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

To: Gottfried who wrote (25597)	10/22/1998 2:06:00 AM
From: Jeffrey D	Respond to of 70976

From Briefing.Com Tech Stock Analysis for 10/22/98. Jeff Semiconductor Equipment All of a sudden investors can't get enough of these stocks, as chip equipment sector has moved from chicken sh-- to chicken salad seemingly overnight... No evidence of a bottom, just typical earnings season optimism... While momentum could carry group another 5%-10% higher over the near-term, focus will shift back to lousy earnings visibility in a few weeks... When it does, investors sucked in by the current updraft will feel pain.... That said, we still like long-term prospects of Applied Materials (AMAT), Etec Systems (ETEC), KLA-Tencor (KLAC) and Teradyne (TER)... It's just that recent recovery has fully priced in modest improvement in industry conditions... As such we would hesitate to commit new money to the group now. Asyst (ASYT) reported a much wider than expected loss on a sharp drop in revenues... Company lost $0.63 v. estimate of -$0.35... Street has overlooked group's lousy results on assumption its old news... Don't do the same. >>

To: Gottfried who wrote (25597)	10/22/1998 7:10:00 AM
From: Joe S Pack	Read Replies (2) \| Respond to of 70976

Gottfried, It seems IBD changed their format since this week. They no longer report the institutional ownership for NASDAQ stocks. The last one was last week which Paul report (375). They started reporting ranking (A - E) which I am not sure how they get. So I won't report that lagging indicator in future. I cancelled my IBD subscription as most of their things are useless or outdated in this on-line era. My main focus right now is Banking/brokerage (for long haul) sector. AMAT amazes me with low btb and often repeated mantra "we are stable". All the best. -Karun

To: Gottfried who wrote (25597)	10/22/1998 10:25:00 PM
From: Paul V.	Respond to of 70976

Gottfried, Paul, nice find. The interesting part is >Applied's CMP division urged an early adoption of Oracle to cope with a 60% forecasted growth in production within the next nine months.< VERrRY interestinck! Yep, I thought you would be interested.<g> Maybe, this is what the mutual funds have seen and why AMAT's price is running up. Paul V.