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

To: Donald Wennerstrom who wrote (15360)	5/23/2004 6:58:08 PM
From: Donald Wennerstrom	Read Replies (1) \| Respond to of 95587

Another input on AMAT from CIBC World. << 05/19/04 10:24 am EDT... APPLIED MATERIALS (<AMAT> 19.08) UP 0.23, POSTS $0.22 Q2 EPS ON 82% SALES RISE. CIBC WORLD REITERATES SECTOR OUTPERFORM... Analyst Ali Irani tells MarketScope Q2 results, co.'s execution flawless... Notes Q2 EPS $0.04 ahead of his est. on sustained mkt share gains, accelerating leverage, rising contribution from FPD equipment sales... Believes sales tracking full Q ahead of his model; sequential sales growth outpaced peer group (again)... Ups $0.72 FY 04 (Oct.) EPS est. to $0.83, $1.25 FY 05 to $1.41... Now thinks <AMAT> will get to higher peak rev. of $11.4B next year (CY 05), with op. margin above 35%, a new record... Ups $1.30 CY 05 EPS est. to $1.60... Has $40 tgt, or 25X CY 05 est.>>