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To: Keith A Walker who wrote (46302)	6/14/1999 12:00:00 PM
From: Skeeter Bug	Respond to of 53903

keith, the fact nobody is buying capex equipment isa the reason why amat and other chip equipment stocks recently made all time highs, right? ;-) part of the problem, as i've stated over and over, is that almost everyone believes (including you!) an under capacity situation is around the corner. they, therefore, continue to buy capacity and continue to hold on b/c the end of this nightmare is just around the corner. it is quite similar to putting a carrot ahead of a rabbit by attaching it to his collar. no matter how fast he runs, he will never get it - but will continue to try. a high mu stock price is totally indicative of this just around the corner mentality. they've been thinking this for 2 years and have been dead wrong for two years. they will continue to be wrong until they deceide the end isn't near. that will be reflected by a low mu stock price b/c why would you buy something that isn't going to turn for some time? it was 4q 98. then 4q 99. now it is 4 q 00. will the broken clock be right for once? or is it wrong again ;-)

To: Keith A Walker who wrote (46302)	6/14/1999 12:00:00 PM
From: Skeeter Bug	Respond to of 53903

keith, the fact nobody is buying capex equipment is the reason why amat and other chip equipment stocks recently made all time highs, right? ;-) part of the problem, as i've stated over and over, is that almost everyone believes (including you!) an under capacity situation is around the corner. they, therefore, continue to buy capacity and continue to hold on b/c the end of this nightmare is just around the corner. it is quite similar to putting a carrot ahead of a rabbit by attaching it to his collar. no matter how fast he runs, he will never get it - but will continue to try. a high mu stock price is totally indicative of this just around the corner mentality. they've been thinking this for 2 years and have been dead wrong for two years. they will continue to be wrong until they deceide the end isn't near. that will be reflected by a low mu stock price b/c why would you buy something that isn't going to turn for some time? it was 4q 98. then 4q 99. now it is 4 q 00. will the broken clock be right for once? or is it wrong again ;-)