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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Henry Eichorszt who wrote (30895)	6/9/1999 12:53:00 AM
From: Gottfried	Read Replies (2) \| Respond to of 70976

Henry and all, CBS Market Watch explains all: NEW YORK (CBS.MW) -- Investors sold hardware issues Tuesday after Donaldson, Lufkin & Jenrette analysts cut their earnings estimates on major personal-computer companies due to concerns that fourth-quarter sales will slump because of Y2K concerns. Also... Meanwhile, chips faired better after Warburg Dillon Read released positive comments on KLA-Tencor, Applied Materials and Novellus. But the projected 12 month target prices are anemic. At least the target period was mentioned. cbs.marketwatch.com Gottfried

To: Henry Eichorszt who wrote (30895)	6/9/1999 6:03:00 AM
From: Justa Werkenstiff	Read Replies (2) \| Respond to of 70976

Henry: Re: "In light of post-close SIA report (noted in chip brief above), bullish coverage proved timely... Expect chip equipment group to extend gains today." Let's not give too much credit to Warburg. After all, AMAT and its peer group are presenting at the Warburg conference going on today and tomorrow as I posted last week. Bullish coverage was timed to their conference and not the SIA report and would have been forthcoming irrespective of the SIA report. That's the way the game is played.