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

To: Paul V. who wrote (28341)	2/17/1999 8:51:00 AM
From: J_K	Read Replies (1) \| Respond to of 70976

Premarket AMAT Bid at 69 1/4 DELL Ask at 75 1/8

To: Paul V. who wrote (28341)	2/17/1999 8:51:00 AM
From: A. Edwards	Read Replies (2) \| Respond to of 70976

Short sellers take cover: Applied Materials Raised to 'Top Pick' at DLJ Feb. 17 (Bloomberg Data) -- Applied Materials Inc. (AMAT US) was raised to ''top pick'' from ''buy'' by analyst Robert Maire at Donaldson Lufkin & Jenrette Securities Corp. The 12-month target price is $90.00 per share. Applied Materials (AMAT): --Update-- DLJ upgrades issue from "buy" to "Top Pick" and sets a new one year price target of $90, citing increasingly positive industry outlook; raises FY99 estimate from $0.80 to $1.22 (P/E 56) and FY00 from $1.67 to $2.10 (P/E 32.5). AMAT indicated 1 1/8 higher.