Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 226.05

+1.2%

3:59 PM EST

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To: Ramsey Su who wrote (26117)	11/10/1998 10:31:00 PM
From: Proud_Infidel	Read Replies (1) of 70976

Ramsey, Re:Wherever the herd is heading, I like to stay clear. I agree with you, to a point. However, there have been many herds into DELL, CSCO and even AMAT in the early 90's. Did it make sense to buy even then if your horizon is long? The answer is obvious. As far as the preannouncement is concerned, first the estimates have not been moved down, I believe they've been moved up from last Q, meaning INTC will be leaping a higher hurdle. The time before earnings release date they preannounce is significant because it shows confidence that should an area of the world fall to sh**, they will have ample demand to meet their upwardly revised guidance. Usually cos. preannounce only when they are certain the hurdle will be leapt, usually 2-3 weeks before the actual earnings release. Theya re preannouncing 2 months ahead. The fact that INTC is this confident this far from the earnings release says volumes about the strength of the chip market at the moment. BK

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