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Politics : Formerly About Applied Materials
AMAT 256.89-1.2%Dec 31 3:59 PM EST

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To: Ian@SI who wrote (31413)7/12/1999 11:30:00 PM
From: A. Edwards  Read Replies (1) of 70976
 
Merrill's insight into the recovery of the semi-equipment industry....

Merrill Lynch & Co.
July 12, 1999

An excerpt from Merrill's weekly update:

Its looks official the industry downturn is over. For the first time in several years AMAT has once again started to cater some internal meetings. Free drinks, cookies and an occasional sandwich had been one of the first casualties of the cost cutting programs that most companies implemented in 1997. But after 3 strong quarters and record sales and orders AMAT has agreed reward its employees with free food.
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