor the put side. In the November series, the 22 call has 29,462 current open interest and the 25 call has 28,250, but the November 20 put has 20,385 open positions; the 22 put has 25,031 contracts; and the 25 put has 17,263 open contracts. As far as December, the peak call sits at the 25 strike with 13,039 contracts while back-month put sports two heavy put: the 22 put at 25,072 and the 25 put at 17,703 contracts. You gotta like those odds if you are long.>> <<The Street offers up a mediocre view of the shares with 17 "buy" or better ratings, eight "holds" and even one "sell." Despite the fact that there are more than 37 million AMAT shares short, its current average daily trade volume of 30.6 million shares drops the days-to-cover to a mere pittance at 1.22. As such the share will have to rely on their own good (technical, sentiment and fundamental) looks and normal market forces to move higher.>> schaeffersresearch.com