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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: TREND1 who wrote (12722)	12/12/2001 4:13:28 PM
From: Jim Cash	Read Replies (2) \| Respond to of 99280

That has always been a confusing one for me.. Shouldn't it be a "Trap of the Bulls before they take it down" and a "Trap of the Bears before they take it up"..

To: TREND1 who wrote (12722)	12/12/2001 4:13:55 PM
From: Sully-	Respond to of 99280

16:08 ET Applied Materials (AMAT) 44.50 +0.56 (+1.3%): -- Update -- Company announces that it will lay off approximately 1,700 positions, or approximately 10 percent of the workforce, in response to the continuing downturn in the semiconductor industry; co will also take an unspecified restructuring charge for the Jan qtr. (See 15:21 comment.) 15:21 ET Applied Materials (AMAT) 43.76 -0.18 (-0.4%): -- Update -- Sources at Prudential are telling us that checks show AMAT could have a 2nd round of layoffs, numbering perhaps 2000-2500, beginning today; firm sees this as a positive as it could provide leverage for the co as the cycle turns and could lower their breakeven level (currently at about $1.1 bln in quarterly sales). Applied Materials Announces Reduction in Work Force biz.yahoo.com