Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 230.92

+3.1%

Nov 24 3:59 PM EST

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To: Sam Citron who wrote (44146)	3/21/2001 9:06:13 AM
From: LemurHouse	Read Replies (2) of 70976

Re book value in Japan, a very large part of their problem is that book value there is less indicative of actual economic value than it should be, no? The financials and the big conglomerates are still carrying inflated asset values, inflated real estate values, and bad loans on the books. The fact that the big companies are so intertwined makes it all the more difficult to unravel. Their reluctance to take the bitter medicine of writing these down is a major factor in preventing them from moving forward. They are taking some steps in that direction next month, and even those steps are scaring the bejesus out of people. I would be reluctant to rely on book value when evaluating companies over there. But if anything, their market is selling even lower relative to "book" than it would appear. FWIW. AD

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