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

To: Fred Levine who wrote (4860)	1/10/2003 9:15:11 AM
From: willcousa	Read Replies (1) \| Respond to of 25522

OT - economics, not politics - What people earn is still primarily a function of supply and demand. You get bigger dividends when your money is most needed and truck drivers get pretty good pay (thinking of the over-the-road guys, I know nothing about the delivery segment) when there is a shortage of them. So those who are motivated by what they earn had better find a vital skill that they can master. This, IMHO, has nothing to do with the personal worth or character of the person. Personally, I find full time investing to be about as challanging and as much work as anything else I have done in life. On the menial side I spent 15 years carrying out groceries, cutting meat and stocking store shelves. In fact those were quite happy times because after work my time and mind were totally free for other pursuits. In business, the challanges are always there in your head, gnawing away. The founding fathers built the country based on a system of consumption taxes. Now we have an income tax. You probably know the statistics. A small percentage of the highest taxpayers pay a huge percentage of the tax. A flater tax coupled with less spending would put more money in public hands to be competed for by those businesses that provide to people the goods and services they most demand. Whether a person buys the product or service or loans money to the business or invests in the business, it all helps create a bigger pie for everyone, makes goods more affordable for all.

To: Fred Levine who wrote (4860)	1/10/2003 9:58:12 AM
From: Robert Douglas	Respond to of 25522

I cannot understand why capital gains--passive nonproductive activity--gets taxed at a lower rate than wages. Don't we want people to work and we'll all benefit from the labor? The only way to increase output from labor is to work more hours. Increases in productivity come from innovation and investment in those new processes. Like it or not, investing helps all of society and is therefore encouraged.

To: Fred Levine who wrote (4860)	1/10/2003 10:01:22 AM
From: Proud_Infidel	Respond to of 25522

9:51AM Applied Materials estimates raised at Piper Jaffray; pre-open (AMAT) 15.30 +0.26: Before the open, USB Piper Jaffray raised FY03 ests for AMAT, citing: a significant improvement in orders during the April and subsequent qtrs for NanYa, their belief that MU will more aggressively invest in 300mm, and their expectation that Taiwanese foundries will begin ordering by late spring/early summer; raises FY03 rev/EPS ests to $5.30 bln/$0.21 from $4.81 bln/$0.18 (consensus $5.11 bln/$0.21), and raises price target to $20 from $16.