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

To: Big Bucks who wrote (14246)	4/13/2005 1:06:02 AM
From: Amy J	Read Replies (1) \| Respond to of 25522

Motley Fool Is Applied Materials a Buy? Tuesday April 12, 12:52 pm ET By Dan Bloom biz.yahoo.com So, with a share price below 17, a cyclically depressed price-to-earnings ratio of about 16, and uncertainty regarding the timing of the upturn, is the stock a good buy now? I believe that this is a good opportunity for several reasons.

To: Big Bucks who wrote (14246)	4/13/2005 2:36:36 AM
From: Cary Salsberg	Read Replies (2) \| Respond to of 25522

RE: "...AMAT will need to be 2x-3x its current size..." I think that AMAT should be able to double last year's revenue at a size about 2x last year. RE: "...I have a hard time visualizing..." Maybe, if you master the concepts of capitalization and number of share outstanding, you will be able to graduate to the concept that 15% annual growth effects a double in about 5 years. You do know that semi industry revenue grows and that the semi-equip industry grows at approximately the same rate. RE: "AMAT at 2-3X its current size isn't sustainable because of industry cycles, IMO." In the past, AMAT grew its revenues despite the industry cycles. All indicators point to a decrease in the cyclical nature of the semi-equip industry. Why is there some size, 2-3 times the current size, that will not be sustainable?

To: Big Bucks who wrote (14246)	4/13/2005 8:18:09 AM
From: Proud_Infidel	Read Replies (1) \| Respond to of 25522

Crude Futures Fall on Energy Report Wednesday April 13, 6:02 am ET By Wee Sui Lee, Associated Press Writer Crude Futures Fall on Energy Watchdog's Bearish Report; Saudis Increase Output in Asia SINGAPORE (AP) -- Crude futures dropped Wednesday after the International Energy Agency forecast slower growth in oil demand this year. Traders are also looking ahead at the midweek U.S. Department of Energy petroleum supply report out later Wednesday, which they expect will show another increase, even with the summer driving season only weeks away. Light, sweet crude for May delivery fell 40 cents to $51.46 a barrel in electronic trading on the New York Mercantile Exchange by midmorning in Europe. Heating oil prices fell more than a cent to $1.4538 a gallon, while unleaded gasoline futures fell more than a cent as well, to $1.5210 a gallon. On the International Petroleum Exchange in London, Brent crude fell 60 cents to $51.38 a barrel. "The IEA report raised doubts about demand expectations. The market was ready to bounce back up and the bulls were confident that demand would be strong," said analyst Phil Flynn at Chicago-based Alaron Trading Corp. on its Web site. "Now they are losing that confidence. The bulls are jumping ship." In its report, the Paris-based IEA suggested that rising U.S. interest rates and energy costs would reduce global demand growth for oil this year by 50,000 barrels a day to 1.77 million barrels a day. The global energy watchdog also said slowing Chinese oil demand growth might dampen crude prices further. "Fears of a surge in second-quarter Chinese demand are receding," the IEA said, as it noted that China's oil demand growth was significantly lower in the first two months of the year. Crude futures have been sliding since last week on a build in crude stocks in the United States and comments from the Organization of Petroleum Exporting Countries on a possible production increase next month. In Venezuela, Oil Minister Rafael Ramirez said the cartel's newly proposed production increase of 500,000 barrels daily may not be needed before summer, claiming the market is already well-supplied. Venezuela, like other price hawks, is opposed to raising output over fear it may drive down prices. But the benchmark commodity remains around 37 percent higher than a year ago and reached an all-time intraday high of $58 per barrel last week. Analysts said Saudi Arabia and fellow Middle East producers are keen to boost output now to encourage stock-building in the coming months, creating a buffer for strong demand later this year. Elsewhere, officials from Saudi Aramco, the world's biggest oil company by output, were also reported to have told key Asian buyers Tuesday it was boosting May supplies to full contractual volumes for the first time since December as it increases production.