Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 222.24

-2.8%

11:49 AM EST

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To: C_Johnson who wrote (22222)	7/28/1998 6:29:00 PM
From: Gary Burton	Read Replies (2) of 70976

Carl--Please don't misunderstand where I'm coming from. At the moment I'm 92% in cash overall, and i own l stock (ADPT) which i just bought since it's off 80% and still has a very good balance sheet. As for the semiequips, my mouth is watering at some of the values in the smaller firms like ASYT BRKS KLIC and ATRM which are all down over 75% from their peaks and which have a lot of cash, net of any debt, to ride things out. Take sleepy BRKS for eg--It's trading at an EPSR of about 0.5 (price less net cash/Sept qtr est annualized sales) and 60% of the stock price is cash. With these types of companies, why wait any longer is what I'm asking myself. But having an elliott wave bent, I hold off since EW tells me one more decline. Then i see AMAT trading and i scratch my head and ask myself if elliott count is wrong!. I'm also waiting for a BIG drop in the overall mkt-long overdue. So, I sit and wait and hope you're right!

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