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

To: Teri Skogerboe who wrote (20091)	6/10/1998 6:06:00 PM
From: jtechkid	Read Replies (1) \| Respond to of 70976

brian's been dead wrong. just had to say that. i would be shocked if we hit that low on the sox. my thinking if you or any portfolio manager dumped stock around then it came back short term and haunted you. i think what we are seeing is the growth or momentum funds are dumping because its percieved as dead money and the value investors like myself are buying quality well financed blue chip tech comes uder2x book which history will tell you is a good value. i remember at atech conference in the summer of 1996 where amat ceo or pres stated very critical that portfolio managers would look foolosh by dumping amat so hard-that was around 17-22 per share. they did. i mean you have to have in the back of your mind that this is a cyclical industry and yes the downcycle hurts but if the upcycle starts its the easiest most money you can make. for me, in 1996i was a baby and stared at how ugly the market was and didn't buy enough of this group. now, i don't care and this month is the bottom and people should doller cost average these things. klac, lscc,tsemf, qual, nvls, lrcx, altr, will all double by the year2000.imo