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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (10146)	10/31/1997 12:59:00 PM
From: Big Bucks	Read Replies (1) \| Respond to of 70976

Brian, You said: >>These are the times, almost without question, when one needs to step up to the plate and load up on these downtrodden stocks. << It all depends if you are satisfied with striking out or accepting a walk, or waiting for the right pitch to try to hit a home run! I'm waiting for the right pitch! Just my opinion, BB

To: Proud_Infidel who wrote (10146)	10/31/1997 1:02:00 PM
From: Gottfried	Respond to of 70976

Brian, the sentiment here has changed. In August it was too exuberant, even though I did not know it at the time. The new caution is good, but should not keep those with cash from picking up AMAT now. Yes, there may be a drop before there is a rise, but if I had cash I wouldn't bet on it. But then I'm usually too optimistic.<G> GM

To: Proud_Infidel who wrote (10146)	10/31/1997 1:23:00 PM
From: Scott Brooks	Read Replies (1) \| Respond to of 70976

<<It is amazing to me how the sentiment on this thread and in the overall market has changed so dramatically when the fundamentals have not.>> I am not so sure that is true. While it is true that the SEA situation has been building for some time, it certainly seems to have come to a head recently. Total % of sales aside, I am not as drop dead confident that the huge upgrade will take place at the pace that the market was expecting. Don't get me wrong but we have seen evidence that the shift to 300mm is going to be a rocky one - no one wants to be either the last 200mm or the first 300mm. I can't really underestimate the value of AMAT as the market leader, and that it will do exceptionally well over the LT, but I am not entirely sold on the idea that we are at the bottom. If you back out the split, it is trading at ~$64 and that is a hell of a lot higher than during the bad old days of poor earnings visibility. Once again, AMAT is a great co. and I am looking for an entry point. Scott