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

To: marc henschke who wrote (26522)	11/19/1998 1:14:00 PM
From: Math Junkie	Read Replies (1) \| Respond to of 70976

<<if AMAT expects gross revenues for fiscal year 1999 to be at least be flat as compared with fiscal year 1998, and given that AMAT netted $1.15 in FY 1998, then why are consensus earnings estimates for FY 1999 being set by analysts at .56>> You know, that's a good point. When I read that Morgan had said "flat", and an "increase in the second half", I couldn't figure out how those two statements could be reconciled, but your observation explains it. FY99 being flat with FY98 implies a pretty hefty improvement from current business levels.