Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 223.95

+1.7%

Nov 21 9:30 AM EST

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To: Sun Tzu who wrote (38321)	10/17/2000 9:14:58 AM
From: michael97123	Read Replies (2) of 70976

I had the pleasure yesterday of watching CNBC for awhile as they repeated their claim that JJ of SSB had correctly called the end of the semi-cycle. Of course yesterday this genius lowered his estimates on intc. Once again with the backing of the cnbc'rs, JJ caused a large cap decline based on the intc call. We saw msft under 50 as well as big declines in intc and amat and others. A dumb analysts plus a band of cnbc'rs only interested in ratings cause billions and billions of dollars to disappear. I can live with the dumb analysts--they have always been around and others will refute him. But the blatant pandering to market changing calls by CNBC without balance should be against the law or subject to litigation when there is blatant misstatement of facts that cause financial hardship. Bloomberg doesnt do that. I dont think CNNFN does that either. Folks lose millions of bucks as those CNBC clowns consistently mistake opinion for fact. I bet not one of them has any economic training at all.

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