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

To: John Trader who wrote (46062)	5/1/2001 2:41:42 PM
From: Tony Viola	Read Replies (2) \| Respond to of 70976

Salomon Smith Barney is really becoming THE semiconductor evangelist, apparently out again on defense vs. another analyst's offensive remarks: 14:26 ET Applied Materials (AMAT) 52.94 -1.66: -- Update -- Hearing that Salomon Smith Barney is out in defense of AMAT after earlier negative comments from SG Cowen (see 12:28 comment). 12:28 ET Applied Materials (AMAT) 52.65 -1.95: Hearing that SG Cowen made negative comments; said bookings were weak in the month of March at about $100 mln vs $1 bln in March 2000 -- AMAT is on an April qtr.

To: John Trader who wrote (46062)	5/1/2001 6:01:39 PM
From: Proud_Infidel	Read Replies (1) \| Respond to of 70976

Maybe it's not so Bullish after all: The fund is Icon Information Technology (ICTEX), and what its manager knows about technology is almost nothing. “We’re not stock pickers,” says Craig Callahan, who runs all nine funds bearing the Icon name -- a name chosen when they began in 1996, he says, because of its point-and-click modernity. Rather, Callahan is an ex-college professor with a mathematical formula intended to nail down tangible value in the stock market But then again, how can I argue with his logic:-) The No. 1 bargain: Callahan’s stock-picking computer has identified Applied Materials (AMAT, news, msgs) as the No. 1 bargain in the sector, making it the fund’s biggest holding, with 6.2% of assets. The Asia-dependent manufacturer (60% of sales) is trading around 20 times last year’s earnings, despite a five-year profit-growth rate of 21%.