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

To: Cary Salsberg who wrote (4632)	12/26/2002 2:04:45 PM
From: Sam Citron	Read Replies (1) \| Respond to of 25522

OT Speaking of 2 year old themes, Cary, you have often railed about the ethics of obscene levels of CEO compensation to average employees in the USA. I think the ratio is now about 500:1. Have you ever considered the effect that this has on purchasing power and consumption? I would bet that the CEO has a higher marginal propensity to save and invest (mainly in the form of cheap stock options), and that the worker bee has a higher marginal propensity to consume. Who do these greedy and obscenely overpaid execs expect to have the discretionary purchasing power to buy the goods their companies are selling? Do they even CARE or do they just want to retire rich with their private fortunes? Also along these lines, consider the W. Virginia Lottery which has just effected the transfer of $315 million from numerous West Virginians into the pockets of one powerball winner and the state. abcnews.go.com Easier than collecting taxes but I have to question what effect that transfer has on consumption in the great state of W. Virginia. The winner will get 170M before tax and about 111M after tax. Cheers, Sam

To: Cary Salsberg who wrote (4632)	12/27/2002 9:48:28 AM
From: Jeffrey D	Read Replies (1) \| Respond to of 25522

Cary:Long, slow, peak in 2007-8, technology driven for most of the way, and mini-cycles with higher highs and higher lows along the way. This is an almost two year old theme for me and I have many posts here at SI on the subject.>> Cary, I knew you believed that AMAT would be a 20B company by 2007-08, and I agree with you, but I did not know you had an eight year forecast on a technology driven market. Heck, the so-called experts on Wall Street quiver and shake when they make eight month predictions ....and they are rarely right anyway. So, your eight year forecast is astounding! Good luck, but keep your finger near the "sell" button just in case. When do you expect this slow upward cycle to begin since you say you started posting on it two years ago? Jeff