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

To: jtechkid who wrote (20298)	6/12/1998 6:36:00 PM
From: shane forbes	Read Replies (1) \| Respond to of 70976

(semi-equip recovery only n/t at best; AMAT ain't running up pre-earnings; BTB may be stable this month) parts of the semi-sector (not semi-equips) will recover by August but AMAT won't be at 37 before their numbers - anyone who pushes AMAT back to the upper 30's is bonkers. And no one will be pushing AMAT expecting good news in their earnings announcement. But you will see your n/t technical bounce - that is all but guaranteed. Heck even if for some unfathomable reason we go through that little trick of AMAT going to the upper 30's by August, it will be back down to the upper 20's after the earnings release. The thing that may save the bulls n/t is that the BTB might not shrink appreciably this month. And no that is no sign for optimism. I just think both the bookings and billings are going to come down by about the same %ge (close enough) thereby keeping the ratio relatively constant. It will drop later.