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

To: shane forbes who wrote (20216)	6/11/1998 11:20:00 PM
From: jelrod3	Read Replies (1) \| Respond to of 70976

Morgan Said: "Japan is the key." AMAT will be down, and down for some time to come, because of Japan and other Asian markets. With all the crummy news coming out today and over the past few days about Japan's economy, and the probability that it will slide even further, there can be no doubt that AMAT is going to be hurting over the next quarter for sure, and maybe the next several quarters thereafter. Combine the news re Japan with the news re other Asian markets, and throw in the fact of overcapacity in semiconductors across the board, and it is easy to see that AMAT is going to go lower. My model shows AMAT going to $20 to $23 in the near term. Look for a warning during the period July 15 to July 30. This is when a preannoucement will come. Then we could go decidedly below $20. I hate to even say what this number is.