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

To: Gottfried who wrote (26103)	11/10/1998 9:17:00 PM
From: John L.	Read Replies (1) \| Respond to of 70976

If Intel is doing so well why are they continueing there reduction of employees? Is the capital expenditure number, $4.2 Billion including the DEC aquisition higher than previously announced? Intel sounds like they are having a good couple of quarters, but they seem timid in there spending. If Christmas sales are weak we will have backlog like last year causing another slowdown. Sounds like Intel will spend after they see better times down the road, AMAT may fly tomorrow but Nov. 17 will determine the short course being up or down. AMAT will fly high again after the turmoil and oversupply in chips run there course, I just don't see that happening tomorrow. Maybe we will not see the 20's again this downturn but with conditions in Japan and Asia still uncertain at best I will wait to hear what Captain Morgan has to say before jumping on the runaway train.

To: Gottfried who wrote (26103)	11/10/1998 9:28:00 PM
From: Ramsey Su	Read Replies (5) \| Respond to of 70976

GM and all, I have decided to start liquidating all my equities and for the first time since I started investing, I am considering going 100% cash within the next few weeks. The irrational exuberance is everywhere, not only here. INTC's news is nothing more than saying that business is really not as bad as we originally thought but it is still down from last year. Heading into 1999, what type of business environment can we expect? There used to be a lot of global discussions on this thread. Has everyone just assumed that Asian turmoil is over, Russia is back in business and Brazil is just fine? I don't mind sitting on my hands while Yahoo, Amazon orbit at levels higher than John Glenn. At least I know I still have whats in my shoe box in case the market decides to come back down to earth. Ramsey