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

To: davesd who wrote (13784)	12/22/1997 4:49:00 PM
From: Paul V.	Read Replies (1) \| Respond to of 70976

Dave, >When you ask how much lower can they go...well in 1996 AMAT had their best ever EPS and after that they went down to $12!!! AMAT still has not beaten that quarter...if they earn 51c this quarter they will match it. I'm not saying that they will go that low...but it has happened in the past.< Please note that the actual AMAT low price was $21.625 presplit. Presplit it NEVER reached $12.00. It is confusing to some when they think that AMAT actually reached $12 presplit. Please notify new threaders that you are using post split numbers. IMHO, the reason we have not seen lower than $20 is that Wall Street is looking at presplit lows rather than post split and at the precentage off the highs which was approximately 60-21.625=63.9583%. The approximate same down percentage from the post split highs would be aroung $19.50 a far cry from your cited $12. Regards, Paul V.

To: davesd who wrote (13784)	12/22/1997 4:52:00 PM
From: Cynic 2005	Respond to of 70976

Dave, nothing earth-shattering, but here is a exerpt from FSII earnings report: Commenting on current industry conditions, Joel Elftmann, chairman and chief executive officer of FSI International, said, ''The recent economic and monetary turbulence in Asia has created uncertainty in the microelectronics industry. Our customers around the world are more cautious given the situation in Asia. We are seeing a softening in orders, particularly from Korean semiconductor manufacturers and U.S. thin film head manufacturers.'' In the last three fiscal years, FSI sales into the Asian market, including Japan, ranged from about 15 to 20 percent of total annual sales. ''While we expect overall semiconductor manufacturing equipment spending to be weaker because of conditions in Asia, we continue to believe that underlying semiconductor demand is strong, and that particularly our U.S. and European customers will increase their capital equipment investments in calendar year 1998,'' said Elftmann.(a) ''Given the uncertainty of the market, we could see delays or cancellations in the next few months.(a) We continue to expect FSI sales to increase in fiscal 1998 from fiscal 1997 levels.(a) However, it is unlikely that fiscal 1998 sales will exceed $300 million.''(a) biz.yahoo.com