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

To: Lester e. who wrote (34135)	2/10/2000 9:07:00 AM
From: Lone Star	Respond to of 70976

Normally, I'd agree. After the unbelieveable strength of this run-up ( I mean even up yesterday in the face of a very bad day), and post split, AMAT by any historical lookback should recede for a while. BUT... The outlook is so robust, and every updated forecast points to an ever longer upturn, I really doubt it will happen this time. Also, other gorillas i.e. Cisco not going back at all. Finally, the sector is truly understood by the market at last- the backbone of the tech expansion.

To: Lester e. who wrote (34135)	2/10/2000 10:31:00 AM
From: Dr. Mitchell R. White	Read Replies (1) \| Respond to of 70976

Hi All! I'm new to the boards, but have been watching posts "from the outside" with some interest. First, a technical point: The current corporate Articles for AMAT would have to be amended to allow a split bigger than 2 for 1. And a 2-1 would deplete the current stock pool allowed, leaving precious little for options. (Not even successive 3-for-2's would work, apparently.) That may be why we see a delay in splitting compared to previous upturns. Also, this runup is more boisterous than previously, so AMAT management may be letting it ride until trade volumes slow; a signal that the price has outreached a portion of their "audience." For a larger split, the Articles would have to be amended to approve more stock. No such amendment is currently proposed for the next annual meeting (to my knowledge). If they don't hurry, there won't be time to amend this year. Then they'll have to let the price ride, however high it goes. Doc White (an AMAT fan)