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)	7/31/1998 11:55:00 PM
From: Zeev Hed	Read Replies (1) of 70976

Carl, just one comment to your well thought out post. When IC growth become negative, that is usually the bottom of the cycle, it rarely become more than -5% maybe on a spike -8%, well we have just reached that level. Sure it could be an L bottom, but this will require a world wide recession, unless the macroeconomics point this way, I can say that this negative growth rate is the silver lining. Having said all that, I am out of AMAT as of today since it reached my target of 34. For broader market reasons, I am stepping aside slowly taking off the table some chips. I think that we will face another Asia induced minimelt in our market within two to three months, and I do not mind leaving some on the table. Zeev

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