KLA-Tencor Corporation (KLAC) Message Board

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Technology Stocks : KLA-Tencor Corporation (KLAC)

KLAC 1,194

-1.1%

Nov 7 9:30 AM EST

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To: James Calladine who wrote (1489)	8/10/2000 1:48:34 PM
From: Ian@SI	Read Replies (2) of 1779

Fairly simple. The institutions and the fund managers (otherwise known as the funddumbs) have decided that the current cycle is rapidly approaching a peak or is over. None of them are yet able to do simple arithmetic. With chip sales approaching $300B, at least $60B CapEx is warranted. Given the last couple years of underinvestment, closer to $100B is probably needed to bring supply back in balance with demand. Instead, the sector will probably see less than $40B investment this year aggravating the supply - demand imbalance. At some point, the market will get it right. Until then, enjoy the buying opportunity that is being presented. Ian.

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