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

To: scott_jiminez who wrote (4523)	11/4/2000 9:16:33 AM
From: scott_jiminez	Read Replies (1) \| Respond to of 5482

Now let's hear it for ' ad nauseum'..... The data, comments, and history provided in my previous post shows that the current analyst attitude towards Klic could not be more negative . In fact, if you dig even deeper you find opinions that Klic is losing out to its competition and that wire bonders are very, VERY close to becoming a cute historical artifact (Needless to say the latter opinion has been extant for at least a decade. Needless to say those close to the industry have expressed with confidence that bonders will be essential for the industry for AT LEAST another 5 years.) For the past 6 months we have read on SI SEM threads how analysts are an unbelievably clueless cadre of folks who submit opinions that are self-serving and superficial at best and after-the-fact more commonly. Moreover, we have been told *ad nauseum* that when analysts form a tight consensus in any one direction, investors should do the opposite. Well here you have it, Brian and Ian and Cary et al. - the analysts' opinion of Klic could not be more of a single voice and it could not be more negative. Since 3 August there has been 1 upgrade, 1 reiteration, and 15 downgrades of the stock. Analysts are coming out of the woodwork to provide reasons why the company (management and products) is looking very, very bad and the future is bleak. Earnings estimates have been cut by ~20% for FY2000 and have been slashed by more than 50% for FY2001. So the opinions towards Klic has hit this negative crescendo; in many ways this consensus parallels the growing negativism towards the sector. The consensus on SI is that the analysts don't have clue about the future of the equipment sector. BY LOGICAL AND DEDUCTIVE REASONING ONE MUST CONCLUDE THAT THEY DON'T HAVE A CLUE ABOUT KLIC EITHER... ESPECIALLY ESPECIALLY ESPECIALLY SINCE THEIR OPINION TOWARDS KLIC IS NOW SO UNIFORM IN ONE DIRECTION. According to a virtually unanimous opinion expressed on SI over the past 4-6 months (in reference to the sector), whenever analysts reach such a uniform consensus of opinion, it's time to do the exact opposite. This has been repeated *ad nauseumon countless SEM threads of late. By definition, this implies the current period must be one of the best buying opportunities for Klic...in years. That's right. Right here, right now. But I can here the rumblings now...and Brian's last post here was a prime example of the double standard I'm about to witness. It's the 'Klic is a special case' repeated once again, ad nauseum. Just as Sue Billat (an analyst!!!!!) deserves special recognition because she complied with Brian's desperate need to place Klic in the 'different' corner, I'm sure we're about to be exposed to fancy rationalizations why, in this case, just this once* the analysts are on the mark with Klic. Yes indeed, they're on the mark for Klic and totally off the mark for the sector as whole. To rephrase, as long as they don't say nasty things about AMAT or VECO or KLAC etc..because, if they do...THEY DON'T KNOW WHAT THEY’RE TALKING ABOUT! I get it.