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

To: matt dillabough who wrote (16588)	11/17/2005 10:20:34 AM
From: Proud_Infidel	Respond to of 25522

Applied Materials estimates lowered at UBS: UBS said it is lowering 2006 estimates for AMAT to 86 cents from 91 cents to account for stocks option expenses. Maintain Buy rating and $22 target price.

To: matt dillabough who wrote (16588)	11/17/2005 12:21:10 PM
From: Proud_Infidel	Read Replies (1) \| Respond to of 25522

Applied Materials' Bookings Likely To Grow Near Term David Ng, 11.17.05, 11:32 AM ET Piper Jaffray maintained a "market perform" rating and $18 target price on Applied Materials (nasdaq: AMAT - news - people ), citing better-than-expected fourth-quarter results. "Applied Materials reported a very strong quarter, with revenues, margins, earnings per share, and bookings all better than guidance," Piper analyst C. William Lu wrote in a recent report. For the fiscal first quarter, Applied Materials guided for a 7% to 10% sequential increase in bookings. The company forecasts earnings per share between 14 cents and 15 cents, including 2 cents per share of stock-based compensation. This compares to the consensus estimate of 17 cents per share excluding the stock-based compensation. Applied Materials expects revenue between $1.77 billion and $1.80 billion, versus consensus of $1.72 billion. "Applied Materials shares are likely to trade down in the near term," Piper said, "but looking beyond investors' disappointment with the guidance, bookings are likely to grow for at least the next two quarters." The research firm raised the fiscal 2006 and 2007 earnings-per-share estimates on Applied Materials to 65 cents and 80 cents, respectively, from 63 cents and 68 cents.

To: matt dillabough who wrote (16588)	11/17/2005 2:32:38 PM
From: etchmeister	Respond to of 25522

The same pundit touted a couple weeks ago that the cycle had peaked for Varian -

To: matt dillabough who wrote (16588)	11/17/2005 8:10:50 PM
From: etchmeister	Read Replies (1) \| Respond to of 25522

the order guidance will be seen as lukewarm as street expectations had hiked growth guidance beyond what was reasonably predictable. Looks like all of AMAT's peers (including NVLS) closed green while VSEA was down just a little bit - AMAT would need relatively little uptick in Korea assuming the other regions would remain flat New orders of $2.62 billion for the fourth fiscal quarter of 2004 increased 7 percent from $2.46 billion for the third fiscal quarter of 2004, and increased 105 percent from $1.28 billion for the fourth fiscal quarter of 2003. Regional distribution of new orders for the fourth fiscal quarter of 2004 was: Taiwan 25 percent, Japan 20 percent, North America 17 percent, Korea 16 percent, Southeast Asia and China 11 percent, and Europe 11 percent. Backlog at the end of the fourth fiscal quarter of 2004 was $3.37 billion, compared to $2.99 billion at the end of the third fiscal quarter of 2004. New orders of $1.69 billion for the fourth fiscal quarter of 2005 increased 15 percent from $1.47 billion for the third fiscal quarter of 2005, and decreased 35 percent from $2.62 billion for the fourth fiscal quarter of 2004. Regional distribution of new orders for the fourth fiscal quarter of 2005 was: Taiwan 31 percent, North America 23 percent, Japan 17 percent, Europe 14 percent, Korea 8 percent, and Southeast Asia and China 7 percent. Backlog at the end of the fourth fiscal quarter of 2005 was $2.57 billion, compared to $2.61 billion at the end of the third fiscal quarter of 2005 "It has long been the firm's view that we would not see a huge uptick from foundries until a bit later, maybe not even until Q1 2006." Though not conclusive it appears that TW region is actually doing OK; what really caught my eye is the low level in Korea but we know expansion plans are pending. TW 655(25) 523 (31) US 524(17) 389 (23) J 445(20) 287 (17) K 419(16) 135 (8) RoW 288(11) 118 (7) E 288(11) 236 (14)