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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: wiz who wrote (63445)	6/29/1999 2:35:00 PM
From: Knighty Tin	Respond to of 132070

Mark, AMAT is a tough call. Overpriced? Yup! Gonna have another negative quarter? Sure thing, despite the "everything but the kitchen sink" scamola writeoff a few quarters back. However, we have to remember that we are dealing with fanatical, low gray matter bulls on this one. There is very likely to be a sequential uptick in eps on some large one time orders. In a rational world, this temporary and minor improvement in the no-growth story should not carry the stock near all time highs, but in this market, it already has. Then we have some really awful quarters to compare against coming up, one $180 million loss. Again, that shouldn't carry any weight, but it will. So, I am holding off until after these easy comparisons are over and folks can once again start concentrating on a stock at about 40 times eps with no growth in sight. Of course, the analysts are carrying a big number for 2000, but they were also carrying a big number for 1998. <g>