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

To: Lone Star who wrote (34653)	3/27/2000 7:43:00 PM
From: Fred Levine	Respond to of 70976

From Michael Murphy's newsletter--- AMAT was his 1st of 5 top picks! ? APPLIED MATERIALS (AMAT) is the dominant supplier of semiconductor equipment?the machines used to make the chips. It carries the broadest product line in the business...with an unmatched reputation for quality workmanship and unmatched customer service. No wonder they sell worldwide to virtually every chip manufacturer around the globe. Semiconductor equipment has been a cyclical industry (although that effect is starting to lessen), so pretax profits?and the stock price?has varied over the years. But the year-over-year trend for both is strongly up. On average, AMAT?s pretax profits run at 20%?after spending 10% of sales on R&D. Overall, this is a great time to own AMAT?after a long downturn triggered by the Asian crisis, the industry is in the early stages of a new, multiyear boom. But don?t just dive in: Semiconductor stocks will still see some short-term volatility. Accumulate a little at a time, stepping up your purchases on my periodic ?buy signals.? Whenever the price temporarily drop fred