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

To: Lizzie Tudor who wrote (6589)	7/30/2003 2:16:06 PM
From: BWAC	Respond to of 25522

I'm looking at earnings per year average over a cycle. Say 1998 to 2002. Average per year on AMAT came in at 45 cents EPS. Money can be made buying now and selling to some sucker at peak earnings. If thats your game. It can also be lost if the market decides to assign a rational longer term PE expectation to these stocks. Of course fat chance of that actually happening. Investors will keep right on playing the boom to bust cycle game. And they better hope some boom is coming or else $19.50 will be expensive. As for the killer broadband app. The killer already exists. In the form of the Baby Bells. They are killing the rapid growth of broadband.