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Technology Stocks : KLIC Holders

KLIC 39.48

+2.8%

Nov 5 3:59 PM EST

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To: Bob Zeleznik who wrote (5)	2/20/1996 12:53:00 PM
From: Jim Tao	of 74

Bob, I wish you were right about KLIC bottom out around 15 even though I bought in a much higher price. But I don't see how and why it could happen. It s only traded at 6 to 7 p/e and if it goes down to $15 then the p/e will be 4.9 to 5.2..... with a growth of EPS about 30%, it is a gift. It could remain in the $19 to $22 range till the next quater's earnings report if the overall enviroment is not in favor of tech stocks.

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