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: Tito L. Nisperos Jr. who wrote (4905)	5/27/1997 9:23:00 PM
From: Teri Skogerboe	of 70976

This is John, Teri's husband. It seems to me that the basic or implied assertion by the anonymous analyst was this: AMAT management was talking up the companies earnings prospects in the quarterly conference call while at the same time they were selling the stock with the knowledge that orders were being pushed out. I certainly hope that AMAT management is not this stupid as they will spend a great deal of time in court for the next couple of years with SEC and class action suits. I'm not an expert in law, but it sounds like that would be stock price manipulation and illegal insider trading. Perhaps they could beat it in court. I believe that AMAT management has a good record of being forthright and honest with information and their dealings with share holders. I would say that the odds are in favor of AMAT management. Professional analysts are an interesting lot. I have developed over the years a fundamental distrust of their abilities, but without them it would be much more difficult to make money in the market. Without them, we could never have bought Merck at $30/share or AMAT at $24/share. Without them we could never have sold Iomega at $60. John

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