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

To: Jacob Snyder who wrote (20996)	6/30/1998 6:32:00 AM
From: Justa Werkenstiff	Read Replies (2) \| Respond to of 70976

Jacob: Your article is bullish news as it is continuing evidence that the DRAM market is changing consistent with what I have been posting over the past month. Players are dropping out or are repositioning themselves or are cutting back production and the results are beginning to surface. It won't necessarily be a smooth transition. And nobody, not even anyone on this thread, knows how long the DRAM situation will take to straighten itself out and that is the 64k question. I would watch the volume and price movement on July 1, 2, 6 and 7 for clues as to AMAT's sentiment going into earnings season. We will see if the institutions are still interested in this sector short term. Fun facts: AMAT pre-announced in 1996 on July 15th the day before INTC reported and beat earnings by .08 for $1.17 per share. AMAT declined 12% on the day of the preannounce but got a bump from the INTC announcement. And even though MSFT beat estimates by .02 on July 22, 1996, the tech market proceeded to correct as there were disappointing earnings from the likes of HP and MOT earlier in the month. There was a big tech correction overall during that period. AMAT did not hit its low until July 24, 1996, the day after the GARZ said to pack and run from the market.