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

To: jtechkid who wrote (21729)	7/13/1998 2:55:00 PM
From: Andrew Brockway	Read Replies (1) \| Respond to of 70976

jtechkid, Your 30 PE is fairly generous. AMAT's average PE is more like 21. With estimates at .86 for 1999, maybe fair value is more like $18. Andrew

To: jtechkid who wrote (21729)	7/13/1998 3:35:00 PM
From: Gottfried	Read Replies (1) \| Respond to of 70976

jtechkid/all: from our favorite pundit... Herb G. in street.com today... Applied Materials (AMAT:Nasdaq): Nothing like waiting until Friday afternoon to preannounce a lousy third quarter. There oughta be a law. Chalk one up for Morgan Stanley's Jay Deahna for calling this one -- a preannouncement -- right, and BT Alex. Brown's Byron Walker for having the conviction not to recommend the stock for many a month. What I wanna know is: What took Applied so long to admit what everybody else already knew? And why did they wait 'til late on a Friday? Why does anybody wait until late on a Friday? Trying not to be seen? These days -- not a chance. Oh, and the company blames its preannouncement, its first during this down cycle, on delayed orders and spending cuts in Asia. Duh! (Interesting paradox, though; AMAT's balance sheet remains the picture of health, so strong that don't be surprised if value investors, with stomachs of steel and a penchant for patience, load up if the stock goes down.) Herb running out of things to say? GM