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

To: Proud_Infidel who wrote (8919)	2/17/2004 7:41:15 PM
From: Gottfried	Read Replies (1) \| Respond to of 25522

Brian, Fitz is determined to keep them down, get them lower and limit the upside. I made a new chart showing SEMI bookings with 12 and 36 month ma. Looks like some upside is needed - especially since now fabs are more expensive and the chart is in $$ home.comcast.net G.

To: Proud_Infidel who wrote (8919)	2/17/2004 8:27:55 PM
From: Big Bucks	Read Replies (2) \| Respond to of 25522

I guess Fitzgerald isn't counting all the new fabs being constructed and ordering equipment this year and next. He also seems to be dismissing existing fabs that have focused on making excellent profits over the last 9 months and now have extra capital to justify purchasing equipment upgrades. I'm still expecting the stock price to steadily increase after tomorrow's earnings. The stock price has been very volatile over the last month on relatively low volume of around 20M shares a day (relative to about a 28M daily average). Primarily this appears to be day trading activity, considering that there are 1.66B shares in the float. In any case, I'm believing that Fitz is talking down the stock (maybe B of A has taken short positions) but will reverse and recommend a buy in March/April. Friday is options expiry so more volatility in the stock price and markets is expected this week. BB