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

To: Proud_Infidel who wrote (16828)	12/12/2005 3:15:17 PM
From: The Ox	Read Replies (2) \| Respond to of 25522

Gotta love his precision with his AMAT target of $14.70. Not $14 and not $15, but $14.70. He must have a crystal ball! LOL! I'll cut him and other analysts some slack on their "exact" numbers. They simply plug their estimates into their formula and then parrot the numbers about in the press. For example, if they have a 15 PE (target growth rate) and come up with a $0.98 eps yearly estimate, their target becomes $14.70. As far as I know, that's just how it's done without any clarification of ranges or rates.