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

To: Sun Tzu who wrote (38321)	10/17/2000 9:13:12 AM
From: scott_jiminez	Respond to of 70976

In the period since Klic's warning and Scott Kulicke's observations, the market has shown Klic to be the proverbial canary/coal mine. So, IMO, your post would be more accurate (assuming it's correct about Klic...which is a big assumption) if it were to read, 'A while back I read a (MSDW?) report on the equipment sector in which they pointed out SEM earnings rarely zigzagged mid cycle, i.e. a down quarter is followed by several down quarters. As such they considered SEM dead money for quite a while and hinted that the cycle is winding down.' It should be noted that one can certainly find as many 'hints' that the cycle is 'winding down' as suggestions the cycle will be exceptionally long this time.

To: Sun Tzu who wrote (38321)	10/17/2000 9:14:58 AM
From: michael97123	Read Replies (2) \| Respond to of 70976

I had the pleasure yesterday of watching CNBC for awhile as they repeated their claim that JJ of SSB had correctly called the end of the semi-cycle. Of course yesterday this genius lowered his estimates on intc. Once again with the backing of the cnbc'rs, JJ caused a large cap decline based on the intc call. We saw msft under 50 as well as big declines in intc and amat and others. A dumb analysts plus a band of cnbc'rs only interested in ratings cause billions and billions of dollars to disappear. I can live with the dumb analysts--they have always been around and others will refute him. But the blatant pandering to market changing calls by CNBC without balance should be against the law or subject to litigation when there is blatant misstatement of facts that cause financial hardship. Bloomberg doesnt do that. I dont think CNNFN does that either. Folks lose millions of bucks as those CNBC clowns consistently mistake opinion for fact. I bet not one of them has any economic training at all.