jtechkid,
I've obviously agreed with much of your sentiment, but you are unfair to question the credibility of KLIC's management. This cancellation came absolutely out of the blue. Intel has been reiterating its plans to maintain capital expenditures to everyone who would listen, and even now has not announced plans to reduce, though that is obviously the case. I don't know how you could expect management to have seen this coming. Certainly, as you have been saying (and I did too), the semi equipt sector is not a good place for investors with a short term horizon right now, and KLIC in particular, because it leads the downturns. But when the time is right, KLIC is the first company to buy into, both because it leads the upturns, and because it has solid management.
Bob |
