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

To: blake_paterson who wrote (26574)	11/20/1998 11:05:00 AM
From: Xpiderman	Read Replies (1) \| Respond to of 70976

Per Briefing.com: 10:17 ET Applied Materials (AMAT) 38 15/16 +11/32: Needham & Co upgrades issue from "hold" to "buy," based on "clear indication that bookings have bottomed" as evidenced by latest book-to-bill information and acknowledgment that the company represents 40% or more of all U.S front-end bookings. Needham believes the worst in terms of business is over. Firm raises 6-12 month price target to $45, based on 25 times its FY00 earnings estimate of $1.82. Notes that this estimate could be conservative.