Formerly About Applied Materials Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Applied Materials

AMAT 235.24

+4.5%

3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: akidron who wrote (21530)	7/10/1998 11:54:00 PM
From: Dale J.	Read Replies (1) of 70976

akidron, I don't have a position in AMAT, but I agree the announcement was a serious setback for those that are long. The most damaging was that they expect new orders in Q3 and Q4 to be significantly below its Q2 level. You can be sure some of this is not a total surprise. Not all company information is dispensed to investors equally. It seems in the investment world of Wall Street some are more equal than others. SEC, of course, prohibits this, but then again SEC is a paper tiger when it comes to enforcement. Most companies leak news like a net leaks water. The severity of the warning however was probably not known by most of the Street and so you will no doubt have many sellers. Some analysts will probably downplay it, but that is only until they reduce their holdings. Then you can expect more downgrades. This announcement will probably take at least a couple of weeks to play out. AMAT is a sound company though and I would consider buying in a few weeks. Probably after they fully disclose the problems on Aug 11 Dale

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next