Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 223.31

-3.2%

Nov 13 3:59 PM EST

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To: Jeffrey D who wrote (36291)	8/5/2000 7:43:47 PM
From: Proud_Infidel	Read Replies (2) of 70976

I just watched Market Week on CNBC. Maria had on two technology fund managers, one from PIMCO and one from the IPS Millenium fund. When Maria asked what they thought of CSCO, they both said they would buy it(surprise, surprise!). When asked what they would do with AMAT, both said avoid! Both AMAT and CSCO should experience similar growth rates over the coming years(some would argue differently) CSCO is trading at 85 times next years high end estimate; AMAT is at 15 times. One of the managers said he sold All of his AMAT over the past few weeks and both said they would wait until the next downturn. They also felt that there was no way AMAT could beat revenue estimates because they were going full throttle. CSCO has experienced this some quarters and yet I never heard an analyst say sell because of it. The argument given by both for the CSCO buy was that networking and wireless was big. Really? LOL. Yet neither of these fellows had the foresight to see that the equipment sector is no longer driven primarily by the PC. Where will the chips that are driving the networking and wireless business will be coming from? The growth rate of the communications sector should mimick the growth rate of the equipment sector more closely as the communications sector grows in prominence in its use of chips. I amazed at the fact that so many people are willing to sell a cheap company to buy an expensive one. These past few weeks have been an eye-opening experience in psychology and the markets. The power of suggestion is very strong it appears, when combined with fear and ignorance. Brian "There is nothing more terrible than ignorance in action." -Johann Wolfgang von Goethe

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