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

To: Joseph Beltran who wrote (21149)	7/6/1998 8:35:00 PM
From: William Nelson	Read Replies (1) \| Respond to of 70976

from Adam Smith: "It's gone from a garbage market, to a kids garbage market. Only kids can make money now." I'm just afraid that these crappy stocks won't crash without bringing us down with them.

To: Joseph Beltran who wrote (21149)	7/6/1998 8:41:00 PM
From: Proud_Infidel	Respond to of 70976

Joe, I know there is no way to compare the two, but applying YHOO's PSR to AMAT yields a price of $1312 per share. Market cap of $505 B BK

To: Joseph Beltran who wrote (21149)	7/7/1998 12:55:00 AM
From: Jacob Snyder	Read Replies (1) \| Respond to of 70976

OT: re: the sausage casings/oil drilling/internet conglomerate: HOUSTON, July 6 (Reuters) - Zapata Corp., a one-time oil driller trying to break into cyberspace, said on Monday its board decided to split into two companies with an eye toward becoming one of the world's leading Internet players. Zapata also said in a statement it had agreed to buy or invest in 21 Web sites and electronic commerce businesses and put them under the Zap umbrella: zap.com. The Houston-based company, founded during the 1950s by former U.S. President George Bush, will split into Zapata Corp. (ZAP - news), a holding company with interests in marine protein and food packaging, and Zap Corp., an Internet company. Zapata -- which began in oil drilling but made waves in the Internet business with an unsuccessful offer in May for Internet search engine power Excite Inc. (XCIT - news) -- is looking at an initial public offering, a spin-off and other options for Zap. ''Zap's goal is to become one of the largest Internet companies in the world,'' Chief Executive Avram Glazer said in a statement on Monday. Zapata, which produces a gamut of products ranging from sausage casings to straws and fish oil, got into the online business two months ago. -------------------------------------------------------------------- July 6, 1998 Rebuffed by Excite, Zapata Launches Own 'Portal' Site By LISA BRANSTEN THE WALL STREET JOURNAL INTERACTIVE EDITION SAN FRANCISCO -- Zapata's stock more than doubled after the food-processing company announced an audacious plan to launch its own Web "portal" site. Two months ago, Zapata made a splash with its bid to acquire Excite for $1.7 billion, about five times Zapata's own market value. Rebuffed in that effort, Monday the company announced that it had added 21 small Web properties to the two it already owned. The company also said it planned to spin off its Internet operations into a separate, publicly traded company, Zap Corp., and that its board had approved the repurchase of as many as five million shares. Investors responded to the slew of news with the same alacrity that they have shown toward any company choosing to stick the word Internet somewhere in its business plan: They bid the stock up 11 5/8, or 118%, to close at 21 1/2 in New York Stock Exchange composite trading.