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

To: Gottfried who wrote (44942)	4/3/2001 3:30:18 AM
From: advocatedevil	Respond to of 70976

Gottfried, I suspect that $35 may simply reflect a reasonable midpoint between upside and downside risk based on fair valuation and long term growth rates. I agree with some analysts who have been somewhat amazed that AMAT has been holding in the $40 to $50 range in the midst of the continuing semi slide. The stock appears to have been a tech safe haven up until very recently. I think it has been an easy decision for investors to redeploy their semi money into AMAT when specific holdings were dropping. Now as everything in the sector is tanking, AMAT's status becomes less appealing due to its relative valuation and the attraction of bargain play alternatives. Interestingly, $35 is within a point of the 52 week low, although I doubt that a retest has much to do with current analyst target determinations. AdvocateDevil