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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (4320)	7/26/2002 9:19:10 AM
From: orkrious	Respond to of 95390

Well, I admit AMAT is much more reasonably valued now than during the last couple of years. There are still a couple of problems. 1) When options are expensed, what will AMAT's earnings drop by, 30%? 2) I am certain that estimates will still prove too optimistic. The PC business is mature and growth isn't likely to improve as the economy remains mired in recession over the next couple of years, trying to work of the excesses of the bubble. 3)This bear market is far from over. The S&P PE is still what 30?, double the historical average. Worse, bear markets will bring stocks to undervalued, and the bear will savage every stock.

To: Proud_Infidel who wrote (4320)	7/26/2002 9:19:28 AM
From: Gottfried	Read Replies (2) \| Respond to of 95390

Brian, good work. "Goldman Sachs upgraded the chip equipment sector on belief that fund flows and seasonality may drive a meaningful move in stocks in the group, though the brokerage feels fundamentals are not likely to improve in the near-term" marketwatch.com