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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (2383)	8/14/2002 12:22:14 PM
From: Cary Salsberg	Read Replies (2) \| Respond to of 25522

Let us forget about Cramer. The analysts who are assigned to AMAT and the semi-equip industry appear clueless about what is happening. Why should more be expected from Cramer? I have a question to pose. CSCO's sales have held up nicely and have increased a little. CSCO's success is attributed to the fact that 80% of sales go to "enterprise networking" and only 20% to telecom providers. Enterprise software firms have not done nearly as well and sales continue to decrease. My question: What are the enterprises that are buying CSCO equipment using the equipment for and why do they need more?

To: Proud_Infidel who wrote (2383)	8/14/2002 12:30:27 PM
From: Gottfried	Respond to of 25522

Brian and all, backlog,inventory,sales for AMAT charted using data collected by Sarmad home.attbi.com G.

To: Proud_Infidel who wrote (2383)	8/14/2002 2:40:11 PM
From: Cary Salsberg	Respond to of 25522

RE: "Ariba, Digital Island, Exodus Communications, Infospace, Inktomi, Mercury Interactive, Verisign, and Veritas." On second thought, Cramer can be instructive. His list above includes 7 software companies and a service company (correct me if I am wrong). I worked in software for 33 years and I learned that "it is the hardware, stupid". If Moore's Law is an example of doubling value every 12 months to 18 months since the early '60s, I suspect software doubled three times in that interval. Once when it went from machine/assembly to compiler, once when interactive debugging was enabled, and once when object oriented programming was adopted. It is not surprising that the greatest threat to the future of technology and to AMAT's future comes from the most successful software company. This company has wrested control of large parts of the hardware industry's product and has far exceeded even the worst government when the tax it has extorted is compared to the value it has contributed.