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Technology Stocks : KLA-Tencor Corporation (KLAC) -- Ignore unavailable to you. Want to Upgrade?

To: Jerry who wrote (1525)	10/15/2000 8:08:29 PM
From: JOHN N.	Read Replies (1) \| Respond to of 1779

Apparently there is a consensus that the future of the business that KLAC is in is dropping off. I find it hard to believe considering the number of new semi fabrication operations that are coming on-line in the next year. Even Intel announced they were planning on spending 5 billion on new fab operations over the next 3-5 years. One would thing that KLA could justify more than a 21 PE. Even if growth became half of what it used to be, I would think that the PE would have settled out at 30 or more. Any comments?