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

To: Shoibal Datta who wrote (45082)	4/5/2001 11:38:10 AM
From: Math Junkie	Respond to of 70976

Shoibal, AMAT participated in the overvaluation bubble along with the rest of the market, and remains richly valued. That is why I referenced the price/sales and price/book ratios in my post. I was merely pointing out that the selloff so far has not been "mild." People have been talking as if semiconductor equipment were more overvalued than the rest of the technology sector. I can't find much evidence of it. Perhaps they have been looking at the relative strength of the past two months and forgetting that the sector fell faster than the Nasdaq early on. Depending on whether you look at the 50-week or the 60-week chart, AMAT has either fallen slightly more than or slightly less than the Nasdaq during the past year. siliconinvestor.com siliconinvestor.com