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

To: Gottfried who wrote (21783)	7/14/1998 2:13:00 PM
From: Teri Skogerboe	Respond to of 70976

GM/all, techweb.com Excerpt: In recent weeks, virtually all of Taiwan's fabs have cut their capital expenditure budgets in the face of falling demand for integrated circuits. As fab plans are scaled back, equipment-utilization rates in Taiwan's existing factories are running anywhere from a poor 70 percent to an anemic 50 percent.

To: Gottfried who wrote (21783)	7/14/1998 3:20:00 PM
From: Gottfried	Read Replies (1) \| Respond to of 70976

All, our favorite finance writer says today... Applied antics: Applied Materials (AMAT:Nasdaq) preannounces and the stock barely budges, sliding 15/16 yesterday to close at 28 9/16. Was all of the bad news already in the stock? Were there simply so many short-sellers that they panicked and covered when the stock failed to flop? Were value investors busy buying on the dip? Sure, why not. "It's called a 'value trap,' says one trader. "The company discloses every piece of bad news and the sell side comes out and dismisses it as the worst case of bad news." With Applied now trading at a P/E of roughly 40 on depressed numbers, will this turn out to be another one of those classic traps? from Herb Greenberg at street.com thestreet.com GM