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

To: Justa Werkenstiff who wrote (19352)	5/13/1998 8:15:00 AM
From: Fred Levine	Read Replies (1) \| Respond to of 70976

My reading of the press release and the CC is that it was no news; there were no surprises whatsoever! Earnings were exactly the estimate and the LT future remains positive while ST is cloudy. Given AMAT's huge cash trove, R&D, the fact that there will be increased use for chips, the outlook is basically positive. Given the history of both the company and the industry, to be a bear is like pissing in the wind. good investing --- fred

To: Justa Werkenstiff who wrote (19352)	5/13/1998 9:30:00 AM
From: MileHigh	Read Replies (1) \| Respond to of 70976

But I am glad I read this thread because there are people here who are absolutely certain that a turnaround is way off. That's what I like about this thread. There are people here who have greater visibility into industry trends than Morgan himself <g>. Good point, sort of. Remember though all these CEO's comments are "extremely" measured and calculated in order to avoid shareholder lawsuits and the like. Can you just imagine Morgan saying "Yea, things are bad and I have no idea what will happen" I will go on the record as saying, I can not predict the future, but this thing will trade lower over the next few weeks. MileHigh

To: Justa Werkenstiff who wrote (19352)	5/13/1998 10:26:00 AM
From: Ian@SI	Read Replies (1) \| Respond to of 70976

Justa,, Re: (AMAT has given a bottom range of between the fourth calendar quarter of 1998 and the second calendar quarter of 1999). As a prefix to that statement, Jim Morgan said that he wasn't sure that he'd subscribe to either view. I was left with the impression that he wouldn't be surprised to see an upturn before yearend. This morning on CNBC, he indicated that the worst downturn was in 1986 which lasted 3 quarters. It's difficult to imagine a realistic scenario that would make this downturn worse than that. Ian.