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To: stockman_scott who wrote (116367)4/11/1999 10:23:00 PM
From: Stefan  Respond to of 176387
 
I am very comfortable as to AMAT. Even if it would double I would not cover. People are buying AMAT and MU on the hopes that the cycle from '95/'97 will repeat itself. The price of AMAT already reflects higher sales than in '96 and I can guarantee you that AMAT will not do better than in '96. We will have to wait till '01/'02 for a nice recovery that is when CU and 300mm will be coming in on line in big way.