Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 235.24

+4.5%

Nov 19 3:59 PM EST

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To: michael97123 who wrote (51642)	9/6/2001 11:49:06 PM
From: advocatedevil	Read Replies (1) of 70976

All this bullish optimism can't go unopposed! I agree, there are indications of stabilization in the semi sector. The recent news provides relief for some. For the majority however, I suspect the news is not surprising. The question is: What does this mean for stock prices? I believe that probable near-term stabilization followed by positive growth is more than fully priced into most semi stocks. IMO, the recent slide has plenty to do with an increasing realization that next year's earnings estimates have not been reduced enough and current valuations remain too high. I think the focus has shifted from "When will we hit the bottom?" to "What can we expect in terms of future earnings growth?" So, it's my guess that assuming the stabilization/growth scenario continues to play out, it's possible the sector could continue to trade flat to down until valuations come in line. In addition, a change in expectations at this point could easily ignite a significant sell-off. AdvocateDevil

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