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

To: Tony Viola who wrote (28793)	3/3/1999 2:12:00 PM
From: Stefan	Respond to of 70976

When they went down in October the problem was Asia. Now the problem is that PIII is coming. 3COM blames it on S. America. There is always something or someone to blame. What counts is the profit and sales. It does not look like chip business will grow like in '96 but stocks are priced for higher growth than then. Go figure.

To: Tony Viola who wrote (28793)	3/3/1999 2:17:00 PM
From: Gottfried	Respond to of 70976

Tony/all, interesting because of the juxtaposition of AMAT and NVLS valuation... Tuesday March 2, 5:45 pm Eastern Time RESEARCH ALERT - Chip equipment companies raised NEW YORK, March 2 (Reuters) - SoundView Technology Group said Tuesday that analyst Michael O'Brien raised his rating on two semiconductor equipment companies. -- Raised Applied Materials Inc. (Nasdaq:AMAT - news) to strong buy from buy. Reiterated price target of $90 per share. Raised earnings estimates to $1.10 a share from $1.01 for fiscal 1999 and $2.17 from $1.90 for fiscal 2000. -- Raised Novellus Systems Inc. (Nasdaq:NVLS - news) to buy from hold with a price target of $88 per share. Kept fiscal 1999 earnings estimate at $1.66 a share and raised 2000 estimate to $2.95 from $2.67. -- Applied Materials rose 2-1/8 to 59-3/16 and Novellus dipped 1/4 to 59-5/8. biz.yahoo.com So NVLS needs to earn $2.95 vs AMAT only $2.17 to be worth about $90. Gottfried