Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 252.34

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12:59 PM EST

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To: Jacob Snyder who wrote (24704)	9/29/1998 8:12:00 AM
From: akidron	Read Replies (1) of 70976

very rosey mr, snyder... except that LTC should have been allowed to default if we were to apply the same standards to it as we do to IMF loans, and the point is that it's exposure reached 1.2 trillion before anybody noticed.... 1.2 trillion, so much for our much heralded controls.... I would go further... most american's are right now used to spectulative returns on capital employed, and have powered the market to ever increasing and unrealistic hieghts while we have impoverished the world (which is our future market).... it can only end badly. Of course we will recover.... but in Gilette you have in fact highlighted the danger we face... a consumer product co that was selling at 40 times earnings until people realized that a three blade razor that can't do a decent job of a stiff upper lip was not a csco.

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