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

To: Berk who wrote (62249)	3/22/2002 11:23:50 AM
From: Gottfried	Read Replies (1) \| Respond to of 70976

Dick, splits chart finance.yahoo.com G.

To: Berk who wrote (62249)	3/22/2002 11:51:23 AM
From: Sam Citron	Respond to of 70976

Actually, a short time ago AMAT was considering a reverse split. Just kidding - an early April Fool's joke ;-)

To: Berk who wrote (62249)	3/22/2002 12:36:00 PM
From: runes	Respond to of 70976

AMAT split - a sign for caution I will side with Dick on this one. Declaring a split now is a great attention getter (along with stock buybacks) but otherwise not necessary. IMO - AMAT was lacking anything to get them some buzz so they manufactured it. Alternate explanation - the board has gotten used to doing a stock split every 2 years and was feeling a bit self conscious about the prospect of going 4 or 5 years before hitting the typical $100+ split regime.

To: Berk who wrote (62249)	3/22/2002 5:19:35 PM
From: FR1	Read Replies (1) \| Respond to of 70976

Gottfried's chart shows the opposite - that the splits do not occur at the top of a price move. IMHO, AMAT thinks like this: 1) They are the first to know that recovery is underway because the chipmakers have to order supplies now for future production. It appears that AMAT is getting a lot of orders (capacity going up to 80% by EOY). Management talks to the buyers and feels it is for real. 2) AMAT reasons that if they split now then as we move into the fall (when everybody will be giving good reports) AMAT stock price will look very affordable to the average investor. The whole idea of saying stock price doesn't matter is obviously wrong. If it doesn't matter nobody would split. How many shares of Berkshire have you bought lately? Personally, I think it is a OK move - doesn't hurt and could help.

To: Berk who wrote (62249)	6/16/2002 10:54:04 AM
From: Berk	Respond to of 70976

FWIW I bought back my covered calls a week ago and doubled my position in the stock last week on the INTC sell off. The position is still very small relative to many of you. The reason for the increase was that I think the selling is overdone and at some point in the near term we will rally. Then I believe it will be a question of hedging, selling the rally or remaining net long. At this point I really don't know since I can make strong arguments for each decision. BTW my timing can be good (bought the stock in late September) and bad (sold the shares I just bought back in November) so don't read too much into this other than an update to a previously stated position.