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

To: Jacob Snyder who wrote (27332)	12/21/1998 7:26:00 PM
From: Fortinwit	Read Replies (2) \| Respond to of 70976

Jacob/all: ...bought more nvls puts today.. Prudent. Cypress warned today, and FSII missed badly (although their BtB is supposedly 'significantly above 1.0'). Said the CEO: "Although the industry is seeing some signs of improvement, the company remains cautious. Our goal is to effectively manage our assets during the industry downturn while continuing to invest in key strategic programs. With our strong balance sheet, leading technology, and talented workforce, I believe we have the opportunity to become an even stronger company." (This is the current euphemism for a prolonged recovery). To paraphrase your comments: We seem to be awfully high on the right side of the V-shaped recovery, although the fundamentals seem to hint that we are resting in the middle part of a U-shaped recovery. F.