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

To: Gottfried who wrote (24982)	10/7/1998 1:02:00 AM
From: Gottfried	Respond to of 70976

All, [edited] a KLAC engineer talks about the industry on Motley Fool... excerpt During this peak, the Fool made its infamous purchase of KLAC. (It also purchased Applied Materials (Nasdaq: AMAT) at the same time, but subsequently took the loss on that stock.) [snip] We are very fortunate that K.T. management had such foresight and began cost-cutting measures soon after the news of the pending Asian implosion broke in October of 1997. Soon after the news broke, the CEO of Applied Materials appeared on CNBC and opined that the Asian crisis would amount to a mere road bump in its business plan. Clearly, it is much, much greater than that. As a result of his mistake, Applied Materials has had to cut 30% of its workforce (and has indicated it may cut more). fool.com fool.com GM a two part piece