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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: William H Huebl who wrote (57352)	3/25/2002 6:36:37 AM
From: Skeet Shipman	Read Replies (1) \| Respond to of 94695

AMAT's Board of Directors Tech Omen Irrational boards of directors were part of the reason for the bubble in tech stocks. Irrationally splitting stocks when earnings did not justify such stock pricing. Nothing has changed. The board of directors of Applied Materials voted to split their stock, even though the market cap of $41 billion exceeds global sales of all semiconductor-making equipment, which is only $28 billion. This is an omen of a dismal future for techs. Applied Materials has a record of splitting their stock at multiyear highs in the tech market. Given this it looks like we will be headed sideways to down over the next 6 months.