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

To: Jock Hutchinson who wrote (19231)	5/9/1998 11:46:00 AM
From: Fred Levine	Respond to of 70976

An article in the NY Times this week has, imo, significant LT implications for AMAT. The article was about how Hewlitt Packard and someone else I forgot was negotiating with Samsung to buy Samsung's semi business, or part of it. Obviously, Koreans need money, their currency is very cheap, and as long as there is a world wide need for electronics, there will be a need for manufacturing. About 2 mos ago, I posted a similar rumor on Bloomberg that Intel will buy into Korean manufacturing. The rumor was not confirmed. IMO, the trend of getting US, and European, money into bargain SEA facilities makes sense for both parties and we'll hear more about this. The continued, albeit slightly slower, growth of China's economy will increase the demand for electronics and they have to be manufactured somewhere. Therefore, I expect AMAT to gain sales, although obviously not immediately. I also just rebought covered calls I sold because I have not heard new earning warnings from AMAT. Historically this company has been conservative in their estimates and I didn't want be caught on the 13th. We'll see. good investing -- fred