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

To: Jacob Snyder who wrote (20024)	6/8/1998 9:29:00 PM
From: Big Bucks	Read Replies (1) \| Respond to of 70976

Jacob, To paraphrase Yogi Berra (NY Yankees)< "It's like deja vu all over again". This commentary was particuarly profound: "But Rick Whittington, an analyst with the Soundview Financial Group, took a bearish view, saying that Applied Materials's healthy order rate now would only cause excess chip capacity in the years to come. At Cirrus Logic, the question was how long the slowdown would last. "If PC unit growth doesn't increase in the first and second quarters, then by the second half of the year we will be in a miserable position of oversupply," Whittington said. "Semiconductor stocks have lagged the broad market for so long that customers want to buy them, but what they're ignoring is this tremendous capacity addition going on. I have to conclude we are on the verge of a 1985- to '86-like disaster," he said. "Sell the stocks." " History repeats itself again! BB