Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 322.39

+6.0%

1:25 PM EST

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To: jtechkid who wrote (23283)	8/25/1998 8:04:00 PM
From: 16yearcycle	Read Replies (2) of 70976

jtech, My recollection is that in '96, when this type of announcement came through in August, the stock traded as much as 25% lower before heading up. This occurred 4 weeks after the "management pay cuts" announcement. My recall is not perfect however. This isn't 1996. We now know the bounce in business occurred on the back of obscene borrowing. We also now know that management is terrible at projecting business turns. Savvy investors will ignore everything and buy based fundamental business valuations.

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