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

To: Pink Minion who wrote (44190)	3/21/2001 11:55:42 AM
From: Proud_Infidel	Read Replies (2) \| Respond to of 70976

I'm afraid you're going to have a long wait, but I'll bet AMAT will hit your target first. This ain't over until CSCO hits 10 and INTC hits 13. This reminds me of the people at Nasdaq 5100 calling for Nasdaq 10,000. What do you base this on? INTC is selling for about one half of Coca-Cola's valuation, yet you would see that fall to one-quarter; and INTC's growth rate, though slower from what it was, will most certainly outpace KO for the next decade. I presume your belief is that we will hit 900 on the Nasdaq, since that is where we would likely wind up should INTC and CSCO fall to your levels. Can you provide some basis upon why you believe this to be so, especially after we have already fallen 65% and the Fed is now aggresively lowering interest rates? I do not believe the market has ever kept falling in the face of lowering rates, yet your scenario calls for another 50% haircut of an already bloodied Nasdaq. Please explain your rationale. BK