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

To: michael97123 who wrote (66155)	9/21/2002 1:06:53 PM
From: Cary Salsberg	Read Replies (1) \| Respond to of 70976

RE: "05 and 06 indicate to me that chips will lag here in any market bounce." We were talking AMAT and moves from $12 to $30, $45, $55, $82. $12 to $20 will keep AMAT ahead of most of the market. Most of us are not informed enough to rotate in and out of various industries and we know we can't trust analysts and pundits to help us. The biggest problem is that our guts can't deal with adversity in areas we are unfamiliar with. RE: "Why must things get better in tech." That is where the innovation is. People talk "killer apps", but "killer platform" is closer to the truth. Full motion audio video will be as ubiquitous as voice. Remote command and control will apply to every man made object. Network access will be portable, wireless, and everywhere (in everyone's pocket) with video cameras built in. RE: "What has to happen?" A critical mass of new products and new technology upgrades must emerge and create a new growth dynamic which overcomes the inertial forces created by an overabundance of old products and old capacity. RE: "And market should resume..." Sooner or later, company by company, at some price level, the visible prospects will make the valuations appear cheap and a price reversal will begin.