Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 259.21

-4.0%

Dec 12 9:30 AM EST

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To: EACarl who wrote (47196)	5/24/2001 8:04:27 AM
From: Proud_Infidel	Read Replies (3) of 70976

Re:historically normal valuation for this point of the cycle. What historical valuation are you referring to? The low PSR of 1 in '96, the low PSR 0f ~2 in 98, or where we currently are? Notice how the trend has been up? History does not repeat; it merely rhymes. Don't say AMAT should trade at X valuation simply because it has done so in the past. BK

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