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

To: Thai Chung who wrote (13841)	12/24/1997 8:30:00 AM
From: gambler2	Respond to of 70976

I have got to tell you that this does indeed look good. However, I believe that it is just going to take time for AMAT's stock to start moving again. Bottom line, people are scared and wooried about ASIA. It also sems like too many people are short term traders. Anytime this stock makes a little move, either more bad news come from SEA or another company misses earnings estimtes and blames it on SEA and here we go again. All those short term guys sell. All we have to do is wait till new year, it doesn't look like we are going to have any Christmas rally, not this year at least. Maybe a new year rally. Funds should start getting involved next year and when they buy, it is normally with the consensous to hold it for a while. The only question I have to people out there, is do you think AMAT is going to pre-announce something bad. If that hapens you might be able to get this at a cheaper price. Hopefuly today in a shortened session and not many people at work there might be a little move. Good luck to all and HAPPY HOLIDAYS!!!!!

To: Thai Chung who wrote (13841)	12/24/1997 8:57:00 AM
From: Proud_Infidel	Read Replies (2) \| Respond to of 70976

"When investors come back to the group, the first stock they'll come back to is Applied," says analyst Milind Bedekar of Prudential Securities in San Francisco, who rates the stock a "buy" with a 12-month price target of $ 41. "We see Applied as a powerhouse equipment company ... viewed as a proxy for growth for the industry," says Mr. Deahna, who rates the stock a "strong buy" with a 12-month price target of $40. Are these guys serious?? They rate the stock a STRONG BUY yet have a price target only $9 away from where it was earlier this week. If indeed they only saw appreciation of $9 on a stock with as much volatility as AMAT, why would they rate it STRONG BUY?? Just doesn't sound right ot me.... In addition, these guys in their offices on Wall Street have a better view of the market than AMAT mgt.?!?! The article says that EPS forecasts were slashed to $1.79, even though mgt maintains is eps forecast of $2.08-$2.15. Let me see, who should we believe..... Reminds me of a quote from W. Buffet something to the effect of: "analysts on WS are no more than manic-depressives in expensive suits." That is not the exact quote; if anyone knows the one I am speaking of, please post. Later in the article: But he contends that fearful investors have meted out too harsh a punishment on Applied's stock price. If indeed too harsh a punishment has been meted out(which I agree with) then what they are saying implicitly is that AMAT should be trading near, if not on top of their 12 mo. price projection. This would imply that AMAT's 12 mo. price projection should be significantly higher than the one they forecast. Do these guys even listen to themselves???? Regards, Brian