Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 268.72

+1.3%

Dec 3 3:59 PM EST

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To: davesd who wrote (13912)	12/29/1997 7:04:00 PM
From: Big Bucks	Read Replies (1) of 70976

Dave, The funds have pulled large amounts of cash out of the market in the 4th quarter, they will be re-investing it in sectors/stocks that have been severely hurt by investors/funds withdrawing support. At these prices most of the semi stocks look pretty reasonable, funds will look at earnings potential and individual stocks that are very strong in their sectors and re-invest in them. AMAT is a "can't lose" choice, fabs may be reaching deep into their pockets to make strategic equipment buys or upgrades to existing equipment, they don't have many vendors to choose from to get to 0.25uM and below, so AMAT and other larger vendors with the necessary technology should benefit (even if the earnings will be lower, they are still the strongest companies/stocks and should perform the best). There is something like $1.4B in retirement funds waiting to be reinvested in January, technology is beaten down, but has been among the best returning investments over the last 4-5 years, I think fund managers will make techs in January the place to be. Just my opinion, BB

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