Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 301.11

+6.9%

Jan 9 9:30 AM EST

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To: Gottfried who wrote (40496)	12/6/2000 1:57:04 AM
From: brunn	Read Replies (1) of 70976

yahoo has more comprehensive list of earnings upgrades/downgrades at its company profile section at: biz.yahoo.com Notice the multiple downgrades in June and July 1998 a few months prior to the bottom of the previous cycle. Hopefully, history will repeat itself and the October/November downgrades of 2000 are marking this bottom as well. Analyst ratings have definitely been a fairly reliable contrary indicator--probably because they behave as momentum investors which does not work for a cyclical industry.

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