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Technology Stocks : Semi Equipment Analysis

SOXX 328.78

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Jan 9 4:00 PM EST

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To: TI2, TechInvestorToo who wrote (9650)	4/30/2003 8:35:24 PM
From: Kirk ©	Read Replies (1) of 95703

Morgan has been talking about retirement or a lessor role at AMAT for some time. He turns 65 soon. I seem to recall a local article on him saying he and Becky (his wife and former CA senator who retired in 1998) wanted to spend more time on their charity activities. From the press release, it sounds like he will be there in a mentor and leadership roll for as long as needed. I imagine he owns considerable AMAT stock so it would make sense to make sure there is a good transition. I look at it as similar to the leadership change at IBM and GE that seemed to be well managed transitions.

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