To: Knighty Tin who wrote (47549 ) 2/17/1999 3:23:00 PM From: Knighty Tin Read Replies (3) | Respond to
To All, The Amat disaster: 1. Sales down 43% year over year. What a recovery. <VBG> 2. Net income 42.5 million vs. 197.8 million. 3. New orders down 25% year over year. 4. Margins were down, but that is to be expected in such a lousy quarter in relative terms. 5. They actually are gaining market share. And some buggy whip co. must be gaining market share in that market. <G> 6. Despite previous announcements to the contrary, this co. is tied to a DRAM recovery. In other words, they are dead meat over the next couple of years because there is no recovery likely. 7. Healthy pc demand? Tell it to the boxmakers and the revenue numbers. Ain't happening. Do I think Amat is lying? Nope. I just think the hype the industry is tossing around has even fooled an experienced player like AMAT, mainly because they want to believe it. 8. Strong US economy? Unbalanced and totally based upon indebtedness. Yup! Sustainable. NO way. 9. R&D declining. Uh, I thought the future was so bright they had to wear shades? 10. TAxes down big time. Again, no surprise given how lousy the quarter was. 11. Receivables down pretty strongly and inventories basically flat. This is the way an honest co.'s balance sheet looks during a downturn.
