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

To: Fred Levine who wrote (35147)	5/10/2000 7:24:00 PM
From: Proud_Infidel	Read Replies (4) \| Respond to of 70976

Fred, I wholly agree. AMAT met or exceeded all expectations that they gave in previous guidance, yet are still getting slammed after already dropping more than 30 points from their high. Let's put this into perspective- for every dollar of sales, AMAT made 21 cents in PURE PROFIT. Few companies can ever lay claim this type of profitability. Furthermore, AMAT is now trading at a near market multiple(29), using next Q's run rate. 80/(4 * .68)= 29 In terms of valuation, AMAT is certainly no CSCO and does not deserve this type of haircut for a great quarterly performance such as they showed. They are getting killed even after increasing their estimate for the industry growth rate to 53% from 46%(?). People are selling w/o regard to fundamentals. Brian, still scratching my head.