Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 322.32

-5.6%

Jan 30 9:30 AM EST

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To: Tony Viola who wrote (36747)	8/14/2000 1:55:46 PM
From: pat mudge	Read Replies (1) of 70976

I don't know if it was you or Bedekar who turned the stock around, but I'm glad whoever it was. :) August 14, 2000 DLJ's Bedekar Sees Semiconductors In Midcycle Correction By JOHN SHIPMAN Of DOW JONES NEWSWIRES NEW YORK -- Investors have punished semiconductor stocks recently, but Donaldson Lufkin & Jenrette analyst Milind Bedekar said the sector is solid and is undergoing a "midcycle" correction. "The biggest fear that investors always have with this sector is its inherent cyclicality," Bedekar told CNBC Monday. Because the semiconductor sector performed so strongly in late 1999 and the first part of 2000, he said, "expectations got ahead of reality." He said he sees the recent downturn as a "temporary disconnect." Applied Materials Inc. (AMAT) and KLA-Tencor Corp. (KLAC) are two "unquestioned franchises" in the semiconductor group that Bedekar predicted investors "would return to first." - John Shipman, Dow Jones Newswires; 201-938-5171 --------------------------------------------------------------------------------

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