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Politics : Formerly About Applied Materials
AMAT 246.50+1.7%10:55 AM EST

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To: Tito L. Nisperos Jr. who wrote (9258)10/23/1997 4:50:00 PM
From: Jon Klaus  Read Replies (2) of 70976
 
Tito, INTC not meeting expectations

and toning down its growth and earnings forecast certainly affected AMAT, but why so much? INTC has fallen from its high of just over 100 to the low 80's, but AMAT has fallen much more percentage wise; 54 to 37. This with better growth prospects than INTC.

Hong Kong currency problems and market correction? Why should this punish AMAT another 9% today, when the rest of the techs and US market weren't down nearly as much? Something else seems to be going on.

Any ideas?
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