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

To: Cary Salsberg who wrote (46624)	5/11/2001 8:02:04 PM
From: John Trader	Read Replies (1) \| Respond to of 70976

Thanks for your input. I am not sure how much of a barrier there is to entry for fiber optic cable, but I would agree that AMAT looks better in this regard. I think the worldwide demand for fiber optic cable over the next few years is the big question in the case of GLW (hard to answer given the telecom problems, the unknown worldwide demand for bandwidth, and the dark fiber issue). On a P/S, P/B, or PEG basis GLW looks much cheaper than AMAT (PEG of about 1.0 using 2001 earnings estimate vs about 1.75 for the S&P 500 and about 1.4 for AMAT). Both companies have good, experienced management. Back in September GLW was valued at 113 vs AMAT at about 85. Interesting in that GLW is now at about 22 and AMAT at 52. John