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

To: Gottfried who wrote (21155)	7/6/1998 11:38:00 PM
From: Jacob Snyder	Read Replies (1) \| Respond to of 70976

Smart Money, part 3: Response from Paul Sturm: Thanks for your note--and sorry for the delayed reply. I've been on the road for several weeks. Sharp-eyed readers keep us accurate, and I appreciate your comments. You're right that Applied Materials does little business in Malaysia, though other companies do. It would have been more accurate if I had limited my example to Korea. On the other hand, I think you take me to task wrongly for my reference to companies with cash from recent IPOs. I don't put Applied Materials in this category. As for highs and lows, in the second-half of last year Applied Materials traded as low as 25 1/2 (on December 12). I used the 12-month low, a sloppy error for which I apologize. The larger issue is the fact that these stocks have fallen since I wrote about them. The fundamentals haven't changed much, which means values are even more appealing--both for traders and longer-term investors. Regards.