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

To: etchmeister who wrote (14962)	5/13/2005 3:06:49 PM
From: Big Bucks	Respond to of 25522

There are still 67 job openings advertised on the AMAT website, but restructuring at the divisional levels is right in line with my expectations of a general equipment industry slowdown as excess production capacity continues to build. The longer term implications are that this might be a protracted dry spell for capex expansion, as any consumer demand can be easily met with existing under utilized fab capacity meeting any near to intermediate term supply demands. BB

To: etchmeister who wrote (14962)	5/13/2005 3:21:08 PM
From: Proud_Infidel	Respond to of 25522

Applied Materials 2nd-Half Rev May Be 'Largely Flat' 05.13.05, 2:25 PM ET Deutsche Bank reiterated its "buy" rating on Applied Materials (nasdaq: AMAT - news - people ) with a $19 price target. The company will announce fiscal second-quarter earnings on May 17. "We expect Applied to report revenue and earnings per share of $1.79 billion and 17 cents, in line with [revenue] guidance of flat to slightly up, and [earnings of] 16 cents to 17 cents. We expect orders to come in at the high end of the guidance range of flat to down 10%, and believe there could be incremental upside due to memory strength in Japan, strengthening FPD (flat-panel display) orders, and potential relative strength from Taiwan." Looking at 2005 revenue, the research firm noted that Street consensus is off: "When we consider announced calendar year first-quarter and first-half spending by chipmakers, our expectation of a largely flat orders profile through the third quarter, and our capital spending forecast, we believe second-half aggregate Street consensus revenue estimates are too high." The Street's estimates see growth of about 7% versus Deutsche Bank's estimate of "largely flat." The research firm did note that, "Applied could see some comparatively better orders performance in second-half 2005 noting recently announced next generation FPD projects from Taiwan."