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


To: etchmeister who wrote (24481)8/24/2010 10:35:40 AM
From: Cary Salsberg  Respond to of 25522
 
I listened to the AMAT conference call. Pushouts and cancellations were not mentioned because the reported quarter and the forecast quarter were both strong with no signs of any impact from "macro economic" weakness.

Merril Lynch (ML) raised fiscal (October 31) 2011 and 2012 EPS to $1.48 and $183, respectively. The price target was lowered to $14, since 8 times calendar 2011 computes that number.