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

To: Michael Ohlendorf who wrote (28568)	2/25/1999 9:07:00 PM
From: Duker	Read Replies (2) \| Respond to of 70976

I would argue that today was one of the best days a SemiCap long could have. The stars are aligning from a business standpoint: orders, capacity, demand for technology, etc. On the other hand, the Market (the same one that brought us low-$20's AMAT, sub-$9 LRCX and $20 NVLS... etc.) voted today. It cast a vote against the SemiCaps. One day does not an investment make. I would rather read about large equipment orders, tightness at UMC and TSM, and solid order activity. Time will tell who is right. But let's not get too worked up about short-term blips ... one way or another ... more often than not the Market is a poor judge of underlying business conditions ... at the trough, in the middle of the cycle, and at the peak. --Duker