AMAT, a sleeping giant to awake in late 2001.

0 Comments | M2 Presswire, January, 2001

M2 PRESSWIRE-15 January 2001-TheCoveredCall.com: AMAT, a sleeping giant to awake in late 2001 (C)1994-2001 M2 COMMUNICATIONS LTD RDATE:15012001 Applied Materials (NASDAQ: AMAT) is currently trading well off its high of $115.00 that it hit last spring and the company has guided analysts lower.

Analysts say there's a good chance that chip equipment spending will be flat to slightly lower in 2001. Not good news. So why does AMAT look so good? First of all the sector enjoyed about an 85 percent surge in 2000 to more than $30 billion, and AMAT raked in the lion's share of those sales and despite the gloomy macroeconomic climate, stands to benefit one way or the other through this downturn. Equipment sales will decline. AMAT will give the Street a...