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

To: blake_paterson who wrote (26067)	11/8/1998 9:54:00 PM
From: Dr. Bob	Read Replies (1) \| Respond to of 70976

blake, I'm with you. AMAT's going to have a hard time breaking 40, IMO, in the next 6 months. There just isn't much reason to believe many new fabs are going to get built for awhile. I was bullish on AMAT in the low 20's, based on its ability to double or triple in a couple years, but now the best it could do in a couple years is a double. That's not bad, of course, but it doesn't leave much upside in the short term. I'll be very surprised if we don't get another opportunity to buy in the low 30's in the next couple months, or in the high 30's in the next 6 months. Bob