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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets! -- Ignore unavailable to you. Want to Upgrade?

To: Mason Barge who wrote (6276)	7/13/1998 12:31:00 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 10921

Mason, all I am saying is that in past cycle the stocks bottomed coincidentally with the BTB. If .7 is really the bottom, then the recovery of the stocks, following this argument is not too far either. I personally am on record (with my poor mauled turnips) that we will see only a mild recovery in this sector between here and the end of August and that this recovery will be followed by a minimelt ending sometime in the late September/October time frame. This stance is somewhat contradicting the BTB having reached its nadir, or once more, this time it could be different and the bottom in the BTB precedes the bottom in the stocks, or, finally, that we have not seen anything yet, and BTB well below .7 are still in the cards. Zeev

To: Mason Barge who wrote (6276)	7/13/1998 4:10:00 PM
From: Thomas J Pittman	Read Replies (1) \| Respond to of 10921

Noticed this at briefing Check out the differences in the 99 EPS estimates for the two firms! Applied Materials Inc. (AMAT) 28 3/8 -1 3/16: --UPDATE-- Lehman Brothers maintains "buy" rating, lowers earnings estimates on semiconductor wafer fabrication equipment manufacturer; lowers Q3 EPS from $0.20 to $0.15 a share and Q4 from $0.21 to $0.05 a share; cuts FY98 EPS estimate from $1.30 to $1.09 and FY99 EPS from $2.25 to $1.90 a share as chip sector unlikely to improve any time soon..... Applied Materials Inc. (AMAT) 28 1/2 -1: --UPDATE-- BA Robertson Stephens downgrades semiconductor wafer fabrication equipment manufacturer from "buy" to long-term "attractive" following Friday's earnings warning; lowers FY98 EPS from $1.35 to $1.10 a share and FY99 from $1.75 to $0.80 a share..... J