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

To: Jeffrey D who wrote (28333)	2/17/1999 3:22:00 AM
From: Felix Keung	Read Replies (2) \| Respond to of 70976

The analysts who are bullish on AMAT must be on drugs. The fiscal 1999 earnings estimate even with the revised estimate is about $1.00. With the stock trading at $68(a forward PE of 68), they still think the stock is a buy. The historical median PE for AMAT is 16. I find it difficult to accept this stock is still a buy given the current stock price. The only reason I can accept is those analysts live on the Fantasy Island.