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Politics : Formerly About Applied Materials
AMAT 259.08-4.1%Dec 12 3:59 PM EST

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To: jtechkid who wrote (19874)6/5/1998 3:16:00 PM
From: P.T.Burnem  Read Replies (1) of 70976
 
i think amat bottom around 25-30 . why? from my sources-which are very reliable is that second half of the year the management are very confidant that things will pick up.


I believe that in the last business cycle AMAT bottomed out ~55-60% off its all-time high. This time around things could get considerably worse due to the Asian meltdown. Those who count on a quick Asian recovery will be disappointed.
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