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

To: Ian@SI who wrote (48490)	6/27/2001 4:06:33 PM
From: Proud_Infidel	Read Replies (2) \| Respond to of 70976

Ian, Re:And even more exciting, they gave guidance for 2002 in their conference call [all positive Qs with increasing earnings in each Q]. Did they say CY02 or FY02? I only say this because their FY ends in August and not December. That would be rather bullish if it were for CY02, although I doubt any company has visibility that good, regardless of what they may say on the CC. TIA BK

To: Ian@SI who wrote (48490)	6/27/2001 4:12:50 PM
From: Jacob Snyder	Read Replies (1) \| Respond to of 70976

Did ATYT say why they thought earnings would go up in 2002? I've heard a lot of vaguely hopeful comments about 2002 prospects, from various techs, but most of it comes down to: "things have to get better in 2002, because they are so bad now". I don't find those statements reassuring. I also notice we aren't hearing many of those vaguely hopeful comments about 2H01 any more, now that we are there.

To: Ian@SI who wrote (48490)	6/28/2001 10:00:20 AM
From: michael97123	Read Replies (1) \| Respond to of 70976

Ian, Ellison indicated better quarters ahead for Oracle on cnbc the other nite. And I guess we need to take these folks at their word given new government rules, regs and overall scrutiny. Next week is the 6 month anniversary of the first fed cut and conventional wisdom is that first signs should become evident. Even if the recovery lags into 2002, the market moves 6 months in advance and we are at that point too. Worse case we should move back to high end of 2100-2300 trading range on nasdaq and pause to see if signs are for real. One thing I do believe is that at some point in the future earnings comparison will be fantastic and the market will react in knee jerk fashion with better stock prices than are probably deserved at that point in time. A mini-irrational exhuberance bubble in the making and perhaps a time to do some profit taking. Doesnt the word profit have a nice ring to it. mike