Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 256.51

-1.8%

1:23 PM EST

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To: Big Bucks who wrote (14014)	1/1/1998 12:49:00 AM
From: Gottfried	Read Replies (1) of 70976

BB, I'll look at Kevin's charts and reply after. First this... briefing.com mildly bullish on semi equipment makers: briefing.com The market did it again, finishing last year with a gain of at least 20%... The strong rally in the technology sector was partly responsible... However, the outlook for 1998 isn't as bright... Techs are expected to start the year with a whimper based on slowing earnings growth and lingering anxiety over the long-term impact of Asia's financial crisis... The sector's deteriorating technical tone also bodes poorly... So while we could see some early-Jan gains (due to favorable seasonals), Briefing expects earnings disappointments to spark renewed weakness by mid-month. Briefing also expects the Internet stocks to suffer through a tough 1998 as more difficult trading conditions in general triggers a material contraction in multiples... The PC makers should also struggle to keep pace with the market... On the flip side, chip equipment, disk-drive and networking stocks are well positioned for a moderate rebound by mid-1998. Gottfried

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