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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets! -- Ignore unavailable to you. Want to Upgrade?

To: Cary Salsberg who wrote (3521)	11/17/1997 6:36:00 AM
From: LLCF	Read Replies (1) \| Respond to of 10921

< I did not talk about a "worst case scenario" in my last post, but it would result in more than a "small drop."> I assume there MAY be news that would make you consider selling then? Just curious as to what that might be? Just an out and out bearish forcast by the "big guy"??? DAK

To: Cary Salsberg who wrote (3521)	11/17/1997 9:07:00 AM
From: Sam Citron	Read Replies (1) \| Respond to of 10921

Cary, RE: CC T leaves A thought to ponder as we approach AMAT CC countdown. Drew Peck, who analyses Intel for Cowen & Co., says (in current issue Worth) that he finds most CCs a waste of time and would rather meet with customers than management. He states that CCs are useful mainly as a barometer of what other analysts consider important. SC

To: Cary Salsberg who wrote (3521)	11/17/1997 3:50:00 PM
From: molemania	Read Replies (1) \| Respond to of 10921

I called Novellus this morning and talked to Tom (CFO I think). He said that even if local SE Asian (Korea for instance) banks cannot finance fabs, there are overseas or foreign banks that are eager to step in. He also said that if Asia is not up to building new fabs, Europe or some other place may take up the slack. I meant to ask him about Sam's input that Asian fabs are cranking out chips regardless of demand and that Europe would not do this (I think that is what Sam said). Dave

To: Cary Salsberg who wrote (3521)	11/23/1997 9:15:00 AM
From: Sam Citron	Respond to of 10921

Cary, RE: AMAT CC What a disappointment! I'm not talking about earnings, but about the vitally important year-end conference call playback. It is scheduled to disappear Monday at midnight but technical difficulties prevent our hearing the cc from beginning to end. I am cut off just after Jerry begins his discussion of 1998 expectations. Missing this discussion and the all-important analyst Q&A is disturbing. 2 calls to Encore customer service have been unsuccessful in resolving the problem. Normally one can get around a time-out problem by fast forwarding, but this is one of the very few cc playbacks that I've encountered that lacks this standard feature. Frustrating! Has anyone called Ms. Schwartz at IR and complained about this problem? I believe that it is standard for most companies to tape record their CCs. Perhaps they should send cassettes on demand or put a transcript up on the website. From the tone of Jerry's voice, he is reading from a prepared text, so it should not be difficult putting it on the net. Furthermore, from a legal perspective all forward looking statements are already covered by the standard safe-harbor disclaimer, so that is no worry either. As for additional work and expense, the only work they need do is to hire a secretary to transcribe the analyst Q&A. This is certainly more cost effective than other alternatives. Would there be a competitive disadvantage? I doubt it. No real secrets are revealed, just good disclosure. Besides, competitors already have access to this information. Putting the transcript up on their website would merely increase pressure on competitors to do likewise, and result in better informed investors, a more level informational playing field between individuals and institutions, better compliance with securities disclosure law, and more efficient capital allocation. AMAT has always seemed to have very good and open disclosure policies. I plan to call IR Monday to make these suggestions and would appreciate any comments or feedback you might have. SC