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

To: Proud_Infidel who wrote (4029)	12/20/1997 3:34:00 PM
From: LLCF	Read Replies (1) \| Respond to of 10921

<I cannot say for sure that this is the time to move back into semi's, but IMO it sure as hell is time to get out of the Dow. It seems the larger the company, the more $ is thrown at it, regardless of valuation. All of the talk of overvalued techs amazes me with this index of stocks at stratospheric levels.> Cant agree more. <I did some simple math to see how much in $$ you pay for each % point of growth between KO and AMAT> Can't help but jab a little here..even though I agree with your opinion: "When was the last time you picked up a six pack of AMAT at the store?" DAK

To: Proud_Infidel who wrote (4029)	12/20/1997 5:02:00 PM
From: Ian@SI	Read Replies (1) \| Respond to of 10921

Brian, Would you really pay more for a $ of estimated earnings from a cyclical company with a track record for being unpredictable, than you would for a $ of estimated earnings from a company with more than a century of near continuous growth? Assuming that the market is wrong on some very well known companies could be injurious to your wealth. I would also prefer to own AMAT than KO - that doesn't mean that my AMAT money will do better, it's just my expectation. KO is only 1 of 30 stocks making up the Dow. Others are more attractively priced and far less risk than any of the semi equipment companies including AMAT. Ian.