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

To: Proud_Infidel who wrote (38010)	10/10/2000 11:00:17 AM
From: FiloF	Respond to of 70976

First of all, I apologize for the confrontational tone of the previous message. But now, you are misrepresenting what I said or you did not understand a rather simple statement. All I am saying is that the conclusion that Bush is intelligent based upon the fact that he attended good schools is a faulty one. No where do I state or imply what I believe of his intelligence. I just may support Bush but I have not made it known. You are engaging in faulty logic again by having your impressions guide your conclusions. _____ As far as AMAT is concerned, I would imagine that the decline today is associated with this: Nasdaq Falls a Fourth Day as Xilinx, Altera Decline; Dow, S&P 500 Advance By Chelsea Emery New York, Oct. 10 (Bloomberg) -- U.S. computer-chip makers' shares fell after analysts at Lehman Brothers Inc. and Salomon Smith Barney Inc. said profits could be hurt at Altera Corp. and Xilinx Inc. as chip supplies expand. Profit ``growth isn't going to be as strong as is priced into the market,'' said Bill Meehan, senior market strategist at Cantor Fitzgerald & Co. ``Considering the number of warnings we've seen, I'm questioning the outlook for the fourth quarter and 2001.'' The Nasdaq Composite Index fell for a fourth day, dropping 11.07, or 0.3 percent, to 3344.49. An earlier rally, sparked by gains in Qualcomm Inc., fizzled. The Dow Jones Industrial Average rose 27.37, or 0.3 percent, to 10,595.80. Drug shares climbed, lifting the Standard & Poor's 500 Index 2.46, or 0.2 percent, to 1404.49. Rising and falling stocks were about even on the New York Stock Exchange. Xilinx fell 10.13 to 69 and Altera dropped 7.25 to 33.63 after analysts at two brokerages cut their ratings on the stocks, with one saying that profits could be hurt as chip supplies expand. Lehman's Dan Niles said in a note to clients that ``revenue growth rates for the next two quarters are likely to slow noticeably.'' A tight supply of chips is easing, Niles said, causing customers to ``rebalance inventory and order rates.'' `Continued Deterioration' Clark Westmont with Salomon Smith Barney said that ``continued deterioration in the environment for general purpose semiconductor chips'' prompted his downgrades of Xilinx and Altera. The Philadelphia Semiconductor Index has slumped 38 percent in the past three months on concern of slowing demand and rising supplies for chips. Today, it fell for the 12th time in 14 sessions, shedding 8.6 percent Among other chip stocks, PMC-Sierra Inc. lost 9 to 181.06 and Micron Technology Inc. slipped 1.56 to 38.38. Qualcomm gained 3.88 to 83.25 after a report the company's mobile-phone technology is being considered by China Unicom Ltd. for a wireless network.