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Politics : Formerly About Applied Materials

AMAT 307.20

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3:59 PM EST

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To: Math Junkie who wrote (47447)	5/30/2001 7:52:52 PM
From: michael97123	Read Replies (2) of 70976

Richard and Thread, Two positive analysts on Dobbs tonite. One was Battapaglia--i missed the other's name. Both thought this nasdaq decline would be shortlived. 2 steps forward, 1 back so to speak. Of course it feels like 1 forward and two back for many of us but we needn't get into that.. Both agreed earnings warnings would continue for another week or two(and for another couple of months as we approach end of quarters). Then refocus on fed cuts and their effect which will lift the market. Return to 3% growth next year. The non-battapaglia guy mentioned chips and optical(both killed over last 4 sessions) as the place to be investing new funds. He claimed analysts too scared to do their real job which is to figure new technology into the equation and define winners and losers. He mentioned Sun and Intel here. I believe battapaglia said new highs for dow and S&P by the end of the year. He didnt mention nasdaq numbers this time but it sounded like the 3000's for both these guys. I AM JUST REPORTING THIS. AS YOU KNOW I DONT HAVE A CLUE. SOME OF YOU NEEDED CHEERING UP SO THIS IS MY CONTRIBUTION. mike

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