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

To: Red Dragon who wrote (3990)	8/3/2000 9:21:50 AM
From: Les H	Respond to of 5482

Sounds more like surplus capacity or inventory ... `In general, demand continues to be very strong for all our products, but a few of our customers seem to have gotten a little ahead of the industry's growth curve,'' Kulicke & Soffa Chairman and Chief Executive C. Scott Kulicke said in a statement. ``We expect that they will resume their recent order patterns in the near future, and that in spite of this pothole, K&S will continue to report financial results at near record levels.''

To: Red Dragon who wrote (3990)	8/3/2000 3:40:21 PM
From: FJB	Read Replies (1) \| Respond to of 5482

Red Dragon, Congratulations on your KLIC call, it was very prescient. Do you think it represented a buy this morning, or is it dead money until next earnings? Bob

To: Red Dragon who wrote (3990)	8/4/2000 3:16:54 PM
From: Rob S.	Respond to of 5482

"Finally, I wish someone would have asked SK that if he thinks the peak will happen in 2002 or later, why did he and his entire executive staff sell 50%-100% of their holdings in early 2000. In other words, why didn't he put his money where his mouth is? " Can you blame them for selling when hyper-active investors were bidding up the stock to such euphoric levels? I think the semi cycle has much further to go. What makes this a particularly long cycle is the broadening of end user demand for electronics. Past cycles have depended largely on the cycle in a single industry: PCs. The fiber optic/telecom, consumer electronics, PC, other industries are growing rapidly despite the blip from normal summer doldrums. While an argument can be made that we are closer to the end of the cycle than the beginning, most forecasting specialists report expectations for at least 18 months of continued expansion. Perhaps KLIC exhibits more fluctuation in the demand/supply equation because it finds it easier to ramp production than more complex production equipment. From the perspective of investment seasonality, summer downturns in tech stocks is commonly seen and usually registers the lowest point for these stocks. Some studies show that buying tech stock between August 15 and NOV 15 and selling them by June 15 of each year would net the highest level of returns and the lowest incidence of major declines. The time to buy during those calendar periods is when the techs are out of favor and get clobbered. The time to sell them is when everyone loves them and ANALysts are issuing crazy targets (your babysitter or mechanic ask you if they should put all of their retirement funds into them like this past Jan-April).