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: StanX Long who wrote (61928)	3/12/2002 11:55:50 AM
From: Sam Citron	Read Replies (2) of 70976

Stan, The good news is that LU found support at $5 for the third time since last June. The bad news is that the return to profitability is proving to be elusive mainly due to continuing weakness in the networking sector. LU revised revenue guidance to "a modest to 10% increase in its second-quarter revenue from the first quarter, rather than the 10% to 15%" biz.yahoo.com AD and Cary tried to warn me that last week's buoyant telecom action on Wall St. did not necessarily indicate a turn for the sector. At least as far as networking is concerned, AD and Cary have proved to be right, as confirmed by today's announcements by LU and NOK. I'll hold on for now to this stock (LU) that is priced like an option and see how the restructuring plan and recovery continue to unfold. Sam

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