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Technology Stocks : KLA-Tencor Corporation (KLAC)
KLAC 1,124-0.9%Nov 18 3:59 PM EST

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To: Math Junkie who wrote (1416)6/18/1999 3:42:00 PM
From: Ian@SI  Read Replies (2) of 1779
 
It's a cyclical stock. As the earnings increase near the top of the cycle, the multiple awarded goes down.

You have a little more research to do on this sector in order to avoid being very disappointed once the cycle comes to an end, as it inevitably will.

Ian.
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