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

To: Duker who wrote (23839)	9/5/1998 6:49:00 PM
From: Big Bucks	Read Replies (1) \| Respond to of 70976

Duker, www1.zacks.com bigcharts.com bigcharts.com If one believes that earnings will go down due to $$ sales going down then the price should follow if the number of shares available remains the same, otherwise a high PSR and PE ratio isn't justified in a decreasing sales and earnings environment. I would expect that AMAT should soon announce further stock buy backs to bolster the stock price. I expected that they would do it somewhere as the price reached around $24. If they don't this is extremely bearish as it means that management is anticipating much lower prices at which point they will initiate a buy back and remove excess stock from the float. The last quarterly statement or conference call indicated that AMAT did not buy back any shares during Q3, a very bearish indicator at that time. Just my opinion, BB