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

To: michael97123 who wrote (15314)	5/21/2004 6:11:17 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 95581

First, the current forecast is not "yet" to 2500, but to a max of 2390... Second as far as AMAT is concerned, the $22 level is a minimal expectation, not a target that will not be surpassed. My max target is $29.5, but I am not sure that we will generate enough momentum before the end of the year to get that far, a lot of resistance in the $22 plus area, got to take that out before thinking about taking the year high and adding another 10%.... at $29.5, AMAT will be priced at 25 times expected next year's earning, not a bad price for essentially a cyclical play. Ny most likely "peak" in the next six months is $24.5. Zeev