Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 249.89

+3.1%

Nov 26 3:59 PM EST

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To: davesd who wrote (13775)	12/22/1997 4:30:00 PM
From: ChinuSFO	Read Replies (2) of 70976

Dave, I have had the opportunity to talk to some in the semicon tool industry and they all feel that they are past the bottom. It did indeed hit them quickly and they were not prepared. But now the situation has stabilized, no lay-offs are in the works and there is no hiring in the works either. As for AMAT, the unanimous opinion is that their management is very good and aggressive, they have a good cash reserve and if any company that is well positioned to ride out the temporary unsettling condition due to the Asian crisis, it is AMAT. This opinion is very aptly reflected in the recent reversal upward in the stock price of AMAT. (Remember Friday, NASDAQ down but AMAT up) Regards Chinmoy

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