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

To: Proud_Infidel who wrote (19363)	5/13/1998 10:50:00 AM
From: Ian@SI	Respond to of 70976

Brian, He hedged a little; I think he said something like, "I believe we may now be the CMP leader". In any case, AMAT is grabbing CMP market share bigtime; they do have the global support and service organization - something that will be very difficult for the small / mid cap companies to compete against successfully, especially when all else is nearly equal from a product perspective. Ian.

To: Proud_Infidel who wrote (19363)	5/13/1998 10:50:00 AM
From: Brad Rogers	Read Replies (2) \| Respond to of 70976

I can see why the stock is trading higher. From H&Q report issued this morning: "On the conference call, managment was very conservative and declined to comment on where they believe order rates would bottom. However, we are seeing indications that industry order rates will pick up in the summer and continue to believe that bookings for the companny will trough in Q3:F1998 (july). Applied guided for bookings of $850 m to $1b for its third quarter." H&Q reiterated "buy" rating: "our 12-month price target is 25 tiems our CY 1999 estimate of $1.80 or $45." comment?

To: Proud_Infidel who wrote (19363)	5/13/1998 11:03:00 AM
From: Ian@SI	Read Replies (2) \| Respond to of 70976

From Briefing on when AMAT sees upturn. Note that AMAT's FY starts in October. Adams Harkness either heard something I didn't re start of upturn or has information from a non public source. Applied Materials Inc. (AMAT) 37 7/8 -1/16: --UPDATE-- Adams Harkness lowers earnings estimates on semiconductor wafer fabrication equipment maker as conditions in Japan continue to deteriorate; latest results were in line, but Q3 guidance is for orders of $850 to $1 bln, revenues of $925-$975 mln and EPS of $0.20 to $0.23 a share; management expects orders to bottom some time between Q1 and Q3 of FY99, as DRAM producers begin new fab construction; management does not expect an upturn in semi capital expenditures until second half of calendar 1999; continues to rate issue "market perform" while lowering FY98 from $1.46 to $1.33 and FY99 from $1.46 to $1.10 a share.....