Applied Materials No-Politics Thread (AMAT) Message Board

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Technology Stocks : Applied Materials No-Politics Thread (AMAT)

AMAT 301.88

-1.0%

3:59 PM EST

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To: Donald Wennerstrom who wrote (6695)	8/11/2003 9:36:33 PM
From: Sarmad Y. Hermiz	Read Replies (3) of 25522

>> I don't know if you have seen this analysis previously, Don, No. I had not. I think it is very useful. Thanks for pointing it out. By the way, I do agree with you that the current earnings do not support the valuations of most tech companies. But I fail to understand where the market is going wrong. It is not just you and I who know that in general 4c/share/quarter cannot justify a stock price in the teens. Why has AMAT's price persisted up there so long ? Is anyone expecting tomorrow's report to be 20c ? I really don't think so. So I think that stock prices, as well as more important societal issues are not determined by their true long-duration merits. Whether AMAT was making 4c or $4 is irrelevant. It has never paid a dividend, and no one expects it to pay a dividend in their lifetime. It is not going to be liquidated, with the proceeds distributed to the shareholders. So obviously, AMAT is not being sold as an investment. It is a currency. A store of value. Yes that NASDAQ page is interesting, and I'm glad to know about it. But if you can find a similar comparative evaluation using psychological methodologies, that would be even more useful. In my opinion, AMAT could have any price from $5 to $50, and it wouldn't surprise me. Sarmad

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