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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Donald Wennerstrom who wrote (53886)	9/25/2011 1:15:08 PM
From: Jacob Snyder	2 Recommendations Respond to of 95515

The decline in volume, is because AMAT has been transforming itself. It has gone from: Momentum stock in 1999, to growth stock in 2001, to value stock in 2002, cyclical trading stock 2003-2008, dividend stock today, "widows and orphans stock" by 2012, and finally Buffett will buy it all and take it private in 2014, when the S&P 500 hits a PE of 7.

To: Donald Wennerstrom who wrote (53886)	9/25/2011 1:55:00 PM
From: Donald Wennerstrom	1 Recommendation Read Replies (1) \| Respond to of 95515

09/23/11 02:27 pm ET ... S&P LOWERS OPINION ON MEMC ELECTRONIC MATERIALS SHARES TO STRONG SELL FROM HOLD (WFR 6.09*): Our downgrade reflects our belief that polysilicon supply will exceed demand through mid-'12, as China-based solar makers expand capacity.We also think greater competitive pressures and vertical integration efforts by participants will add downside pressure to prices and margins. Finally, we think demand for semiconductor wafers will likely remain below seasonal trends in the near term.We cut our '11 operating EPS forecast by $0.09 to $0.71 and '12's by $0.19 to $0.72, both well below Capital IQ consensus estimates. We lower our 12-month target price by $1.50 to $5.50. /A. Zino-CFA