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

To: Kirk © who wrote (36522)	8/10/2000 10:32:09 AM
From: Tony Viola	Respond to of 70976

Kirk, that's a good summary of Morgan on CNBC, to repeat your notes from your (excellent) Suite 101 site, and add more that I caught: ============================================================ Morgan on CNBC Record earnings, profits and bookings that first broke $3B Huge demand from around the world and sees a decade of opportunity ahead so low stock price is a mystery. Few in the world have cell phones yet and the newest models will have color displays cell phones need to be replaced every 2 years Moores Curve progress will go for long time. (some talk about biocomputers that could replace silicon based computers....These are VERY far in the future and I believe they will be additive, not replacement technology) plans to move to $20B company Feels they are core holding for new economy - information age. ============================================================ More points Morgan made on the interview on CNBC: 1. The Internet is just getting going, etc., etc. Right now, he estimates chips for the Internet to be about 30% of total. Expects that to grow to 50%. My comment: if you latch onto the fastest growing phenomenon in history, as the semiconductor industry is doing, as well as hold on to computers, etc., this has to be an accelerating growth factor for chips. 2. Along with the "cell phones need to be replaced every 2 years" comment, Morgan said the trend now is to phones with color displays, and these phones take about three times as many chips as non-color. 3. Haines: if things are so great, why has the stock kind of languished. Morgan: beats me (something like that). All we can do is develop excellent equipment, etc., etc., etc. 4. The comment about possible future replacement technology (for Silicon CMOS): "Moores Curve progress will go for long time. (some talk about biocomputers that could replace silicon based computers....These are VERY far in the future and I believe they will be additive, not replacement technology)." This came from a question by the other guy on CNBC besides Haines, didn't get his name. He asked about photonics specifically, Morgan went on to say anything besides Si is far, far away. Haines had to bail the other guy out, who obviously has no clue about the industry. 5. The $20B company comment, Morgan said something like just keeping up with the information age could get them there.