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

To: Proud_Infidel who wrote (20082)	6/10/1998 4:14:00 PM
From: akidron	Read Replies (2) \| Respond to of 70976

brian we have been having this argument since AMAT was at 50... AMAT is trading at 20x this years expected earnings... but it isn't growing either revenues or profits... it is in fact supporting an inflated stock-price through manipulation of its order stream and write-offs... I expect AMAT will make less that 1.20 this year and maybe much less than that, as I expect more write-offs next quarter as it cancels internal expansion plans, and intc pushes out further... I see no reason that AMAT shouldn't trade at 15 or even 10 times this years actual earnings before a bottom is reached... therefore I expect 25, think we'll see 19, and 13 or 15 wouldn't amaze me... as for the fascination with comparing the sem-equips to the internet stocks... why don't we just stop... it serves no purpose... those co's have explosive revenue growth, and almost unlimited profit potential, if they can turn revenue into profits, and hits into impressions. I am a buyer of amazon on any weakness... it is the dell of the book-world... sure it has competitors, but the competitors are castrated by their own dependance on retail