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


To: 16yearcycle who wrote (26688)11/24/1998 5:02:00 PM
From: Gottfried  Respond to of 70976
 
Eugene, Sue Billat is encouraging investors to look forward to 2000...

Citing the semiconductor industry's move to new
DRAM technologies, Billat introduced a fiscal 2000
earnings estimate of $2.26 a share, up from 66 cents
in 1999. She also set a price target of $68 to $72 a
share over the next 12 to 18 months.

"We believe that investors will soon, if they are not
already, see past 1999 and instead factor in expected
performance in 2000 in their assessment of
semiconductor capital equipment companies," Billat
said.


cbs.marketwatch.com

Gottfried



To: 16yearcycle who wrote (26688)11/24/1998 5:33:00 PM
From: blake_paterson  Read Replies (1) | Respond to of 70976
 
Eugene: <<We are now starting to get some sign of hysteria.>>

Please substantiate. The only way that I can come around to your position is to assume that 1999 earnings growth will be zero or negative, rather than the predicted number. The following article argues against earnings collapse:

news.com

It even suggests that w/ flat earnings in 1999, equities won't collapse. FWIW.

BP