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

To: Lester e. who wrote (34960)	4/25/2000 12:42:00 PM
From: Dr. Mitchell R. White	Read Replies (1) \| Respond to of 70976

I agree with your general trend, Lester, but I am not as "bullish" as you on this one. In my opinion, AMAT stock is a good buy now, and may be a bet better one after the summer heat breaks. I think more like 130 at year's end. I don't see AMAT going for another split until well past 200, though. They used to have the notion that $100 a share was a major psychological hurdle, and they would split about there to keep their stock circulating. The last NASDAQ runup has changed a lot of companies' thinking about this effect, and AMAT also now considers themselves to be "premier." (I agree with this, but not everybody does. Yet. <g>) So I think $250-300 is more likely their next "split window," and a split would only occur there if there is still significant volume and upward momentum to AMAT and the market in general. I frankly don't see AMAT having much trouble making $200 next year, though. And since another split would bring my basis to about $6 a share, I say, "Bring it on!" Based on my personal finances model, I only need one more split and a price above $150 to chuck it all and become an innocent bystander.... Mitch