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

To: Fred Levine who wrote (39034)	11/1/2000 10:44:54 AM
From: Dale Knipschield	Read Replies (1) \| Respond to of 70976

Thanks, Dean Witter! (And may your revenues drop 50% this year due to your stupidity, incompetence, and complete lack of integrity.) Regards, Knip

To: Fred Levine who wrote (39034)	11/1/2000 10:55:50 AM
From: mitch-c	Read Replies (1) \| Respond to of 70976

cbs.marketwatch.com From what I see, WCOM and NT warned, as did ALTR and XLNX. All got punished for it by implication. In an ironic twist, the same article mentions some other downgrades ... fratricide among investment houses. They're downgrading each other. <g> The piranha are eating their young ... enjoyable reading if you <ahem> respect analysts as we do here. - Mitch

To: Fred Levine who wrote (39034)	11/1/2000 11:59:22 AM
From: Tony Viola	Respond to of 70976

Fred, I heard CNBC's David Faber on the MSDW downgrade of AMAT, and also KLAC and LRCX. He said MSDW now believes that semiconductor capital equipment spending will be a lot lower next year than they had previously thought. I think their previous percentage growth estimate, YOY was over 30% for all of semi cap equip. Now, they, MSDW again, see 10 - 15%. Not certain of the numbers but the prior was definitely over 30, current definitely 15% or less. Faber went on to say that MSDW is saying something like 'it was beyond embarrassing.' Faber didn't explain the context of that too well, but I think it meant they were very embarrassed to have had such a high YOY growth estimate, and now, going to such a low one. That's what he said. Don't shoot the messenger (me or Faber. I think he tries to get the info out as best as his limited tech background allows. Very bright guy IMO). Tony