Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 267.30

-1.0%

9:50 AM EST

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To: Berk who wrote (61748)	3/8/2002 12:03:54 PM
From: Jacob Snyder	Read Replies (1) of 70976

OT EMC: I agree, and I'm buying, not selling, here. I bought 2004 LEAPs in EMC, all the way to the bottom last Fall, and again recently. Now have a lot more than I want, and will lighten up on a rally to 15-18. By contrast, I will hold all the NTAP LEAPs I bought, because they have done much better than EMC in the last 2 quarters. NTAP has maintained gross margins around 60%, while EMC has seen gross margins plunge to 30% and 37% (last 2 quarters). EMC is trying to change their business plan (always a risky thing to do, and indicating management has decided that the way they used to do things, isn't working any more). NTAP is just continuing to do what they've successfully done before, as it is still working.

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