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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: Justa Werkenstiff who wrote (19352)	5/13/1998 10:26:00 AM
From: Ian@SI	Read Replies (1) of 70976

Justa,, Re: (AMAT has given a bottom range of between the fourth calendar quarter of 1998 and the second calendar quarter of 1999). As a prefix to that statement, Jim Morgan said that he wasn't sure that he'd subscribe to either view. I was left with the impression that he wouldn't be surprised to see an upturn before yearend. This morning on CNBC, he indicated that the worst downturn was in 1986 which lasted 3 quarters. It's difficult to imagine a realistic scenario that would make this downturn worse than that. Ian.

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