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To: Darryl Olson who wrote (23595)11/12/1999 10:55:00 AM
From: Darryl Olson  Respond to of 25960
 
RESEARCH ALERT - KLA-Tencor target upped

NEW YORK, Nov. 12 (Reuters) - Lehman Bros. said analyst Ed White raised his price
target on semiconductor equipment maker KLA-Tencor Corp. Friday to $112 from $87.

-- raised fiscal 2000 earnings-per-share (EPS) forecast to $2 from $1.85.

-- KLA-Tencor held meeting for analysts Thursday.

-- management indicated its forecast and Wall Street estimates were too low.

-- cited rapidly changing industry environment.

-- customer placed unplanned order for 25 machines.

-- guidance points to fiscal 2000 revenue boost of $70 million and EPS rise of about $0.14.

-- shares off 3-13/16 at 89-5/16.

Friday November 12, 10:47 am Eastern Time