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Politics : Formerly About Applied Materials
AMAT 284.31+5.8%3:59 PM EST
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To: marc henschke who wrote (30607)5/28/1999 10:51:00 AM
From: Bura   of 70976
 
I think that there are a few reasons:

1) Profit-taking "Buy on the rumor, Sell on the news". Stock was up
30% from about 50 prior to the recent fall.
2) DRAM pricing weakness
3) Tech meltdown

I too am surprised but maybe investors don't feel that AMAT mgmt
will warn them ahead of time of a downturn (as they didn't in 1996
and 1998), so they want to take some profits now.

I think that if DRAM stabilizes and this Q goes as expected, then the
stock will rally.
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