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KLIC WARNS-BIGGER LOSS- not great news but IMO NOT TO surprising as klic sells big ticket item and one cancellation always kills them. i really think its a special situation as klic numbers are always exagerrated on the upside-stock hit 52- and on the downside. klic does 80%per cent of business from asia. here we go again, in 1996 i bought klic at 17 and the stock bottomed out at 10 then went to 50. also, book to bill was sequentially better and thats what i have been telling people. again, semi business nothing great-but hey it sucked three months ago. now , imo its a valuation concern and i think smart money is buying because stock prices in relative to book, price to sales, is not unbelievable cheap but compared to the market semi stocks are trading at a significant discount. THEIR WILL MORE PRE ANNOUNCEMENTS. but, it hard to figure this market out. last quarter, everybody warned and everything rallied--ex-klac warned and the stock rallied to 42-its now 27-nvls pre announced next quarter would be down 10% and the stock was up three to 48-its now 35. i still like klac, nvls, lscc, the strongest. i like amat, klic, lrcx, ltxx, qual, idti, alsc on any weakness. it will be very intersting tpo see what klic does today. |
