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Politics : Formerly About Applied Materials
AMAT 301.11+6.9%Jan 9 9:30 AM EST

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To: Proud_Infidel who wrote (10462)11/6/1997 2:47:00 PM
From: Math Junkie  Read Replies (1) of 70976
 
<<I have a difficult time believing that AMAT will grow from $3.25 in FY99 to only $4.00 in FY02 THREE YEARS! That is an annualized growth rate in the SINGLE DIGITS!!!!>>

Are you forgetting the cyclicality of the industry? Since 1980, there has been a severe downturn in the growth rate every four to six years. Since the last downturn started in '96, the next downturn could start anywhere from 2000 to 2002, if the historical pattern is repeated.
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