Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 327.01

+2.5%

Jan 16 9:30 AM EST

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To: Terry D who wrote (8594)	10/14/1997 3:46:00 PM
From: Tech Buyer	of 70976

TD - Wow! First time being asked for an opinion by a money manager! I'm really just a part-time investor. I have a day job like most people (software development.) Actually, I don't own or follow LSCC, but I just read the earnings reports and it seems investors are just looking for excuses to take profit right now. Just about all the semi (& tech) stocks are down today (even TXN, which beats expectation.) This sounds like a good excuse in LSCC's case: ''Following a typical industry pattern, we emerged from the summer quarter with a reduced backlog. Therefore, we enter our third fiscal quarter with an increased dependence on 'turns' bookings (orders that generate revenue during the quarter in which they are booked) and a more guarded short-term outlook. Also, looking at the Open Interest on Oct options, it seems LSCC should finish a little below 65 this week. And in the case of AMAT, it could finish a little below 50 this week due to the large number of Calls vs Puts at strike prices 50 and above. Just MHO. Feel free to comment. Disclosures: I wrote Oct 110 Calls last week on AMAT (but wouldn't mind if they are assigned.) TB

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