Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 230.77

+0.9%

Nov 12 3:59 PM EST

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To: Jacob Snyder who wrote (22386)	8/2/1998 7:37:00 AM
From: Proud_Infidel	Read Replies (1) of 70976

Jacob, As Big Bucks said:I think that those who are buying AMAT now are speculating that the company will beat its' recently reduced numbers which will be released in about 2 weeks. The rest of the semi-equip stocks have already released their numbers for the quarter and their prices have responded to the weakening sector fundamentals. There is no other compelling reason for the stock to increase at this time of decreasing B2B and production overcapacity. I agree wholly w/ BB that these stocks are not being bought b/c of what fund managers are currently reading about the industry. They are being bought IMO, b/c many are willing to bet that the sector has bottomed and estimates going forward will be proven very low. I don't think this Q will show any signs of strength. However, it should be noted that Morgan came out and said this past Thursday that he feels we are currently at bottom and a DRAM equilibrium will take place. These types of statements are rare for a CEO in an industry currently undergoing a sector recession. Could he have seen some pledges by the Asian semis recently? Many will dismiss Morgan by saying "he missed the downturn." But IMO he must see something, otherwise he simply opens up the company to litigation should his statements not come to fruition. Re:All of us are getting a bit irritable. The bulls are tired of the endless false rallies, and the closet bulls=long term only bulls=bears, are worrying about missing the upturn Loss of capital does strange things to one<GGG> Every so often we need a reminder like this to remember that we aren't on the Yahoo boards. BK

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