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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Suresh who wrote (38427)	11/20/2002 9:07:23 PM
From: Johnny Canuck	Respond to of 68586

>>If AMAT is laying off 10% of its workforce... they are >>probably thinking that the glory days may never return or >>even if it returns it will not be in less than 6 months. I have to agree on this one. AMAT has tried to be loyal to it employees. In the early days of the down turn they stated publically they would not lay off people, but would try to ride out the storm. Unfortunately, for them the storm lasted longer than expected. Given the amount of capacity out there, i have to think the run rate will be lower than we saw in the 90's and early 2000's. The analysts seems to conveniently forget, we had Y2K and then the wirelss revolution to drive demand. Those driving forces are now gone. In addition the efficiencies that were added during that time, mean a lot of people will not be back. This should do a pretty good job of keeping consumer demand capped. More bad news for other sectors: Message 18257527