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To: Donald Wennerstrom who wrote (22508)3/29/2005 3:14:57 PM
From: Donald Wennerstrom  Read Replies (1) | Respond to of 95756
 
Applied Materials initiated with "buy"

Tuesday, March 29, 2005 10:23:51 AM ET
Legg Mason

<<NEW YORK, March 29 (newratings.com) - Analyst Patrick Ho of Legg Mason initiates coverage of Applied Materials Inc (AMAT.NAS) with a "buy" rating. The target price is set to $24.

In a research note published this morning, the analyst mentions that the company's business model is likely to continue to strengthen in the near future, under the new management team led by CEO Mike Splinter. The analyst also expects Applied Materials' robust cash position to enable the company to grow through its internal R&D initiatives and acquisitions in the near future. The company's recent product offerings are likely to allow it to gain market share in the near term, Legg Mason adds.>>