Semi-Equips - Buy when BLOOD is running in the streets! Message Board

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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!

LRCX 158.70

+1.0%

Dec 5 9:30 AM EST

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To: Cary Salsberg who wrote (3521)	11/23/1997 9:15:00 AM
From: Sam Citron	of 10921

Cary, RE: AMAT CC What a disappointment! I'm not talking about earnings, but about the vitally important year-end conference call playback. It is scheduled to disappear Monday at midnight but technical difficulties prevent our hearing the cc from beginning to end. I am cut off just after Jerry begins his discussion of 1998 expectations. Missing this discussion and the all-important analyst Q&A is disturbing. 2 calls to Encore customer service have been unsuccessful in resolving the problem. Normally one can get around a time-out problem by fast forwarding, but this is one of the very few cc playbacks that I've encountered that lacks this standard feature. Frustrating! Has anyone called Ms. Schwartz at IR and complained about this problem? I believe that it is standard for most companies to tape record their CCs. Perhaps they should send cassettes on demand or put a transcript up on the website. From the tone of Jerry's voice, he is reading from a prepared text, so it should not be difficult putting it on the net. Furthermore, from a legal perspective all forward looking statements are already covered by the standard safe-harbor disclaimer, so that is no worry either. As for additional work and expense, the only work they need do is to hire a secretary to transcribe the analyst Q&A. This is certainly more cost effective than other alternatives. Would there be a competitive disadvantage? I doubt it. No real secrets are revealed, just good disclosure. Besides, competitors already have access to this information. Putting the transcript up on their website would merely increase pressure on competitors to do likewise, and result in better informed investors, a more level informational playing field between individuals and institutions, better compliance with securities disclosure law, and more efficient capital allocation. AMAT has always seemed to have very good and open disclosure policies. I plan to call IR Monday to make these suggestions and would appreciate any comments or feedback you might have. SC

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