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

To: advocatedevil who wrote (54874)	10/31/2001 8:09:37 AM
From: willcousa	Read Replies (1) \| Respond to of 70976

I share your frustration. Here it is November (almost) and the Q's on capex are still flying. It must be pretty much spent by now.

To: advocatedevil who wrote (54874)	10/31/2001 9:12:21 AM
From: Ian@SI	Read Replies (1) \| Respond to of 70976

AD, No reason why the market shouldn't react to the $7.5B Capex several times. When a company misses an estimate, it's price goes down on the rumour of the miss, more when the miss is announced, more when the media talk about the miss during the next few days, and more when the 10Q/10K with the old news is filed with the SEC. After all if the memory challenged market is going to react to old and bad news as if it were brand new each time, why shouldn't it respond in the same fashion to old and good news? ;^) Ian