Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 249.89

+3.1%

Nov 26 3:59 PM EST

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To: brunn who wrote (39993)	11/26/2000 2:53:29 PM
From: Jacob Snyder	Read Replies (3) of 70976

re: I am conflicted between Morgan's discouraging earnings guidance and the increase in orders reported with the last Book to Bill. Me too. On the one hand, the stocks peaked in April, and it's now November, and bookings continue to go up. I can't recall any previous cycle top where the peak in bookings lagged this far behind the peak in stocks. The Street is either anticipating further into the future than ever before........or the Street is wrong. On the other hand, there is Morgan's cautious guidance, and all the warnings on margins and profits from semi companies. Access to credit has been shut off recently for many internet and telecom companies, and vast expansion plans in those sectors are going to get mothballed. This will affect chip demand, and AMAT stock price is ultimately a derivative of chip demand. Bookings for semi-equip cannot continue to increase, if semi companies continue to warn.

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