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

To: Gottfried who wrote (25177)	10/11/1998 3:33:00 PM
From: Gary Burton	Read Replies (3) \| Respond to of 70976

Alarming forecast by Forrester Research in this week's Barron's (pg MW3) in Eric Savitz's column----1999 PC spending to increase going into 1999 due to need to toss out older hardware not compliant with Y2K-----BUT---sometime in 1999, trend will reverse to the downside due to companies wanting to avoid 'screwing up' newly Y2K compliant systems--with the result that, overall, calandar 1999 unit growth will be up only 14% and overall $rev growth up only 1.5%---To be then followed in 2000 by a plunge in PC units to below 1999 levels causing $revenue to drop by 14% from 1999 levels--and with zero growth the following 2 years! Anyone for AMAT at $12 -15 and INTC at say $45-50? ---re INTC, Drew Peck is quated in the same column as saying that INTC has its 'fingers firmly in the dike' and that 'it will survive and in the long run do ok but the glory days are probably gone forever'