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

To: orkrious who wrote (60915)	2/23/2002 11:32:53 AM
From: Lone Star	Read Replies (1) \| Respond to of 70976

Yes, but will that happen? As someone who likes to buy the amat's of the world at a good value, then hold for 5+ years I have waited patiently for this sector to wind down, but so far...

To: orkrious who wrote (60915)	2/23/2002 12:37:45 PM
From: Cary Salsberg	Read Replies (3) \| Respond to 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.