Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Iceberg who wrote (25615)	10/22/1998 6:41:00 PM
From: Dr. Bob	Respond to of 70976

Ice, Insider trading seems unlikely, since it was a move in the entire sector. A large organization going long on the sector, or covering a major short position on the sector seems more likely. Sometimes brokerage houses upgrade a number of companies in a sector all at the same time, too, and this news goes out to its clients a day before it gets to the general public, as another possibility. Bob

To: Iceberg who wrote (25615)	10/22/1998 6:41:00 PM
From: Chavez6	Read Replies (2) \| Respond to of 70976

Here is why AMAT is up. Semiconductor capital equipment companies rose today on positive comments from one industry executive. Douglas Schatz, the chairman and CEO of semiconductor capital equipment power supplies manufacturer Advanced Energy Industries (Nasdaq: AEIS), reportedly told analysts in a conference call today that he sees the capital equipment sector hitting bottom in Q4, providing a glimmer of hope that the long-suffering companies in the industry will see brighter days in calendar 1999. Advanced Energy, which also reported a Q3 loss of $0.06 per share (excluding charges) today -- above the mean estimate of a loss $0.13 per share -- climbed $2 7/16 to $10 3/16. Since the company is a supplier to capital equipment leader Applied Materials (Nasdaq: AMAT), its comments are given credence on the matter of a cyclical turnaround. Applied, which reports earnings in early November and will be the next important data point for the industry, rose $2 9/16 to $32 7/8. Lam Research (Nasdaq: LRCX) added $1 3/4 to $14 1/4, and KLA-Tencor (Nasdaq: KLAC) gained $3 1/8 to $32 9/16. Ed