Bear Stearns Selects Applied Materials, Inc. as the E-volve Stock Pick of the Week.Business Editors NEW YORK--(BUSINESS WIRE)--March 27, 2000 Pick Kicks-Off the 9th Week of the 10-week Internet Research This article is about using the Internet for research; for the field of research about the Internet, see Internet studies. Internet research is the practice of using the Internet, especially the World Wide Web, for research. Campaign Calling it the biggest and the best company in its semiconductor equipment universe, Applied Materials Applied Materials, Inc. NASDAQ: AMAT (HKSE: 4336 ) is the global leader in nanomanufacturing technology solutions with a broad portfolio of innovative equipment, service and software products for the fabrication of semiconductor chips, flat panel solar displays, solar (AMAT AMAT Applied Materials (stock symbol) AMAT Average Memory Access Time AMAT Automatic Message Accounting Transmitter AMAT Anti-Materiel (bomb or mine) AMAT Ageing Management Assessment Team ) was named today by Bear Stearns The Bear Stearns Companies, Inc. (NYSE: BSC) is the parent company of Bear, Stearns & Co. Inc., one of the largest global investment banks and securities trading and brokerage firms in the world. as the e-volve stock pick of the week. The selection, based on the company's potential to benefit from the expansion of the Internet, begins the ninth week of a comprehensive marketing plan designed to utilize the findings in e-volve, a 340-page report compiled by the Bear Stearns Equity Research Department. Featuring contributions from 77 analysts, e-volve is designed to provide investors with insight into how the Internet will affect every industry and every aspect of business. Applied Materials, according to Bear Stearns managing director and semiconductor equipment analyst Robert Maire, is in the enviable spot of being both the technology and marketing leader in the semiconductor equipment industry. "Applied Materials possesses the ability to develop technology that will drive the expansion of the Internet," said Maire. "Their size, product breadth, and marketing muscle all add up to an impressive machine in this industry." Maire also notes that AMAT accounts for one of every three dollars spent in the categories in which they compete and it was one of the first to jump out of the industry's recent downturn. "Applied Materials is as dominant, if not more so, in the semiconductor industry as Cisco Systems (CSCO CSCO Cisco Systems Incorporated (stock symbol) CSCO Chief Supply Chain Officer ), Intel (INTC INTC Intel (NASDAQ symbol) INTC Intercept INTC Interrupt Controller ) and Microsoft (MSFT MSFT Microsoft (stock symbol) MSFT Movimento Sociale Fiamma Tricolore (Italy) MSFT Multi-Stage Fitness Test MSFT Master of Science in Family Therapy MSFT Macalester Students for Fair Trade ) are in their respective sectors," commented Maire. In addition to the stock selection of the week, Bear Stearns will hold a virtual conference call this week based on the e-volve report. The call is scheduled for Tuesday, March 28 at 11:00 a.m. and will be hosted by eight Bear Stearns basic industry analysts. The call will be supplemented by a slide presentation on the Bear Stearns Website (www.bearstearns.com). To learn more about the e-volve stock pick of the week, or to participate in the conference call, members of the press may contact Michelle O'Brien at 212-272-6659. Founded in 1923, Bear, Stearns & Co. Inc. is a leading worldwide investment banking and securities trading and brokerage firm, and the major subsidiary of The Bear Stearns Companies Inc. (NYSE NYSE See: New York Stock Exchange :BSC (Binary Synchronous Communications) See bisync. ). With approximately $23.2 billion in total capital, Bear Stearns serves governments, corporations, institutions and individuals worldwide. The company's business includes corporate finance and mergers and acquisitions, institutional equities and fixed income sales, trading and research, private client services, derivatives, foreign exchange and futures sales and trading, asset management and custody services. Through Bear, Stearns Securities Corp., it offers professional and correspondent clearing, including securities lending Securities Lending When a brokerage lends securities owned by its clients to short sellers. Notes: This allows brokers to create additional revenue (commissions) on the short sale transaction. . Headquartered in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , the company has more than 10,200 employees located in domestic offices in Atlanta, Boston, Chicago, Dallas, Los Angeles, San Francisco and San Juan; and an international presence in Beijing, Buenos Aires, Dublin, Hong Kong, London, Lugano, Sao Paulo, Shanghai, Singapore and Tokyo. For additional information about Bear Stearns, please visit our Website at www.bearstearns.com Any recommendation contained in this report may not be suitable for all investors. Moreover, although the information contained herein has been obtained from sources believed to be reliable, its accuracy and completeness cannot be guaranteed. Bear Stearns may make markets and effect transactions, including transactions contrary to any recommendations herein, or have positions in the securities mentioned herein (or options with respect thereto) and may also have performed investment banking services for the issuers of such securities. In addition, employees of Bear Stearns may have positions and effect transactions in the securities or options of the issuers mentioned herein and may serve as directors of such issuers. Copyright (c) 2000. All rights reserved by Bear, Stearns & Co. Inc. |
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