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

To: davesd who wrote (14983)	1/22/1998 11:27:00 PM
From: akidron	Respond to of 70976

The post of death.... DD u outdid yourself... it does however tell only half the story as europeans spending is increasing to fill void... and of course the time to buy is when one feels most depressed. and does it really matter if that is at $25 or 30 in the scheme of a stock that will look cheap at 50 within a year.

To: davesd who wrote (14983)	1/23/1998 9:37:00 AM
From: John Stichnoth	Respond to of 70976

Good post. Very helpful. The fab delays may be overly optimistic, in some cases. The one that jumps out is "Submicron Tech", in Bangkok. Are they really going to be able to get financing--in dollars--for a $1.2 bn facility? The Thai banks probably just don't have the credit capacity to support such a venture. Would AMAT ship equipment to them without some sort of US bank guarantee (ie, confirmed letter of credit)? They might, but they'll look long and hard before doing so. It really points up the potential problem that AMAT has in dealing with SEA. But if AMAT can't handle the risks, with its balance sheet, then others will have even more trouble doing so. Short term, it may be a problem, but long term it may strengthen AMAT's position, I'd say. Thanks for your post. js