Kulicke and Soffa Message Board

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Technology Stocks : Kulicke and Soffa

KLIC 40.87

+4.7%

Nov 21 9:30 AM EST

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To: Donald L. Dominicci who wrote (3152)	12/11/1998 8:49:00 PM
From: HoodBuilder	Read Replies (1) of 5482

Don, you're a wild man. As you now know your post of 12/8 was slightly premature. Jay D. at Morgan Stanley is a well respected semi equip analyst and today's downgrade was over due in my opinion. The recent FROTH in the semi equipment sector is just FROTH. There's NO fundamental reason for the lift in stock prices other than the street perceives the chip sector strength as a leading indicator of semi equipment strength. This would sound logical, however, what people fail to realize is that the Korean's are building DRAM inventory as we speak and I would expect that when the price gets high enough they'll dump all that inventory onto the market and you'll see DRAm prices plummet and take the wind out of that chip sub-sector. The chip makers are not going to let happen what happened two year ago, i.e. large cap ex as a % of revs. I do not dissagree with your statement that KLIC will be back, I just don't think it will be in the near term. When I hear "ORDER FLOW" I'll buy and not before. Just because a stock is cheap doesn't mean it's undervalued. I won't profess to have all of the answers and there are a lot of folks who know a lot more about this sector that I but for now I feel better watching my money grow a paltry 100%/year in stocks like HD & SGP. Regardless of chip demand "Joe Sixpack" will buy 2x4's and power tools and my kid's allergies ain't goin' away anytime soon. These stocks might not be Peter Lynch 10 baggers but I don't risk giving back 12 months worth of growth because Andy Grove sneezes. BTW my tech plays include CSCO and CPQ although I'm starting to think about winding out of CPQ as pretty soon they'll be paying people to use their computers. Come on, how do you make money selling a $700 box.

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