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

To: Gottfried who wrote (14701)	5/1/2005 9:23:43 PM
From: Proud_Infidel	Respond to of 25522

Smith Barney's Tobias Levkovich is looking to the past for clues. In a note dated April 21, he writes that we are near the end of a retrenchment period and close to another rally. "In the past it has always paid for investors to own semiconductor stocks during such rallies, while the majority of upward moves have benefited diversified financials and media names, as well," he writes. He recommends Intel (INTC), Applied Materials (AMAT), Dell (DELL), Goldman Sachs (GS), Merrill Lynch (MER), Morgan Stanley (MWD), Charles Schwab (SCH) and Dow Jones (DJ) (which owns 50% of SmartMoney.com). He also says Comcast (CMCSA), Marriott (MAR) and Cisco Systems (CSCO) appear attractive. yahoo.smartmoney.com

To: Gottfried who wrote (14701)	5/1/2005 11:03:18 PM
From: Paul V.	Respond to of 25522

Gottfried, No! But, I am told that they do a thorough investigation of each corporation. They are normally on the conservative side. However, I have seen VL update and also downgrade as they review a corporation data. The NAIC uses Value Line as the conservative organization for doing their fundamental analysis. Taking out the highest 2 PE's for the last five years (2002 &2003) I get a high average PE of 43.6 and low average PE of 18.8. At a projected 2009 EPS of $1.64 I get a buy range from $10.30-30.7; a hold range from $30.7-51.10; and a sell range from $51.1-71.50. Note this is based on fundamental analysis not technical analysis. We all know the violatility of amat and how it relates to the BTB, orders and billings.

To: Gottfried who wrote (14701)	5/2/2005 8:13:46 AM
From: Proud_Infidel	Respond to of 25522

To: Donald Wennerstrom who wrote (23111) 5/2/2005 7:42:02 AM From: sixty2nds Read Replies (1) \| Respond to of 23113 07:07 First Albany upgrades AMAT, KLAC, NVLS and RTEC to Neutral First Albany upgrades AMAT, KLAC, NVLS and RTEC to Neutral from Underperform. Firm also raises their rating on the semiconductor capital equipment group to Neutral from Underperform, as they believe the group is becoming too cheap to sell. They note that while they don't see a near-term catalyst for the group, they believe at this point, it is too late to reduce exposure to the group and that near-term risk and longer-term reward is more evenly balanced.