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

To: Gottfried who wrote (10938)	11/13/1997 12:04:00 PM
From: akidron	Read Replies (2) \| Respond to of 70976

Mr. Large Bucks I can hardly be accused of seeing the world through rose tinted glasses, as I sold at what turned out to be the hieght of the euphoria, because the world outside was looking a little off color. WHAT I AM SAYING IS THAT THIS DOWNSIDE MOVE IS AN OVER-REACTION. THAT NOT A SINGLE MAJOR EQUIPMENT MAKER HAS WARNED OF SLOWER GROWTH OR OF A SINGLE ORDER CANCELATION THAT I HAVE SEEN. YOU ARE SPECULATING. WHICH YOU HAVE EVERY RIGHT TO DO. BUT IT IS SPECULATION NONE THE LESS.

To: Gottfried who wrote (10938)	11/13/1997 1:31:00 PM
From: Big Bucks	Read Replies (2) \| Respond to of 70976

Gottfried, I believe LAM (LRCX) was tenative about growth in fall/winter 1997 and 1st 1/2 of 98. Remember it is in the best interest of companies not to release "bad/down expectations" information immediately, to do so would invite immediate sell-off and scare off investors. Strategically speaking it is better to set "lowered/diminished" expectations during formally scheduled analyst meetings or press meetings once the situation has established a trend that is inevitable or based on "newsworthy" events to confirm a slow down or order push outs/ cancellations. It would be "suicidal" to announce future bad expectations prior to the announcement of a great years'/quarters earnings results. Sometimes you need to "read between the lines" to extract the true meaning from what is being publicly proclaimed. Subleties of tone or "nebulus" wording can speak volumes if you know how to intrepret the true meaning that is woven into the fabric of the wording. I state again, economies/currencies are in turmoil and investors/companies retreat to safe harbors in troubled waters/times so as to not get sunk! You don't hoist full sails when in the middle of a hurricane, to do so would invite disaster. Several chip companies have given a "diminished" earnings outlook for next year, this is just the beginning, IMHO. It will eventually impact the semi-equip mfg's. We will have to wait for the conference call to give us a hint of future short/mid term expectations for the next 6-12 months. Just my opinion, BB