Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Katherine Derbyshire who wrote (29410)	4/7/1999 1:25:00 PM
From: Ian@SI	Read Replies (1) \| Respond to of 70976

SSB seems to have a guess of tomorrow... Applied Materials will present their long-awaited Electra copper tool at COPPER Technologies this Thursday, April 8, at the Plaza Hotel in New York. The event will start at 4:30pm EST and last approximately one hour. We believe that this meeting will generate two main takeaways: 1) the importance of process integration in delivering a complete copper solution, and 2) the lack of production worthy tools, or alternatively the lack of an industry infrastructure/body of knowledge that is gating copper adoption. Net-net, we believe that this delay will allow AMAT sufficient time to catch up and expect it to be a 50/50 split with Novellus. At the current valuation, which we believe is devoid of overaggressive copper expectations, this is not really a negative for Novellus's stock. The company had a negligible 6% market share (with the Varian PVD acquisition) in the metal deposition market, and a 50/50 split with Applied Materials will be a significant accomplishment. re: My guess would be that the announcement will take place at Semicon Europa next week. AMAT is conducting lots of analyst meetings this week, so that's probably what is feeding the rumor mill.