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

To: Math Junkie who wrote (20911)	6/26/1998 8:19:00 PM
From: Jacob Snyder	Respond to of 70976

re: " the "may consider" BS. " I've listened to Morgan enough times now to realise that about 3/4 of his public statements amount to: "I can't predict the future." He has an endless variety of ways of saying this. That's all he said in Asia recently. He said the Japanese and Koreans may start buying semi-equipment again, if and when(fill in here with assorted huge caveats). I don't think he's being dishonest or manipulative. It's just a simple statement of fact: he has no visibility beyond about two quarters . And the Investor Relations departments and the analysts don't either. The whole semi-equip industry got burned this year. In 1997, they ramped up for an expected blowout year in 1998, put a lot of money into developing 300 mm tools, and then it all fell apart. There is vast uncertainty at the moment about the market in general, the semi/semi-equip industries, Japan/Korea, the solvency of all the emerging markets (Russian interest rates at 80% to avoid currency/equity collapse; yikes!). We live in interesting times.