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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 695.16+0.2%Jan 12 4:00 PM EST
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To: Johnny Canuck who wrote (35559)12/17/2001 1:20:28 PM
From: Johnny Canuck  Read Replies (3) of 69703
 
13:04 ET KEMET Corp (KEM) 18.46 -0.02 (-0.1%): Announces that will cut 1600 jobs and take a $25 mln charge in the Dec qtr; annualized cost savings are estimated to be about $30 mln.

[Harry: Wireless demand can't be that good on the handset side. KEMET makes analog discrete components. There was not over building of capacity since the barriers to enter are low and margins are traditionally low. Given that more layoffs are expected, the projected demand going forward must be weak.]
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