Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 252.25

+0.9%

Nov 28 9:30 AM EST

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To: Tito L. Nisperos Jr. who wrote (8664)	10/16/1997 4:22:00 PM
From: Lester e.	of 70976

Tito, I am beginning to get a little nervous when I think of what happened after the split in 1995, but then, as a long term holder, I go back to the fundamentals. We should not lose sight of the fact that we are in an infancy industry. New things are going to happen that we can't even dream about. Today's model T is going to be replaced by the Mercedes of the future. even allowing for population increase, todays automobile sales are many times more than the sale of the cars in the Model T days. New and better does not mean fewer sales and profits. If a chip makes up your bed, people will buy it. The third world market is not here yet, but some day they'll be cooking with microwave chips. Don't view 21st century technology with today's feeble efforts. The impact of the computer-ecomomists may debate just how much productivity has increased due to technology. It is obvious that it has revolutionized numerous industries. To find an event comparable to the rise of the PC you must look back to the advent of the automobile early in this century. The world is at peace, economic resources can now be devoted to higher productivity and standards of living rather than on weapons of mass destruction. Forces that tend to lower prices spur demand. Anyone who cannot survive a 25% market decline shouldn't be fully invested in the market. AMAT is spending 481.4 millions in R & D. 11.6% of its revenue. The leader is not going to go away. I just thought we long termers need a little cheerleading at this time. I apologize for taking up the time of the traders. Lester e.

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