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Politics : Formerly About Applied Materials

AMAT 235.24

+4.5%

3:59 PM EST

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To: Jacob Snyder who wrote (39957)	11/25/2000 10:05:08 AM
From: Fred Levine	Read Replies (1) of 70976

Both on topic and OT--- <<The U.S. is a Lawyerocracy, a lot like ancient theocracies. We have a class of shamans who speak a language no one else understands, and who have become the final arbiter of all decisions. The Supreme Court is our Delphi.>> Perhaps you're correct, but please offer a better alternative to law and lawyers to resolve conflicts. The legislature? riots? anarchy? Less importantly, but more germane, I ask myself what the difference in AMAT is between now and when it was above 100? The only answers that I can determine is that techs have been hit because of wild overvaluation of many of the dot-coms, there is both tax-loss selling and mutuals' dumping, and the political mishagoss. AMAT has met or exceeded all-but-the-most optimistic expectations. Their guidance, which has been accurate in the past, continues to be positive. Cerainly the zeitgeist regarding techs have changed and I don't expect rapid return to huge PE's, but AMAT, IM (biased)O, will recover significantly and more uses will drive the engine upward. fred

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