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

To: StanX Long who wrote (49602)	7/23/2001 9:15:48 AM
From: Joseph Beltran	Read Replies (1) \| Respond to of 70976

Stan regarding SFAM: The company has the distinction of being perhaps the only chip equipment company which was unable to generate a profit during the biggest growth period in the industry's history. SFAM did a secondary about 4 years ago and it's been downhill since then. The ceo who was responsible for a good portion of SFAM's success up to then stepped down. Farley, a key executive, moved into retirement mode. Then SFAM purchased IPEC and their subsequent apparent inability to efficiently and timely integrate the two companies caused them to divert their attention from developing the right CMP products. They hired a new CEO who, in my opinion, is about the most incompetent individual they could have possibly hired. No former experience as a ceo. AMAT subsequently took them to the cleaners in terms of market share during the boom period. I think the stock price reflects the fact that investors have absolutely no confidence in management. Just my opinion.