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

To: Tony Viola who wrote (36747)	8/14/2000 1:55:46 PM
From: pat mudge	Read Replies (1) \| Respond to of 70976

I don't know if it was you or Bedekar who turned the stock around, but I'm glad whoever it was. :) August 14, 2000 DLJ's Bedekar Sees Semiconductors In Midcycle Correction By JOHN SHIPMAN Of DOW JONES NEWSWIRES NEW YORK -- Investors have punished semiconductor stocks recently, but Donaldson Lufkin & Jenrette analyst Milind Bedekar said the sector is solid and is undergoing a "midcycle" correction. "The biggest fear that investors always have with this sector is its inherent cyclicality," Bedekar told CNBC Monday. Because the semiconductor sector performed so strongly in late 1999 and the first part of 2000, he said, "expectations got ahead of reality." He said he sees the recent downturn as a "temporary disconnect." Applied Materials Inc. (AMAT) and KLA-Tencor Corp. (KLAC) are two "unquestioned franchises" in the semiconductor group that Bedekar predicted investors "would return to first." - John Shipman, Dow Jones Newswires; 201-938-5171 --------------------------------------------------------------------------------

To: Tony Viola who wrote (36747)	8/14/2000 1:56:16 PM
From: Gottfried	Respond to of 70976

Tony, thanks much for the IBM summary. CPQ huh? :) Gottfried [end]