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

To: michael97123 who wrote (54224)	10/17/2001 2:20:16 PM
From: willcousa	Respond to of 70976

I try to gauge people's reactions as I come in contact with them. Life in the Chicago area seems to be going on after a couple of weeks of shock and incapacity. Most people realize that the targets of the means of terror we have seen to date are trophy buildings and celebrities. They do not feel personally targeted. Friend who lives near John Hancock building downtown feels his one block proximity. In the suburbs we feel pretty safe. Have flown 3 times in and out of D.C. Life seems to be going on there too. People are pretty realistic about what the targets are likely to be. Went to a street fair, taste of Bethesda, well attended, no one seemed worried about the food.

To: michael97123 who wrote (54224)	10/17/2001 2:26:38 PM
From: Jacob Snyder	Read Replies (6) \| Respond to of 70976

OT war thoughts, market thoughts: I don't think I'm edgy. I think I'm just being realistic. We lived our lives, raised our families and went to work, for all the decades of the Cold War. We got used to it, and we will get used to the Permanent War On Terrorism. Like the Brits got used to IRA bombs, and the Israelis got used to bombs with human delivery systems. Anthrax in the mail will just become a part of our daily lives. Humans can eventually adjust and accept as normal, just about anything. IMO, today's down market is responding as much to the earnings news, as it is to the war news. for instance: EMC came out with a big sales miss, and gross margins of 30% (down from 47% the previous quarter, and 55% the quarter before that). Bad news was expected, they've already warned, but they hadn't set the bar low enough. I think investors should be thinking about the secondary and tertiary effects of 9/11. We are already seeing a lot of talk about the need for information systems to be more distributed and redundant. I can also see a lot of organizations saying: "You can't send anthrax via email. All internal communication will happen electronically from now on. No paper transferred from person to person. Next, we do the same with all communications with our suppliers and customers." What are the implications for the future business of EMC, AMAT, CSCO, etc., and the timing of the recovery in their sectors?