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


To: Proud_Infidel who wrote (23144)8/20/1998 2:26:00 AM
From: John L.  Respond to of 70976
 
Brian, I think the downward pressure on the stock price will continue until bookings improve. If AMAT is going to make $1/share next fiscal year then the stock price will probably drop to the $20 range. I wouldn't pay a high PE premium on a stock that has earnings declineing for the near term future. AMAT will come back, but the time line is not in sight yet so why jump on a sinking ship, wait until the time is better.