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

To: Gottfried who wrote (25256)	10/13/1998 5:29:00 PM
From: Ian@SI	Read Replies (2) \| Respond to of 70976

GM, RE: Intel's reduction in capex from 4.5 to 4.2 billion doesn't look positive... I believe INTC's 1998 year ends in December, so the $300K reduction applies to the last 4 months as well as the next 2. I suspect that it was already well understood by the street. FWIW, Ian.

To: Gottfried who wrote (25256)	10/13/1998 5:30:00 PM
From: Justa Werkenstiff	Respond to of 70976

GM; You have to consider PFE's miss for the direction tomorrow. They blew their quarter by a nickel. Not good as big boys will wonder who is next? If PFE can't make numbers, who will?

To: Gottfried who wrote (25256)	10/13/1998 7:14:00 PM
From: Paul V.	Read Replies (1) \| Respond to of 70976

Gottfried, But, this market is so emotional anything might happen tomorrow. Agreed. Today's IBD had the R/S for AMAT up to 65 for Friday which is the highest it has been since February '98. However, the number of Funds owning were down from 378 to 375. The R/S figures probably were based on Monday's action. Naturally, the above is only my opinions and the data which I have reviewed from the IBD. Readers are reminded the old saving, "caveat emptor (buyer/reader beware)." Paul V.