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

To: Big Bucks who wrote (17363)	3/8/1998 9:22:00 PM
From: Gottfried	Respond to of 70976

BB, I guess that means you're not going to up your estimate for AMAT's stock price.<g> Now there is a new concern I see more and more often: companies will hold back on IT investment until they understand the cost of Y2K compliance. GM

To: Big Bucks who wrote (17363)	3/8/1998 9:27:00 PM
From: Proud_Infidel	Read Replies (1) \| Respond to of 70976

BB, Yes, I cannot argue that things do not look rosy now. The grim picture many painted on this thread last oct. is beginning to come to fruition. That being said, methinks you assume it will last longer than actual. Capex purchases are being delayed yet there is a robust demand for high-end PC's according to DELL's recent earnings report and their forward guidance was equally bullish. In addition, the sub-$1000 market is growing at a healthy clip, adversely affecting INTC's margins as they recently noted. Until the end-user demand falls off a cliff, I do not buy into the scenario that the INTC's, MU's et al will cut off their equipment expenditures. I am bullish, am also nervous for the ST. BTW, may I suggest a thread for those in denial? Subject 19577 BK

To: Big Bucks who wrote (17363)	3/8/1998 10:51:00 PM
From: davesd	Read Replies (2) \| Respond to of 70976

Buck...just incase you missed it...IBM did revise the expectations in the last earnings release.....they cut it by 15c a share. But investors ignored it just like they ignored INTC and MOT...Maybe CPQ will hit a little closer to home.....I am amazed how people think that the current market has discounted all the bad news. dave