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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: Lone Star who wrote (4668)5/20/1997 4:31:00 PM
From: Joe Donato   of 70976
 
Does anyone here think AMAT is valued too high? Nothing against AMAT, it is a great company, but lets be reasonable the multiple is quite expensive for a company in this industry. Anyone agree? I realize it is not popular to sell while the stock is climbing, but is there anyone wondering when this thing is going to retrace, and wanting to step out for awhile?

Also, related, where is technology going from here? The SOX is at it's all time high, and NASDAQ is getting near it's. Is anyone concerned about whether or not the earnings can support these levels and multiples? All I have heard is the old battle cry, things are kind of slow right now, but they are going to pick up next quarter/year. Does that scare anyone besides me.
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