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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Math Junkie who wrote (13295)	12/14/1997 10:02:00 PM
From: davesd	Read Replies (1) \| Respond to of 70976

Richard...it not a matter of valuation that I am looking for...it's a turn in the industry that will give the buy signal. Either a significant increase in demand for chips or a significant slowdown in expansion for the next year and a few fab shutdowns will turn the industry around. Having said that, I don't think that AMAT will earn $2 next like Morgan said....I think it will be in the range of about $1.40 and based on a PE of 15...$20 would be a good target. dave