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Politics : Formerly About Applied Materials
AMAT 297.52-6.6%Feb 4 3:59 PM EST
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To: Jack Kunkle who wrote (28443)2/19/1999 3:34:00 AM
From: Felix Keung   of 70976
 
Even though I believe that AMAT is on the path to recovery, but
is it worth 66 dollars even with the revised fiscal 1999 estimate of
$1.05. ? Maybe one day Amat will have 3 or 4 dollars of earnings, but
when? 2 or 3 years from now?
This is a pure momentum play at all, this price level is simply not
justified at all.
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