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Politics : Formerly About Applied Materials
AMAT 119.95-3.5%3:59 PM EST

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To: orkrious who wrote (60915)2/23/2002 12:37:45 PM
From: Cary Salsberg  Read Replies (3) of 70976
 
I stongly disagree that these will become "richly undervalued" or "below their Sept lows."

I think "scary" will still stop above Sept lows and that will not be even undervalued, certainly not "richly."

We have the proverbial greed/fear equation here. There are very few quality companies and these are the best. They are not immune to huge problems in the technology industry, but they will not suffer as much and will lead and prosper greatly from any recovery. I believe that the market has recognized their quality by their high valuations. Quality always breaks down last to levels above the "bargains" reached by most, leads the upturn, and outperforms most others over time.

If you didn't back up the truck at the bottom last Sept, you will get another chance at higher prices. ALTR and XLNX have been and are the most vulnerable because they are the most directly related to comm fortunes.
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