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.

Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: 16yearcycle who wrote (120574)	3/16/2001 2:18:23 PM
From: Slumdog	Read Replies (1) \| Respond to of 164684

>>I am buying puts, does that count?<< Actually, Gene, IMHO, I think selling otm puts in here soon will be a good strategy. If we turn around, you keep the dough. If we go much lower you will be assigned some very cheap stock...............

To: 16yearcycle who wrote (120574)	3/16/2001 2:19:22 PM
From: H James Morris	Respond to of 164684

Ek, when one of the companies I respect the most like Amat starts laying off...yes I think buying puts makes sense. >SANTA CLARA, California, Mar 15, 2001 (AP WorldStream via COMTEX) -- Applied Materials Inc., the world's largest manufacturer of chip-making equipment, is offering severance packages to up to 1,000 employees as part of a cost-cutting effort. Applied Materials said Thursday its "voluntary separation plan" mostly would be offered to workers in Santa Clara and in Austin, Texas. The company had 22,000 employees as of Jan. 28. Last month, Applied Materials warned it was being pinched as the U.S. economic downturn hurt its customers, the manufacturers of computer processors. Applied Materials said then it would reduce its temporary work force, defer raises and shut down for five days this quarter. "However, the continued slowdown in demand for semiconductor equipment requires further action by the company," the company said in Thursday's statement. Shares of Applied Materials fell dlrs 2.06, more than 4 percent, to dlrs 46.13 on the Nasdaq Stock Market.