Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 262.79

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11:57 AM EST

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To: advocatedevil who wrote (44005)	3/20/2001 10:30:11 AM
From: Kirk ©	Read Replies (3) of 70976

Re Ashok Kumar on Intel "If we do enter into a recession in the second half of 2001, it is likely that Intel will retest the valuation lows of 1998, which would take the stock down to the high teens." He goes on to say he like Intel for the long term. They asked him "why not sell and buy back cheaper?" and he had no answer other than saying he liked it for the long term. I can restate that so we can understand it better. "If pigs had wings, they'd fly." I saw it as a CYA statement that added little. He said what we all know. "IF we get a full blood recession, THEN Intel MIGHT retest its 1998 lows". Lots of IFs and ZERO predictions. Heck, I'll be even bolder: "If nobody buys chips from Intel, then Intel's stock will go down." Did I add much value to Kumar's statement? I think he wants to be "on record" for "predicting" that Intel will test 1998 levels IF that happens and he ALSO wants to be "on record" as long Intel. "Slimy bastards" is a term that comes to my mind when I think about it a bit. Kirk

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