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

To: BigShoulders who wrote (17723)	3/16/1998 1:55:00 AM
From: Bruce C.	Read Replies (1) \| Respond to of 70976

The best demonstration of my faith in AMAT is that in Oct 97 I bought some more at 31 1/4, and if it goes down into the 27-28 range I might cost average with some more. I'm more of a happy investor than a knowledgeable one! But as an engineer, I tend to look at the technical reputation and competence of the company. With reference to a previous post, I started out as a "rocket scientist" before switching to aircraft acoustics with NASA. As long as we are in this rapid growth in electronics and computer applications, I think AMAT is so well positioned that it should continue this pattern of growth for quite a few years. The only thing that puzzles me is that it is so volatile when I think of its products as being the basic "tools" of the whole industry. But then, what do I know of business cycles? I'm not a chart expert, and I don't get too excited when there is a temporary lull or downturn. So I guess what I can contribute is some optimism for the long haul, without enough study to quantify the growth rate. Hope this is a little help. BC