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

To: akidron who wrote (18672)	4/8/1998 10:42:00 PM
From: Debt Free	Read Replies (1) \| Respond to of 70976

Aki, and all. I believe from earlier posts, it has been stated that Europe is one of the current markets that is going well for AMAT. If this is indeed true, then one thing that I do not recall seeing anything on is the potential impact to AMAT from Europe going to a single currency in 1999. This I think could cause some potential repurcussions (sp) that may not yet have been considered. Comments ?? Doug

To: akidron who wrote (18672)	4/8/1998 11:23:00 PM
From: Dr. Bob	Read Replies (3) \| Respond to of 70976

OT*** jtechkid and akidron, I agreed with you on the direction of the semi equipt stocks for 1998, but I think you're wrong about Yahoo. When a company is losing money, people don't do P/E's. When it makes the transition to actually earning money, it's not much to start with, and the P/E's look astronomical. But in either case, if you try to project out a few years, and then discount back to the present, you get some sort of reasonable valuation. I'm not an expert at that, but others who are have done those calculations and think it makes sense. If you disagree with those calculations, show us your numbers. But criticizing (or shorting) Yahoo just because the P/E is high seems to be a lack of understanding about where they are in the business cycle. I wouldn't buy them at this price either, but I sure wouldn't short them - I think you'll find yourself in the same boat with those who shorted AOL at a similar stage of its development a couple of years ago. Bob