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

To: 16yearcycle who wrote (39902)	11/23/2000 10:12:03 AM
From: Proud_Infidel	Read Replies (2) \| Respond to of 70976

Gene, First of all Happy Thanksgiving. Even though we've had tough times in the tech sector, we are very fortunate. Too many forget that 1/2 of the world's population lives on less than $2/day. The fact that we can sit back and discuss tech stocks is something to be thankful for in its own right. Thanks for the perspective with the new/old P/Book. KO is curently trading at about 35X consensus eps for '01(and growing in the single digits), while many of the stocks I currently hold trade at single digit valuations yet have growth rates many times that of KO. This is bizarre to say the least and an anomaly I believe will be corrected in the coming months. Fear has left many "investors" without much rational thought. Anyone who believes AMAT and the group is overvalued should look at what VSEA(an AMAT competitor) announced yetserday- namely, that they were buying back 6.25% of the outstanding common stock. Would they be doing this if they believe it was anywhere near overvalued? Happy Thanksgiving. Brian *************************************** Varian to repurchase 2 million shares NEW YORK, Nov 22 (Reuters) - Varian Semiconductor Equipment Associates Inc. (NasdaqNM:VSEA - news) said Wednesday its board has authorized the repurchase of up to 2 million shares, or about 6.25 percent of its common stock.** The Gloucester-Mass-based company said that, as of Sept. 29, it had about 32.1 million shares of common stock outstanding. The company said the stock would be bought from time-to- time on the open market or in privately negotiated transactions. In afternoon trading on Nasdaq, Varian was trading at $22-1/4, down 1/4 on the day. The stock has a 52-week range of $18 to $73-1/4.