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: Cary Salsberg who wrote (65219)	8/5/2002 3:40:10 PM
From: dr_elis	Read Replies (1) of 70976

AMAT is now closing in on reaching the state of being "irresistable" at 2 times price/book (according to your suggestions). Is there any specific reason why it should not drop further, even a lot further? Price/earnings is right now at 652, I can´t remember where it was at previous cycle lows. This time the difference appears to be that there is no upcycle coming, just a shrinking (or frozen or japanized) world economy without any substantial drivers for growth at all. Michael

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