Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Tito L. Nisperos Jr. who wrote (39015)	10/31/2000 4:11:01 PM
From: Fred Levine	Read Replies (2) \| Respond to of 70976

IMO, the downtrend is over. Tax selling has peaked, but will continue, and the mutual funds which wanted to dump AMAT have done so. Fundamentals will take over, and we will drift back to near 100 by January. There is a shortage of chips and new uses of chips continue to be developed, eg., HDTV, digital radio, Sony's Playstation, digital photography, satellite positioning, etc. That list is just consumer products, and I'm sure that industrial and commercial products are even a bigger market. AND, the economy is fundamentally sound. Somehow, I am reminded of an old Barney's clothing store ad, of a bunch of kids in front of a NY tenament talking about the future-- little La Guardia wants to be mayor, little Jolson wanting to be a singer, etc, and then nurdy Barney says to himself "They'll all need clothes". They'll all need chips. fred