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

To: Proud_Infidel who wrote (22369)	8/1/1998 12:44:00 PM
From: Teri Skogerboe	Read Replies (1) \| Respond to of 70976

BK, Yesterday's trading could have been anything. Not much can be discerned from one day's trading. As for thinking before posting, if that's the best bull case you can come up with after having all this time to ponder the issues, I'd look into CDs. Those "arguments" (very liberal use of the term) were not helpful the first time you made them, much less the 50th time.

To: Proud_Infidel who wrote (22369)	8/1/1998 2:38:00 PM
From: Teri Skogerboe	Respond to of 70976

pubs.cmpnet.com Story updated at 5:15 p.m., EDT/2:15 p.m., PDT, 7/30/98 Chip sales could fall lower if economies weaken, says report SCOTTSDALE, Ariz -- Worldwide semiconductor revenues will drop 12% to $121 billion compared to $137 billion in 1997, but the decline could be as much as 15% if the world economies suffer additional setbacks in the second half of the year, according to a new forecast released today by ICE Corp. here.

To: Proud_Infidel who wrote (22369)	8/1/1998 8:31:00 PM
From: Big Bucks	Respond to of 70976

BK, I couldn't resist responding to your post. I think that those who are buying AMAT now are speculating that the company will beat its' recently reduced numbers which will be released in about 2 weeks. The rest of the semi-equip stocks have already released their numbers for the quarter and their prices have responded to the weakening sector fundamentals. There is no other compelling reason for the stock to increase at this time of decreasing B2B and production overcapacity. Layoffs seem imminent since the business just isn't there. Even Morgan stated that there are zero new fabs being built at this time, I hardly think that this is a "growth" environment. FWIW, I sold most of my short term position on Friday and will wait for some positive events/news that the industry/business conditions are improving unless the stock again drops somewhere below $26, which could happen in Oct/Nov or if there is a market melt down due to Japan or if China devalues its' currency. Just my opinion, BB