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

To: SilasSan who wrote (21063)	7/2/1998 2:57:00 PM
From: TOM KARIS	Respond to of 70976

At $29.625, it trades at about 3.5 times its book value of $8.41 as of the latest qtr. This is by no means a bottom in this stock by historical standards. The support in this stock is that you rarely have a chance to buy a leader in technology.(CSCO,INTC,MSFT). This is what is keeping this stock up, not anything else. AMAT is a stock everyone wants to own , I just feel it is to early right now. Seems like all messages on this board are starting to sound the same. Good Luck

To: SilasSan who wrote (21063)	7/2/1998 3:06:00 PM
From: Ramsey Su	Read Replies (2) \| Respond to of 70976

Joe, I don't think AMAT or anymore warning within the sector is going to break the back of the semi equipment makers. It has to be the market. Take a look at what the NASD, especially the big caps, this year. In fact, AMAT is one of the worst performers. Liquidity is keeping the market up now but liquidity is a double edged sword. We have thoroughly discussed Asia. S&P PE is not supported by growth rate. Vaporinternet stocks are creating a lot of paper wealth. Y2K problem just around the corner. These are all individual events which can bring a correction by itself. If a few of these things happen at the same time, black Monday cannot be ruled out. That is when AMAT will truly test its support, back to the teens. Having said that, it is more important to look for bullish signal because this group is going to recover like a rocket. Again, it will not be from within the group because by the time you see something like "...... AMAT receives $500M order from ......", it will be too late. So we need to look for signs of economic recovery in the countries most likely to buy semi eq. Just my 2 cents. Ramsey