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

To: Henry D who wrote (46299)	5/6/2001 2:44:04 AM
From: Gottfried	Read Replies (1) \| Respond to of 70976

Henry, that's Mr Chips according to Money mag money.com No picture though. Gottfried

To: Henry D who wrote (46299)	5/6/2001 9:36:56 AM
From: Proud_Infidel	Respond to of 70976

Henry, Going by memory(not a safe thing by any means<GGG>), my cost basis for the majority of shares is in the range of $6.50(bought in '96 at a PSR of 1), with about 2500 shares on margin at 20 or so. I am looking to shed the margined holdings once we reach what I consider to be a "more than fair" valuation level, say a PSR of 10 or so as we witnessed last year. The other shares I will probably hold forever, or I may pay off the margined shares of AMAT with other margin gains, also a possibility. FWIW, I added a small number of shares during this recent downturn when AMAT was in the 30's, but the vast majority was purchased when this sector was well out of favor, trading near levels of cos. going to bankruptcy. I have thought that if I hold onto to all of my current shares, it is quite possible I could have 100,000 shares a decade from now, assuming the growth rate does not regress down to a low level and assuming AMAT splits as they have in the past decade(not a foregone conclusion). The article makes it sound as though AMAT is my only investment, when this is not the case. I also have several thousand shares of LRCX and have what I believe are fairly sizable positions in VSEA, LRCX, CYMI, ASYT, and PRIA, and have been adding to these since they are what I would term more attractive from a valuation standpoint at this juncture. Brian