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Technology Stocks : Kulicke and Soffa

KLIC 47.60

+4.5%

2:51 PM EST

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To: Ian@SI who wrote (2726)	3/16/1998 9:46:00 PM
From: Fred McCutcheon	Read Replies (2) of 5482

Picked this up on the Cymer thread: Message 3729216 There may be fewer fabs being built but it seems that there is still a growing demand for chips in total which all need slicing, bonding, testing and packaging. The market seems focused on the fabs rather than the back end processing where the B to B is over 1.1. K&S seems to be the leader of the back end processing so why does it sell at less than 15 times earnings?? Fred

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