Applied Materials No-Politics Thread (AMAT) Message Board

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

AMAT 261.90

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Dec 26 9:30 AM EST

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To: Return to Sender who wrote (11167)	8/10/2004 7:23:30 PM
From: Cary Salsberg	Read Replies (1) of 25522

RE: "...is it not possible for a company to be successful showing long term growth and still be treated as cyclical in nature by the investment community?" It is easier in 2004 than it was in 1999. In 1999, the history was consistent, year in, year out, sales, earnings, EPS, and share price growth. Nobody bought the cyclical label for the company and its stock. Then came the bubble. It produced a more rapid increase in the measures that had consistently risen to 1999 followed by a decrease in all those measures. That post bubble decrease has enabled the analysts to use the cyclical label and be believed. When everybody uses the same label and acts in unity, the label becomes "true", for a while. I hope it stays "true" until I am able to buy more when some CDs come due at the end of 2004 and beginning of 2005.

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