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

To: Teri Skogerboe who wrote (21986)	7/20/1998 7:10:00 PM
From: Ramsey Su	Respond to of 70976

Teri, add IBM and Harris to the list of chip woes. Ramsey

To: Teri Skogerboe who wrote (21986)	7/21/1998 12:28:00 AM
From: Hank Stamper	Read Replies (1) \| Respond to of 70976

Regarding AMAT's price holding up in the face of 'bad' news: I too have been thinking about the high valuation of AMAT. Eugene K. has written several times, if I recall correctly, the opinion that it will take a market-wide correction to shake the higher-than-rational valuation of AMAT. We have had 1) a consistent and unrelenting diet of bad news with 2) no visible end in sight and AMAT still trades at slightly above 30 for the past two weeks off of a dip into 26. What more will it take, save a market-wide correction? David Todtman