Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 261.28

+0.8%

3:59 PM EST

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To: davesd who wrote (13791)	12/22/1997 7:22:00 PM
From: Kirk ©	of 70976

You must remember that one of the big reasons that AMAT went to 10.875 for a p/e of 6 in summer of '96 is that many in the market felt there was a big semi recession comming and that AMAT would be having layoffs inorder to keep earnings positive rather than negative. The market changed and AMAT's p/e went up when people started reordering semiconductors again. This time it seems the uncertainty is discounting future earnings gains and paying a reasonable p/e on past earnings. My $0.02 worth suite101.com Kirk out

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