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

To: Sonki who wrote (30364)	5/19/1999 12:49:00 PM
From: Jeffrey D	Respond to of 70976

Credit Suisse report. Jeff Applied Materials (AMAT, $63.31, BUY) Target (12 Months): $80+ Big Orders, Sales, Earnings; More To Come Record Orders In Q2 May Be Surpassed In Q3 And Q4 - At $1.39BB, orders grew 35% sequentially, paced by North American and Taiwanese foundry demand. Lesser sequential gains are likely in Q3 and Q4. DRAM below 30% of orders now. Vigorous Revenue Ramp Continues - Q2's $376MM sequential revenue uptick will be followed by a gain of roughly $250MM in Q3. Look for the pace to settle down if orders flatten out in H1:00. Over 20% Operating Margins In H2 - Gross margins could reach 48% (vs. 46.3% in Q2) this quarter. Discretionary spending will not keep pace with top-line growth, suggesting 22%-plus operating margins in both Q3 and Q4. Annual Prev. EPS EPS 10/00E $2.65 $2.35 10/99E 1.60 1.30