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

To: Jeffrey D who wrote (23139)	8/19/1998 9:57:00 PM
From: John L.	Respond to of 70976

Jeffrey, anybody who reacts to analyst upgrade/downgrade is going to make brokerages a lot more money than they make for self. The brokerage makes money by generating trading whether they are good or bad trades. AMAT seems to be a favorite of brokers and seems to not get slammed after poor earnings and outlook. I think some other companies have suffered by indicating poor forward looking vision, AMAT got the benefit of the doubt the last couple of Q's. I have a hard time believing them when they lower earning estimates and retain buy recommendations, where is there credibility.

To: Jeffrey D who wrote (23139)	8/19/1998 10:11:00 PM
From: J. Stone	Respond to of 70976

>>This from a person who has the reputation for correctly "calling" industry movement.<< Yet the sad thing is people listen to what he has to say, if not for a week or so. That said, Kurlak's getting spanked right now on his comments of a few week's ago concerning INTC. There's a trader in my office who can't stand Kurlak, due to some really bad timing on the trader's end. He bought a few thousand shares of INTC a month+ ago at the market's close, and the next morning Kurlak came on and started warning about INTC and the semi-industry. Well, INTC promptly tanked, and it wasn't until today that INTC recovered. The guy's been sweating a tens of thousands of dollars paper loss (and, of course, it's all Kurlak fault! <g>) Well... my guess is that we'll be hearing from Kurlak again here real soon. Either he's going to jump on the "semis are recovering" bandwagen or, more likely, try to burst the industry's recent run-up. regards, JS

To: Jeffrey D who wrote (23139)	8/19/1998 11:22:00 PM
From: Tony Viola	Respond to of 70976

Jeffrey, >>"Kurlak, who upgraded the stock June 4, said in a report the decision to buy Symbios ''may be poorly timed'' because of a slowdown in the market for Symbios' computer chips, used in expensive computer servers.">> All other indications I've read are the opposite, i.e., Intel's new Xeon based servers, which are expensive, are really taking off in sales. Yes I know that Intel has had two bugs: a reboot and an ECC bug in Xeon and/or the chipset for 4-way Xeon servers.However, they're both fixed. Symbios is designed in with at least two chips for SCSI control, so they'll be present on all Xeon motherboards I've seen spec'd so far. Still, there is something very suspicious going on at LSI. Whatever, they got slammed big time. AMAT, OTOH, like a post I just read here, seems to be forgiven/exonerated for a lot of sins, even their CEO saying he has no clue when things may turn up. In fact, they are forgiven much more so than Intel. When Intel decides they have to 'fess up, they get slammed too. How does AMAT do that? Back to Kurlak, he's right maybe as often as he's wrong, but the herd mentality types always seem to remember the times he's right. Come to think of it though, LSI did nothing when he recommended them back in June. Tony