Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 259.21

-4.0%

Dec 12 9:30 AM EST

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To: Gottfried who wrote (63454)	5/7/2002 1:34:38 AM
From: Sam Citron	Read Replies (1) of 70976

OT Gottfried, Of course. Not only was Buffet's comment ignored on the opening, but it had no noticeable effect at all throughout the day on companies located in the big US metro areas most likely at risk according to WB. Bloomberg publishes a list of US regional indexes every day. quote.bloomberg.com. Look at the NY, LA, and Chicago indexes and you will see that there was nothing unusual at all in the performance today of companies headquartered in these cities vs companies located elsewhere. Wishful thinking on part of bulls that exogenous forces are at work rather than ugly fundamentals of sluggish demand and overcapacity. Buffett's remarks make snappy headlines, but the decline has been going for quite a while and will continue until prices reflect fundamentals. I still don't see AMAT returning to 9/11 levels because its fundamentals have improved considerably, but for many other companies things are not looking so good right now. Sam

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