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

To: 16yearcycle who wrote (23291)	8/25/1998 9:05:00 PM
From: Ramsey Su	Read Replies (2) \| Respond to of 70976

Eugene, the difference between now and 1996 - the outlook is a lot worse and AMAT is trading at over twice the 1996 low. Ramsey

To: 16yearcycle who wrote (23291)	8/25/1998 9:08:00 PM
From: Fortinwit	Respond to of 70976

*Sorta OT*: The AMAT cutback was the lead news story tonight on San Francisco's KRON TV (6pm news). They even got the story just about right, calling AMAT a chip equipment maker! Shocking! No additional news except they reported that the downturn was expected to last 2 more years and that job losses in SV are starting to outstrip new hires. F.

To: 16yearcycle who wrote (23291)	8/25/1998 9:26:00 PM
From: Justa Werkenstiff	Read Replies (1) \| Respond to of 70976

The August 1996 layoff announcement did nothing to the stock in subsequent days. As you note, there was a brief dip in early September 1996, but it was less than 10% from the closing price on the day after the layoff announcement. So no big deal. The closing low for 1996 was not in early September 1996 as stated. It was actually on July 24, 1996 at a post split $11.25 and was the same day of the intraday low. Remember the Garz sell signal? Same day as the AMAT lows. In any event, AMAT slowly rose in price from that September 1996 dip without looking back until she gapped up in November 1996. I am not suggesting that history will repeat itself.