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Politics : Formerly About Applied Materials

AMAT 237.10

+2.7%

12:16 PM EST

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To: Paul V. who wrote (13688)	12/19/1997 8:04:00 PM
From: Big Bucks	Read Replies (3) of 70976

Hello Paul, Well, we hit $30 again today, contrary to some others' opinions previously posted. I expect the stock should lanquish/slightly decline over the course of the next 3-5 weeks, according to the Gottfried's charts and exacerbated by the holiday season. Should be relatively low trading volumes for the next couple of weeks at least. It seems like AMAT will continue to trade between $27-$30, for a while, until around Jan 20th options expiration, after that the stock should rally on earnings expectations to $33-36 till around 12-15th of Feb. I'm still anticipating an order slow down/delays and it seems that 300mm fabs are being delayed, except for pilot line projects, till after the change of the millenium. Large orders for 300mm equipment will likely start occuring in late 1999 to early 2000, as semi chip companies will look at sub 0.15uM devices and equipment in this time frame. After mid Feb the stock will likely decrease back into the high $20's based on uncertainty in the semi sector. IMHO investors should take profits if they make 20-25% over the short term. Just my opinion. Regards, BB

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