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

To: Duker who wrote (30086)	5/12/1999 10:33:00 AM
From: Tony Viola	Read Replies (1) \| Respond to of 70976

Duker, AMAT coverage initiated by Hambrecht & Quist at Buy. biz.yahoo.com Also, Maria at about 6:25 am PDT said Lehman was upgrading AMAT, a week ahead of their earnings statement. Tony

To: Duker who wrote (30086)	5/12/1999 9:02:00 PM
From: Morebull	Respond to of 70976

Duker I think there is even a bit more room beyond $1.30. If you run some simple numbers, I think you'll agree. I took the numbers from the AMAT site. (Q299)If AMAT meets the $1.03B revenue (Q1 reported sales) and improves gross margins and BLE to the average of Q199 & Q198 (Q199 = 43.2%GM,37.5% BLE and Q198 = 48% GM, 28% BLE), then I believe that the earnings will be 35-36 cents per share. (Q399)Then if AMAT's B/B is 1.4 (as is rumored here on the board), with the same margins & BLE, the result is about 46-48 cents per share. Assuming no efficiency gains on the GM & BLE should be a conservative estimate. (Q499)Then assume similar/flat results for Q499 : 46 - 48 cents per share. FY99 = .11 + .35 + .47 + .47 = $1.4 Morebull