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Politics : Formerly About Applied Materials
AMAT 294.18-7.7%12:03 PM EST

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To: davesd who wrote (8638)10/16/1997 7:23:00 PM
From: Paul V.   of 70976
 
Dave, Is the AMAT glass half full or have empty appears to be the question? In 1996 the Sept BTB was at its lows since prior to 1991 at 0.70 as compared to 1.07 this year. The average since 1991 is a BTB ratio of 0.95 for September. The highest that the BTB has been since 1997 since 1991 is the 1.07 that was announced today. Therefore, we see that the glass is way beyond the mark that was being stressed by the media today. If I were not fully leveraged todate I would have jumped in to AMAT today. It was a AMAT buyers dream.

IMO

Paul V.
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