Applied Materials No-Politics Thread (AMAT) Message Board

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

AMAT 220.28

-6.4%

Nov 20 3:59 PM EST

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To: Berk who wrote (8270)	12/13/2003 5:24:43 AM
From: robert b furman	Read Replies (1) of 25522

Hi Dick, Hope all is well. Going off memory here - In 98 Intel bottomed in June.Amat bottom the first week of October.Cohu went thru a final shakeout and hit a fresh low 2 weeks later (12 intraday) on 10/16/98. We may well be in just such an exciting time right now.Cohu dipped on Wednesday and momentarily violated it 200 moving average, I'm hoping for a second and final dip next week. From the many posts referenced on this thread it appears a broadbased,global resumption in chip demand has restored normal margins and product shortages in select segments. Soon all SCE's will confirm expanding backlogs.Historically prices will have already popped up by then. I've rebalanced my holdings slightly and added to my Cohu holding.I believe it is a great value that has lagged.Management's writeoffs have been (as usual) extremely conservative and they are now poised for surprising profitability into 04/05. JMHO Bob

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