Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 328.51

+1.9%

Feb 2 3:59 PM EST

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To: Tito L. Nisperos Jr. who wrote (4619)	5/17/1997 11:17:00 PM
From: Big Bucks	of 70976

Tito, Allen Greenspan used the term "irrational exhuberance". While I'd like nothing better than to see AMAT at $100+ I just don't see it happening. The stock has only breached over $100 once and that was when the semis were king. Even though the backlog is over $1B you must understand that that will stretch out into AMATs' '98 fiscal year which starts in November. Most fabs that place orders now will likely not get their equipment until 1st/2nd qtr '98 due to manufacturing constraints. A likely scenario is that AMAT will be about $80-$85 in the August time frame (3rd qtr ends in late July. With any luck I am wrong and you are right but the summer doldrums will likely settle in during mid-late June until the 4th week of July then the stock will rise on anticipation of 3rd qtr results. Happy investing BB

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