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

To: Kumar Nathan who wrote (10330)	11/4/1997 6:50:00 AM
From: Tito L. Nisperos Jr.	Respond to of 70976

Kumar, nothing changed much. DRAM chips are still falling in price but its makers are still in business selling them. Anyone who is not buying AMAT yet because he fears the ongoing price-cutting competition will slowdown AMAT's growth is missing lots of opportunities for profit. He refuses to accept the fact that price-cutting is a powerful tool being employed regularly by the most successful companies to stimulate business. Nothing changed much, really. Even Saddam Hussien is on schedule doing his thing of rallying his supporters behind him as he helps oil producing countries take in more profits from temporary spike in oil prices caused by what we think are his "crazy" antics...

To: Kumar Nathan who wrote (10330)	11/4/1997 8:08:00 AM
From: Xpiderman	Respond to of 70976

Brefing.Com upgraded Semiconductor Equipment companies: AMAT and KLIC: Brief: Continued bargain hunting behind group's across-the-board gains... But much work to be done before technical tone turns bullish... Nevertheless scope of recent declines leaves plenty of room for short-term technically driven gains... Advanced Semiconductor Material Inc. to pay Applied Materials $15 mln cash to settle litigation... DSC Communications chose Teradyne Spectrum Manufacturing Test Platform for in-circuit and functional board test... Due to improved short-term tone, we are removing KLA-Tencor from cautioned advised list, as we could see corrective rally to the low- mid-50s before resuming slide... On the flip side, recent slide and subsequent trading behavior makes industry Applied Materials and Kulicke & Soffa attractive long-term plays... Valuations also much more attractive at these levels... Adding both to favored list... Given history of price/earnings instability and lingering questions surrounding impact of currency crisis in SE Asia, stocks are investment candidates for aggressive growth, risk-tolerant investors. Our Favorites: AMAT Recent selling overstates exposure to SE Asia... Industry leader's valuations much more compelling in light of recent pullback... Fact support in the 30 area held also encouraging... 12-month target in 46-50 range. KLIC Just clobbered during market meltdown... Stock now trading at steep discount to market, industry and long-term growth rate... Initial target in the 34 area.