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

To: Big Bucks who wrote (19815)	6/1/1998 4:58:00 PM
From: akidron	Respond to of 70976

No criticism intended or implied.... the way I see it is that AMAT will pre-announce again this Q (after intc) and will do little better than break even for the second half of this year (have to start writing down inventory and delayed capex) and make somewhere in the region of a buck therefore the pe is 30... even at 1.30 (concensus) its 23.... FYI my steps are 15% at 27 (unless the market goes bang) 25% at 25... then wait to see if we break down... but volume is picking up, there is some capitulation going on... this is not a stock find managers are going to feel glorious holding over the next few months... Oh ---- and to answer my own question... IMO the only thing to stop AMAT going under $15, is that at price it will be bought by GE, GEC. Siemens etc... it is what I like to call a stock with a macro floor... it is what makes stocks like AMAT SLB, and Boeing so attractive long term!!!

To: Big Bucks who wrote (19815)	6/1/1998 5:11:00 PM
From: Jacob Snyder	Read Replies (1) \| Respond to of 70976

KLAC just took out the 12/97 lows, on high volume, decisively, this is a quality company that owns its niche, with a pristine balance sheet, a very poor sign for the short-term outlook: As I posted earlier, if this happens I expected the rest of the group to follow (taking out their 12/97 lows). KLIC is sitting right at its lows, so is INTC. Too busy to post much, very glad I'm on the sidelines, very glad I had the patience and discipline not the load up at 32, these prices and anything below are a steal, going to start buying when the market tells me there is a floor underneath us I have no idea where (somewhere below 28), gosh my grammar is like jtechkid's, gotta go.