Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 228.68

-2.7%

Nov 11 3:59 PM EST

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To: Jacob Snyder who wrote (22220)	7/28/1998 6:19:00 PM
From: Proud_Infidel	Read Replies (1) of 70976

Jacob, Don't get me wrong. I love INTC. There are few cos in the world in a better position(both product wise and mgt wise) than INTC currently is. Betting on AMD is IMO entirely foolish and a gmable at best. However, I believe INTC currently accounts for only ~5% of all chips sold(talking Volume, not $$). A company that holds 5% of the entire market for IC's, yet is priced at 1X FY98 revs for the entire semiconductor industry! If this were to be applied to AMAT, they'd currently be trading at about $78(using FY98 revs of$27B). I am not arguing it should be trading there at the moment. However, IMO AMAT does not get the respect it deserves largley b/c of the cyclicality of the industry. Hopefully fund managers will want to own this stock once the upturn begins. BK

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