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

To: Jacob Snyder who wrote (45043)	4/4/2001 3:28:05 PM
From: mitch-c	Read Replies (2) \| Respond to of 70976

ST - trading Yeah, well, I wasn't exactly on target, either. Bailed profitably, but too early. However, I'm reading this more as a micro event than a macro one. We've (AMAT) been here (below 40) before and rebounded to 50, what - three? four? times since December? In fact, putting my money where my foot is <g>, I just grabbed some APR 40 calls at $2 1/16. Hope (or something ... <g>) springs eternal. - Mitch

To: Jacob Snyder who wrote (45043)	4/4/2001 3:34:12 PM
From: advocatedevil	Respond to of 70976

Analyst: Decline in chip equipment spending coming April 04, 2001 01:48 PM ET by Michelle Rushlo Semiconductor makers could spend as little as 75 percent of the money they spent last year on chip equipment, Lehman Brothers said in a report today. Lehman analyst Edward White said the investment firm's quarterly survey found that capital spending is likely to fall at least 18 percent this year from last, which was a year of strong growth for capital spending. "Most chip companies are spending at a rate that would imply that budgets will be cut further. We anticipate that actual spending will decline by 25 percent or more," White wrote in his report. Result of the slowdown The reductions, he said, are the result of the U.S. economic slowdown and a revision of overinflated growth expectations for some electronics markets. Japanese chipmakers, in particular, are reducing their spending. Lehman reduced its spending estimates for those companies 38 percent, from $13.4 billion to $8.3 billion. Intel (INTC: -1.31, 23.69), Micron Technology (MU: +0.02, 36.28) and Samsung have indicated they'll increase capital spending this year, and White said he believes Intel and Samsung have good reasons to invest. But two semiconductor equipment companies have indicated that even Intel, which has said it will spend $7.5 billion this year, has slowed new equipment orders. In early afternoon trading, the Computing Component group of stocks on the Upside.com 150 was down about 1.5 percent. The three equipment stocks White recommends, Applied Materials (AMAT: -1.19, 38.94), KLA-Tencor (KLAC: -1.31, 34.12) and Novellus Systems (NVLS: -1.06, 34.88), were all trading lower. upside.com AdvocateDevil

To: Jacob Snyder who wrote (45043)	4/4/2001 6:10:57 PM
From: Cary Salsberg	Read Replies (1) \| Respond to of 70976

Jacob, Your reasons for not buying are the reasons AMAT will get to $35 and below. By the way, CSCO has $.66/share cash while AMAT has $4.86. I own both AMAT and CSCO and I like AMAT in the $25-35 range more than CSCO at $13. In fact, I am buying more AMAT and just holding CSCO after the small "round-up." I think that relative size, competive position, barriers to entry, and fundamental technology make AMAT the strongest competitor in technology. Its Achilles heel is the highly cyclical nature of its market, but that is an opportunity we can manage and prosper from.