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

To: Ramsey Su who wrote (23292)	8/25/1998 9:37:00 PM
From: akidron	Read Replies (3) \| Respond to of 70976

And the reason its worse is that nobody is going to lend fabs the money to expand into ever greater losses.

To: Ramsey Su who wrote (23292)	8/25/1998 9:47:00 PM
From: 16yearcycle	Respond to of 70976

"the difference between now and 1996 - the outlook is a lot worse and AMAT is trading at over twice the 1996 low." This is from my previous post: "This isn't 1996. We now know the bounce in business occurred on the back of obscene borrowing. We also now know that management is terrible at projecting business turns. Savvy investors will ignore everything and buy based fundamental business valuations." I agree with your comments. However, I continue to contend that the price has stayed swollen because everyone knows the stock bounce will be big, and because we are much closer to a huge upsurge in business than we were in 1996. Those two factors are enough. Savvy investors will ignore everything and buy based on fundamental business valuations. I currently, since ~36 two weeks ago, hold no shares of amat.