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Politics : Formerly About Applied Materials

AMAT 231.37

+3.3%

2:42 PM EST

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To: willcousa who wrote (39162)	11/6/2000 1:51:19 PM
From: Proud_Infidel	Read Replies (1) of 70976

Re: SSB Their forecasts are one of the most bearish I have seen in projecting chip growth for '01. This should be taken with a grain of salt IMHO. Additionally, they say they are extremely cautious with cos. like AMAT, yet when the semis make their projected capex they are looking beyond next year. Building a fab from grounbreaking to processing is not done overnight. If in fact demand is as weak as many analysts claim it is, I am surprised we have not seen fab delays by the semi cos(other than the ones which have been delayed bc they cannot currently raise money in the weak equity markets). One more thing to add, they come out with this extremely cautious stance after the markets have already discounted bad news by 64%, a near historic retracement for AMAT. I cannot figure these people out; they may prove right over a very short period, but listening to this advice will not do anyone any good with a time horizon greater than 1 week. I thought you were supposed to buy at points of maximum pessimism. Currently, AMAT has a RSI of about 15 in a very weak market. Much pessimism has already been impounded into the price of the stock so IMHO(again) this type of advice(for lack of a better word) is nonsense. We will see in one week. Brian

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