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Technology Stocks : Kulicke and Soffa -- Ignore unavailable to you. Want to Upgrade?

To: Donald Wennerstrom who wrote (3791)	5/19/2000 10:51:00 PM
From: scott_jiminez	Read Replies (2) \| Respond to of 5482

Donald - your posts and your presentation of the data are a powerful demonstration of why the apparent foresight noted in some other posts today should be viewed with great caution. A prudent investor would use the projected earnings as a critical element in determining investing behavior. Thus those who claim wisdom in predicting Klic's decline are at substantial odds with Klic's position as having the HIGHEST combined estimated earnings for FY00 and FY01. In short, the estimated earnings would have lead the wise investor to hold on to Klic, regardless of market gyrations, since if any stock would be expected to hold up well, it would have been Klic. Thus rather than gloating about an accurate prediction, Dragon (and Jerome) should have expressed the same consternation as yourself. It is not altogether surprising that the sector is going through a correction, or pause, in the midst of this upcycle. However, as you state, it remains completely illogical that Klic is performing so badly. I would be very interested in your theory especially if it contains Klic-specific postulations. I am at a loss: the bonder-obsolescence idea has been completely debunked on the Yahoo thread and just about any other theory comes across as quite lame. The volatility of the stock is extreme; perhaps shareholders are aware of the rapidity of the decline in 1997 and are bailing en masse to avoid being caught again. The paradox of this theory is that by doing this they are recreating the performance they were trying to avoid...but without the 'real world' evidence to justify it. Another possibility is that the float is so thin that relatively minor selling creates strong downdrafts but this seems rather lame as well. Thanks for all your efforts. The fact that you find that Klic's recent relative performance 'makes no sense' is consistent with my perception of future prospects for this company.