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

To: Ian@SI who wrote (45459)	4/16/2001 2:42:12 PM
From: michael97123	Read Replies (1) \| Respond to of 70976

Ian, Earlier today Richard McCabe from Merrill who has been a bear for the longest time called today(and perhaps a few more to follow) as a minor pullback from last weeks rally. He saw so much strength in last weeks rally that he predicted mid to high 2000's for nasdaq, I think by the end of May. He is not yet a bull and indicated the jury was out whether there would be another down leg following this powerful rally. He urged folks on the sidelines to take advantage of this rally and folks who are fully invested in tech to lighten up at the end of May when a pullback/retracement etc occurs. The economy going forward should become clearer by then as well. McCabe i believe is head technical analyst at merrill. Mike

To: Ian@SI who wrote (45459)	4/17/2001 3:11:43 PM
From: Katherine Derbyshire	Read Replies (1) \| Respond to of 70976

>>As implied in my earlier post today, chip prices will continue to come down. Chip usage and uses will continue to proliferate. << I'd phrase this even more strongly: Because chip prices continue to come down, chip uses will continue to proliferate. Cheap transistors give designers room to exercise their imaginations. You can design a $50 microprocessor into many more gadgets than a $500 microprocessor. You can sell a $50 microprocessor to people who couldn't dream of affording a $500 microprocessor. Katherine