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

To: Anthony Wong who wrote (19165)	5/5/1998 7:18:00 PM
From: Anthony Wong	Respond to of 70976

The Advest report on AMAT and other chip equip. makers: May 05, 1998 10:23 AM DOW JONES ONLINE NEWS APPLIED MATERIALS, OTHER CHIP EQUIPMENT MAKERS GET ADVEST COVERAGE NEW YORK -(Dow Jones)- Advest Inc. Tuesday initiated coverage of four makers of semiconductor equipment. Applied Materials Inc. (AMAT), Novellus Systems Inc. (NVLS) and Applied Science & Technology Inc. (ASTX) all got strong "buy" ratings, while Lam Research Corp. (LRCX) got a "market perform." Advest estimated Applied Materials will earn $1.45 a share in 1998, and set a 12-to-18-month share-price target of $50. The firm estimated Novellus will earn $2.10 a share in 1998, and set a 12-to-18-month share-price target of $70. Advest estimated Applied Science will earn 56 cents a share for the fiscal year ending in June, and set a 12-to-18-month share-price target of $25. Finally, Advest estimated Lam Research will lose 3 cents a share for the fiscal year ending in June, and set a 12-to-18-month share-price target of $35. Copyright (c) 1998 Dow Jones & Company, Inc. All Rights Reserved.