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

To: Tony Viola who wrote (37940)	10/6/2000 6:41:10 PM
From: Proud_Infidel	Read Replies (1) \| Respond to of 70976

Applied Materials says DOJ opens inquiry SANTA CLARA, Calif., Oct 6 (Reuters) - Applied Materials Inc. (NasdaqNM:AMAT - news) on Friday said the U.S. Department of Justice has told the company it is looking into the company's technology licensing practices. Applied Materials, a provider of equipment and services used in the semiconductor industry, said the investigation ``appears to be a routine inquiry,'' and it believes its technology licensing practices are legal. ``This appears to be a routine inquiry into a small part of Applied Materials' business -- licensing of intellectual property, including patents,'' the company said in a statement. It said it will cooperate fully with the DOJ's inquiry. Further details were undisclosed. Applied Materials shares ended trading on the Nasdaq systme up $1-1/16 at $54-3/16. The news announcement came after the market closed.

To: Tony Viola who wrote (37940)	10/6/2000 6:45:58 PM
From: michael97123	Respond to of 70976

At this point, I'll take what I can get:-) Tony, It was the first time since 78 that AMAT got its sea legs so to speak. Other stocks and sectors(the beaten down ones) seemed to be bottoming as well. I am not a technician. It just felt that way to me. Either we turn next week and get some type of rally or we go thru the October event we dont want to talk about and then reverse. One more thought--some analyst said he feared stagflation-- with 3.9% unemployment, sustained growth and relatively low interest rates. Is he crazy? When we had stagflation in the 70's interest rates were in the high teens, unemployment well over 7% and no real growth. What are these analyst/commentators smoking? Big volume for 3 days--the buyers shall return like MacArthur did. I hope it doesnt take 3 years. Mike