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

To: Ramsey Su who wrote (22579)	8/6/1998 2:38:00 PM
From: Proud_Infidel	Read Replies (1) \| Respond to of 70976

Ramsey, Re:first it is the beaten down sector, now "attractive on a PEG basis"??? Yes on both counts. I stand by that opinion. These two are not necessarly mutually exclusive. Re:what growth are you talking about? Using FY99 eps of .75 and a peak of $7.00 approximately 5 years out to the peak, we come to an annualized eps increase of 56.3125% annually! The $7.00 is from a recent Lehman report, although I question whether AMAT will actually earn that much at the peak. However, even if they fall short by 2 dollars the % increase from the bottom is enormous and this type of growth is not priced into the stock at these levels. BK