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

To: Skeeter Bug who wrote (28314)	2/16/1999 11:46:00 PM
From: Ritz	Read Replies (1) \| Respond to of 70976

Skeeter: Re: "the last time amat had sales equal to this q's bookings, how much did they earn and what was the stock price?" You seem to miss the point. The stock price was in the dumps then because orders, along with the rest of the industry, were tanking. The 1.38 BtB is the indicator of what point in the cycle we are in and what direction orders are going. Historically stock prices in this industry have always always followed the DERIVATIVE of a function of ORDERS (you may refer to this as Ritz's Law...<ggg>). Never P/E or anything like that..... AMAT may be ahead of itself for the time being (then again it might not) but if sequential orders continue their upward slope 6 months from now we are much more likely to be closer to 90 than 50, IMHO. -Ritz