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

To: zsteve who wrote (24270)	9/14/1998 6:44:00 PM
From: Gary Burton	Read Replies (1) \| Respond to of 70976

In listening to Michael Murphy tonight, apparently Starr is NOT finished--there will soon be separate reports on Whitewater, Filegate etc etc--this is not priced into today's rally The "is that all there is' rally looks to be over.

To: zsteve who wrote (24270)	9/14/1998 9:47:00 PM
From: Jacob Snyder	Read Replies (3) \| Respond to of 70976

Cymer at 8 and change --- amazing It's a company with a near-monopoly, selling things essential to the next generation of fabs, and has a pile of cash big enough to survive a downturn of any length. And there are no buyers. None. Semi-equips showing relative weakness. The article wasn't good news. It just repeated the consensus that the turnaround won't happen till the second half of 1999--and didn't offer any new facts. It projected (guessed would be a better word) that cap-equip spending might be up a bit in 1999, from 1998's poor performance. These stocks are like coiled springs, and they just keep on getting compressed further. At the bottom, the happy investors with cash (or holding drug stocks) will buy from people getting margin calls.