Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 322.51

+6.1%

Feb 6 9:30 AM EST

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To: Proud_Infidel who wrote (8706)	10/16/1997 7:17:00 PM
From: John E. Rylander	of 70976

More along these lines, Brian, here are a couple excerpts from a just-posted article in the WSJ Interactive Edition (http://www.wsj.com): Dow Jones News Service NEW YORK -- Coming two days after Intel Corp. (INTC) reported disappointing third-quarter earnings and guided expectations for the fourth quarter lower, a grim outlook from LSI Logic Corp. (LSI) knocked technology stocks down Thursday. The one-two punch was all the more damaging since Compaq Computer Corp. (CPQ) failed to blow away earnings estimates with its third-quarter numbers as many had hoped it would. ... Herwick noted that while the entire technology group fell Thursday, semiconductor and semiconductor equipment stocks were particularly hard hit partly because many growth mutual funds invested heavily in the sector during the third quarter and are now motivated to take profits as the end of the year approaches. SoundView's Townsend maintained that Thursday's selloff in the technology sector was based more on "emotional concerns" than on fundamental problems in the industry since PC demand remains strong and is accelerating going into the end of the year. Moreover, Herwick of Herwick Capital Management pointed out that the third quarter is a seasonally slow period and that the earnings may simply be reflecting this. "People are being surprised by what is just normal," he said. Herwick also said that the group's losses Thursday may be due to a "negative overreaction" since the first part of earnings periods tend to be dominated by disappointing results, while the good news starts to come out in the third and fourth weeks of the quarter. ....

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