Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 294.18

-7.7%

12:03 PM EST

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To: Ian@SI who wrote (37811)	10/4/2000 12:06:15 PM
From: Tony Viola	Read Replies (1) of 70976

Ian, WSJ article suggests that Communications chip companies are replacing INTC and MU as Belwethers for the sector... Thanks for pointing that out. IMHO, though, MU should never be considered a bellwether. DRAM is too much of a commodity, and the most cyclic of all of the semis. Although, I guess a bellwether stock could simply be defined as a stock that can lead a sector up or down, which MU might. Naw, it's a marginal bellwether if at all. In 3 months, the WSJ will have heard about the slowdown in telecom spending and then figure out that comm chip companies maybe shouldn't have PEs of 300 to 1. I'm talking about BRCM and PMCS (although wish I'd bought them). I think the WSJ is way behind the times wrt technology. Tony

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