Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 242.41

+5.0%

Nov 25 3:59 PM EST

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To: Big Bucks who wrote (20026)	6/8/1998 11:46:00 PM
From: Ian@SI	Read Replies (3) of 70976

BB, Ouch. "But Rick Whittington, an analyst with the Soundview Financial Group, took a bearish view, saying that Applied Materials's healthy order rate now would only cause excess chip capacity in the years to come. First, I thought that Rick left Soundview more than a year ago; then started his own company. Perhaps my memory is wrong or perhaps he returned to a salaried position. ??? Second, Rick was the first to correctly predict the 95-96 downturn though his pronouncement was soundly jeered by all - professionals and amateurs alike. In 85-86 the home PC market was in its infancy and even Businesses were quite selective in their deployment. ... but there was probably a lot less capacity to burn off than is the case today. I had intended to re-enter AMAT near 25. If Whittington is right again, that might be quite premature. Your take? Ian.

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