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

To: Gottfried who wrote (23882)	9/6/1998 9:11:00 PM
From: MileHigh	Respond to of 70976

Gott, My charts were bad but your quote was worse! My margin account will be asking for more food soon <g> MileHigh

To: Gottfried who wrote (23882)	9/6/1998 9:39:00 PM
From: Big Bucks	Respond to of 70976

GM, I think people should put the global economic situation into perspective. US corporations have been involved in foreign markets for about 20-30 years with only selective "target" markets and "mega" corporations included in that involvement. The concept of the Global Economy/market has only been recognized for about 8 or 9 years during which time US markets and corporations have attained huge proportions to the benefit of US stock holders and our overall market valuation. The rest of the world is slowing down, the foreign markets are declining and deflation is becoming the norm. To think that the US markets and corporations can continue to grow at the accellerated growth rate that we have experienced over the last 8 years flys in the face of supply and demand reality. If foreign markets for US goods decrease then the impact will inevitably have an economic impact on US markets and corporate earnings of US multi-nationals and smaller companies that supply the supporting "infrastructure" of the multi-national product base. Until there is an upturn in foreign markets, and US products are again in demand, the US economy and US corporations will also feel the economic repercussions caused by the global economic woes. My point is: I expect the US markets to stabilize at a level somewhere in line with world market valuations. It was only 2-3 years ago that our markets were valued at 5000-6000 on the Dow and 600-800 on the Naz. The US economy by itself cannot support the markets at lofty valuations without the benefit of foreign purchases/trade equity. Just my opinion, BB

To: Gottfried who wrote (23882)	9/6/1998 9:50:00 PM
From: Jacob Snyder	Read Replies (1) \| Respond to of 70976

Some New Signs of Recovery On Beleaguered DRAM Front? An INTERACTIVE JOURNAL News Roundup September 4, 1998 As all heads turned toward Wall Street this week, and Microsoft continued to battle with the Justice Department, the troubled memory-chip industry showed signs of straightening itself out. Chip makers world-wide have been hurt by the economic downturn in the Asia-Pacific region and reduced demand from computer makers. In particular, the market has been hurt by a glut of dynamic-random access memory, or DRAM, chips. Japan's Fujitsu Says It Will Close Plant in England, Cutting 600 Jobs (Sept. 4) Hitachi to Post a Huge Loss, its First Since World War II (Sept. 4) Japan's Mitsubishi, Hitachi Cut Jobs at U.S. Chip Units (Sept. 1) Texas Instruments Sells Off Chip Unit to Micron Technology for $800 Million (June 19) First, Mitsubishi Electric and Hitachi, two of Japan's "Big Five" semiconductor makers, Tuesday announced plans to scale back chip-production efforts in the U.S., laying off about 1,000 U.S. employees in the process. Then Friday, Fujitsu said it is closing its semiconductor plant in northeast England, putting about 570 jobs in jeopardy as it searches for a buyer. It was the second recent chip-plant closing in England. In late July, Germany's Siemens said it would close its 1,100-employee chip plant there. Hitachi, Mitsubishi and Fujitsu as well as Toshiba and NEC had all slashed their forecasts for the current fiscal year because of plunging chip prices and difficulties in the consumer-electronics area. In fact, Hitachi blamed a surprise fiscal first-half pretax loss, which it announced during the week, on worse-than-expected conditions in the global chip market, especially DRAMs. It will be Hitachi's first loss since World War II. Meanwhile, on the other side of the globe, two of South Korea's troubled conglomerates, or chaebol, tried to straighten out their chip businesses. Chip makers Hyundai Electronics Industry and LG Semicon announced plans to merge -- although many major details, such as management and shareholder control, have yet to be worked out. Combined, Hyundai and LG supply about 18% of the world's computer-memory chips. Also, Korea's Samsung Electronics said it would halt chip production for two weeks of both 16-bit and 64-megabit DRAMs., marking the fourth time since June that Samsung has halted manufacturing. Jonathan Joseph, an analyst at NationsBanc Montgomery Securities, said that the periodic production halts have helped to boost DRAM prices since they appeared to hit bottom in June. He said prices for both 16-megabit and 64-megabit DRAMs are up by about 30% since June. The consolidation and restructurings come as U.S. producers also try to realign amid the prolonged slump. Micron Technology recently agreed to buy Texas Instruments' remaining DRAM business -- after TI pulled out of its TI-Acer joint DRAM venture with Taiwanese conglomerate Acer. And International Business Machines apparently is trying to get out of the DRAM business, too, according to comments by Chief Executive Officer Louis V. Gerstner in May.

To: Gottfried who wrote (23882)	9/6/1998 10:09:00 PM
From: Jacob Snyder	Read Replies (1) \| Respond to of 70976

GM, Milehigh: The TA does look way ugly. Reminds me of Intel in early June, when it broke below long-term support at 70, and hit 65. I took a large position, and the stock promptly broke back above 70 and stayed there. The AMAT LEAPs I bought on 9/1/98 have already lost 1/4 of their value. No guts, no glory. If the stock doesn't get above 26, and stay there, in the next few days, then the breakdown is confirmed, and we'll almost certainly see the teens. And if that happens I'll triple my holdings of ZPJAH. If the stock hits 26 and stalls, then I'll sell my current position, take my losses (I have huge short-term gains this year overall), wait till support forms, and back up the truck. GM: the NYT writer said you said nice things about me. Thanks for the ego boost, I need one at the moment.