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

To: Cary Salsberg who wrote (36695)	8/13/2000 12:00:31 PM
From: J Bertrand	Respond to of 70976

Friends, I think that AMAT's share price erosion is due to SEASONAL factors. (Check out last years messages. You will see the same "worries") I also think that those who sell their shares now because of the "coming" slowdown that is supposed to be around the corner are going to REGRET it dearly. Here's one example. Last year in May 1999, the Semi's were downgraded because some analyst saw that orders were "flattening" or some such thing. I have the quote below. 7 months after this ridiculous downgrade, the stock was trading at $180. It's so incredibly obvious to most that this is a unique time to own semi-equipment stocks. They are the backbone of the information age. RESEARCH ALERT - Salomon cuts semi equipment cos Reuters, Monday, May 17, 1999 at 11:52 NEW YORK, May 17 (Reuters) - Salomon Smith Barney said Monday it downgraded four semiconductor equipment companies to outperform from buy. -- Downgraded companies are Applied Materials Inc. (NASDAQ:AMAT), KLA-Tencor Corp. (NASDAQ:KLAC), Lam Research Corp. (NASDAQ:LRCX) and Novellus Systems Inc. (NASDAQ:NVLS). -- Said sees flattening industry orders at the end of 1999 and early 2000. -- Applied Materials shares fell 1-1/16 to 59-5/8, KLA-Tencor fell 1-5/8 to 49-7/8, Lam Research fell 1-5/16 to 29-1/2 and Novellus fell 2-11/32 to 51-11/16. Copyright 1999, Reuters News Service