Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: jtechkid who wrote (21456)	7/10/1998 6:21:00 PM
From: John Sikora	Respond to of 70976

jtech, The Company's customers are delaying orders, rescheduling equipment deliveries and reducing spending on wafer fabrication support as they evaluate the impacts of difficult economic conditions in Asia, DRAM overcapacity and weaker than expected PC sales, compounded by a movement to lower-priced (sub $1,000) PCs. *Although these factors have been present for some time, their near-term effect on thesemiconductor equipment industry will be more severe than previously anticipated.*... I believe the group is in bigger trouble than most folks wanted to believe...In addition IMO, the effects will continue to ripple through the US economy for the next 12 to 18 months. Does not bode well for US equities in general although you wouldn't know that by looking at the closing prices on the major indexes today

To: jtechkid who wrote (21456)	7/10/1998 6:44:00 PM
From: Teri Skogerboe	Read Replies (3) \| Respond to of 70976

Jtechkid, Re: "either two things-the whole group is in bigger trouble than i believe or amat is having specific problems. also, amat got hurt because last quarter they closed 50% of their sale..." From your posts, it sounds like you've been putting some stock in what Gus Richards (H&Q) thinks or says. IMHO, this is not a good idea. We've been over this before; he downgraded in Jun '97 at ~ 60/pre-split (30 in today's shares) and then put a "buy" back on the stock at ~ 35/sh (today's shares)... WAY EARLY (on both ends). And a person might overlook the early downgrade, except for this.... his reasoning was completely out there... talked about order pushouts that NEVER materialized.... In other words, I question his..... everything. Aki, BB, Jacob, Andrew, Katherine, Ramsey... whatdoyaknow, we're doing okay so far in the semi-wars. I'm not happy that some people's stock(s) may go down, but sometimes it really does get irritating listening to the rabid bulls rant and rave. Course, we can always just hit "next" and I do that sometimes. (Jtech's posts aren't like that though; he argues nicely on either side of the fence.)