Kulicke and Soffa Message Board

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Technology Stocks : Kulicke and Soffa

KLIC 40.23

+0.8%

Nov 3 3:59 PM EST

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To: Gottfried who wrote (5339)	9/10/2003 12:01:47 PM
From: Proud_Infidel	of 5482

FWIW: 11:54AM Kulicke & Soffa defended by Morgan Stanley (KLIC) 11.55 -1.35: Morgan Stanley believes that downside is limited for KLIC and the shares would be attractive on weakness; although the co's mid-qtr guidance seemed disappointing (co reiterated guidance for flat sequential revs vs their expectation that guidance would be raised to +5%), firm believes demand is indeed picking up, but some of the deliveries are sliding into Oct from Sept as the co rushes to build manufacturing capacity; also, the shares are trading at 1.2x trailing sales, which is significantly lower than the group avg of 4.5x sales, and firm thinks downside is limited to around 1.0x trailing sales.

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