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

To: akidron who wrote (21530)	7/10/1998 11:29:00 PM
From: Ian@SI	Read Replies (1) \| Respond to of 70976

Aki, I'm shocked! I had to agree with much of what you said. If the stated intent of most posters here is actually acted upon, I wouldn't be surprised to see AMAT pop well above 30 near the open Monday as the MMs take advantage of the "blind" market orders placed during the weekend. Carl Johnson has stated that this downturn won't end before 300mm ramp. If that's the case, then it could be a very long time before the semi equipment sector delivers market performance once again. After market close, APPLIED MATERIALS, the world's largest supplier of wafer fabrication systems and services to the global semiconductor industry, said it expects its financial results for the 3Q 1998 to be below expectations. The Company currently expects new orders of $600 million to $675 million, net sales of $850 million to $885 million and ongoing earnings of $0.15 to $0.18 per diluted share for the 3Q 1998. The ongoing earnings forecast excludes an estimated $25 million to $30 million restructuring charge (approximately $0.05 per share after-tax) associated with a Voluntary Separation Plan announced by the Company on May 26, 1998. AMAT will release its 3Q financial results on August 11, 1998.

To: akidron who wrote (21530)	7/10/1998 11:54:00 PM
From: Dale J.	Read Replies (1) \| Respond to of 70976

akidron, I don't have a position in AMAT, but I agree the announcement was a serious setback for those that are long. The most damaging was that they expect new orders in Q3 and Q4 to be significantly below its Q2 level. You can be sure some of this is not a total surprise. Not all company information is dispensed to investors equally. It seems in the investment world of Wall Street some are more equal than others. SEC, of course, prohibits this, but then again SEC is a paper tiger when it comes to enforcement. Most companies leak news like a net leaks water. The severity of the warning however was probably not known by most of the Street and so you will no doubt have many sellers. Some analysts will probably downplay it, but that is only until they reduce their holdings. Then you can expect more downgrades. This announcement will probably take at least a couple of weeks to play out. AMAT is a sound company though and I would consider buying in a few weeks. Probably after they fully disclose the problems on Aug 11 Dale

To: akidron who wrote (21530)	7/11/1998 12:01:00 AM
From: Dr. Bob	Read Replies (1) \| Respond to of 70976

Aki, <<300 MM is a PIPE-DREAM>> Isn't that a little strong? Nikon or Canon, forget which, just announced a week or two ago they finally had a lithography tool for 300 mm; I'd been under the impression lithography had been the most important laggard. Surely the timetable has changed, and maybe will get pushed back further, but you're the first one I've heard say it's write-off time for 300 mm development expenses. Could you steer me to some backup for that? Bob