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

To: Duker who wrote (27798)	1/20/1999 11:29:00 AM
From: Jeffrey D	Read Replies (1) \| Respond to of 70976

Credit Suisse report on AMAT today. I believe the first upward revision is for year 2000, not 1999. Gotta love them saying this is the first of perhaps numerous upward revisions. Also, thay expect orders above 700M for this quarter.. Remember, break even for AMAT is still 600M, I believe. Jeff Applied Materials (AMAT, $54.87, BUY) Target (12 Months): $80+ Order momentum building. Line balancing orders together with continued technology buys will lift Q1's order tally above $700MM. Order momentum is apt to be strong in Q2 as well. Sequential revenue growth likely. Target lower Q1 billings, customers are pulling forward deliveries. Margin pressure will ease post Q2. MIS/Y2K costs will curb margins through Q2. Beyond, look for enhanced operating leverage. EPS have further upside. This may be the first of numerous upward EPS adjustments for AMAT over the next eight quarters. Annual Prev. EPS EPS10/99E $1.90 $1.85 10/99E 0.65 0.55 >>