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Politics : Formerly About Applied Materials
AMAT 339.94+3.3%Feb 11 3:59 PM EST
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To: Proud_Infidel who wrote (22200)7/28/1998 2:16:00 AM
From: Fortinwit  Read Replies (1) of 70976
 
<rumor>
I heard from someone reliable inside AMAT that there's a 10% (1500) layoff in the cards, could be as soon as next week. I've looked at the press/news releases and I've only found references to voluntary reductions, not actual layoffs. On the other hand, if this turns out to be true, it shouldn't surprise anyone given current conditions.
</rumor>

I'm neither long nor short at this point. I'd consider puts if we see some near-term strength

F.
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