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: Math Junkie who wrote (41005)	12/20/2000 11:58:58 PM
From: t2	of 70976

2.74 billion in bookings is an eight per cent drop from the previous month, much worse than September's blip. It's also hard to see how bookings could reaccelerate (from record levels) in the face of a weakening economy. I would also add that these numbers are not good but that still depends upon the company we are looking at. PE, Cash and debt levels, markets they serve could determine the direction for the semis. I would also look at the DRAM spot pricing as one of the key indicators in the current environment. Also watching for any changes in PC shipments from company conference calls (January) and press releases. The communication chip stocks are also to be watched---they have been very bullish on demand for their chips (PMCS, VTSS, AMCC). The semis can turn very quickly given their valuation if any sign of life is seen in the economy. I am looking for any positive news on this front to load up on semis. Think it is too late to short them.

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