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

To: Robert O who wrote (26625)	11/23/1998 3:24:00 PM
From: Gottfried	Read Replies (2) \| Respond to of 70976

Robert, that's good news. Sue Billat's track record? G. [end]

To: Robert O who wrote (26625)	11/23/1998 4:01:00 PM
From: Jeffrey D	Read Replies (1) \| Respond to of 70976

WOW!!!!! Hope she is right. Still have a supply of those "I Love AMAT" bumper stickers for those Bears out there. Jeff

To: Robert O who wrote (26625)	11/23/1998 8:27:00 PM
From: Ramsey Su	Read Replies (1) \| Respond to of 70976

a valuation which we believe is conservative relative to its prior peak, a multiple of 38x. Robert, per Zacks, the average PE for AMAT the last 5 yr was 20.8, so I don't understand this 38X projection. Under current market sentiments, I think may be 60X is more reasonable. Therefore AMAT should easily be $120 or more within the next 12 months. Seriously, I am stunned by recent market behavior and have been liquidating. At this pace, I may be 100% cash by Thanksgiving. There is really nothing significantly different between 9300 earlier this year, 7400 a couple of months ago and 9300 again now. I can give everyone a rerun of all the same reasons for being bearish but that would be just as nauseating as repeating the same bullish crap over and over again. J Morgan's own projection for F2000 revenue was $10 billion about a year ago. Robbie Stephens is now saying that AMAT will miss Morgan's estimates by a measely $5 billion and therefore we should buy. Every thread on SI got horns longer than those on Clinton's forehead. Anyone worried about this contrarian indicator? Ramsey