Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 267.87

-0.6%

Dec 5 9:30 AM EST

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To: advocatedevil who wrote (47409)	5/30/2001 11:28:21 AM
From: Math Junkie	Read Replies (4) of 70976

"Novellus Chairman Rick Hill said on April 23 that orders would rise in the current quarter to US$220 million from US$210 million in the first quarter. Bookings will total US$1 billion for the fiscal year, he said, signaling a pickup in the second half." It seems odd that at the same time he was making that forecast, Hill and his fellow executives were net sellers of 50 million dollars worth of stock in the 30 day period ended May 2, according to Yahoo. I doubt that he would issue a forecast that he did not himself believe, so I would have to assume that valuation concerns had something to do with it. biz.yahoo.com Just so people will not think I am unremittingly bearish, I just heard Joe Kernen on CNBC talking about people fearing an "L-shaped bottom, with no recovery" in the technology sector. What a preposterous notion! There WILL be a recovery - the only question is when. Maybe we could have a "U" with a broad bottom, but it most definitely will not be an "L." (IMHO, of course.) P.S. I bought some AMAT at 51.50 yesterday. That's why it's going down today. <G>

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