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

To: Proud_Infidel who wrote (19922)	6/4/1998 8:36:00 PM
From: P.M.Freedman	Respond to of 70976

It looks like this thread is full of bears. To me, most of semiconductor related companies have reached their new lows and most of the forecasts on the next earnings of those companies is better than this quarter. So, I believe that the correction of technology sector led by semis is over or going to be done. Don't you see the new generation chips are keeping to hit the markets. Speed at 300 MHz is quite normal now. 500MHz to 700MHz is ready out by the end of this year. How do those chip makers make their new chips? Of course, most of them use AMAT's machines and materials. Do you really think INTC's over 20% drop in a short period means nobody wants chips? No, of course not. I call those kinds of decline a trader's factor decline. Most of them were way over done. Short interests in AMAT have been very heavy over last 6 months. We may see the hedge funds to start to cover their large positions. They won't be trying to be the last one to cover and turn to long. If you are one of the shorts and want to take a round trip on this stock, it's about the time to turn to longs. Good luck!

To: Proud_Infidel who wrote (19922)	6/4/1998 9:32:00 PM
From: Investor2	Read Replies (2) \| Respond to of 70976

Re: "At least AMAT can claim cyclicaity and overcapacity as their nemesis. What is MOT's excuse?" MOT offered several excuses for the $2 billion write-off and 15,000 layoffs that will come soon. "Even before the charges, the company could report an operating loss for the second quarter as a result of deteriorating demand and global pricing pressure, principally in the semiconductor products segment, due primarily to, economic conditions in Asia, the semiconductor and telecommunications products company said." Best wishes, I2