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

To: StanX Long who wrote (63388)	5/2/2002 11:35:56 PM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Asian Computer-Related Stocks Fall, Led by Samsung Electronics By Young-Jo Bae quote.bloomberg.com Seoul, May 3 (Bloomberg) -- Asian computer-related stocks declined, led by Samsung Electronics Co., after industry leaders Micron Technology Inc. and Dell Computer Corp. said they expect stagnant demand for their products. South Korea's Kospi index shed 2.5 percent. In Taiwan, Nanya Technology Corp. and other memory chipmakers tumbled on concern they'll post losses as chip prices slide below production costs, while Chartered Semiconductor Manufacturing Ltd. fell in Singapore. ``Investors are getting a bit worried whether profit will meet expectations now,'' said Tan Gee Chee, who helps manage $100 million at OUB Optimix Fund Management Ltd. in Singapore. ``Until there are clearer signs from the second-quarter earnings announcements, investors won't be doing much.'' Elsewhere, China Mobile (Hong Kong) Ltd. and China Unicom Ltd. dragged the Hang Seng Index down 0.2 percent, after the Chinese government made mobile phone operators pay a fee that used to be charged to subscribers. Financial markets in Japan are closed until Tuesday for public holidays, while China's stock markets will be closed until Wednesday.

To: StanX Long who wrote (63388)	5/3/2002 12:04:32 AM
From: XBrit	Read Replies (1) \| Respond to of 70976

I have had $10-12 as my buy target for AMAT for about a year now. 2.5 to 3.5 times sales is a reasonable trough valuation. I may be wrong, and it may really be different this time. But the alternative view is that the trough (in stock prices) simply hasn't happened yet. Even though the trough in business may have happened. IMO, the late lamented bubble is still distorting the down-cycle, and the leftover froth (in stock prices) needs to be thoroughly purged before a real up-cycle can begin. And yes, I realize I'm a little to the bearish side of average here, LOL.