Applied Materials No-Politics Thread (AMAT) Message Board

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

AMAT 322.31

-5.6%

Jan 30 3:59 PM EST

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To: Sarmad Y. Hermiz who wrote (6696)	8/11/2003 9:51:47 PM
From: Bookdon	Read Replies (1) of 25522

You are quite right. The only reason to buy a stock in a company that never intends to distribute any money to its stockholders (this includes a very large number of companies) is the hope of a "greater fool" buying its current "story" at a higher price. Since this is an institutionalized situation by now, it is not an unreasonable thing to do. We holders (yes, I am long on AMAT just now) are assuming that as the semiconductor business improves, AMAT (one of the "pure plays" with little competition) will attract buyers at higher prices.

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