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

To: Proud_Infidel who wrote (4538)	11/5/2000 2:19:00 PM
From: Red Dragon	Respond to of 5482

I do not recall any "reckless proclamations" by SK. Brian: You posted SK's proclamation yourself: Message 14151036 The tone of his words is not particularly reckless, but in countless public interviews, he implied that growth would continue and the top would not happen until at least 2002. There are other interviews where he is even more bold than the one you cited. And again, this is not the first time, as he misled investors during the previous top as well, as I have already posted: But few seemed to pay any mind to Kulicke's pleas. On the conference call, an analyst pointedly reminded the CEO that he issued the same assurances a few months prior to the industry's last downturn a few years back smartmoney.com ********************* Since he is a lifelong insider of the notoriously cyclical semiconductor industry, he should know better than to make such lengthy forward looking statements. That is reckless. Why is that a big deal? Because he is the CEO, and many, many people were reassured by his comments, and traded accordingly. Browse back at this thread around that time and see for yourself. I agree that many shareholder lawsuits represent an abuse of the system. In this case, however, I believe SK breached his responsibility to his shareholders. He has to learn to make more responsible** statements. He won't be ousted by his family...errr, the Board of Directors, so perhaps the only way he will learn his lesson is to deal with a nuisance lawsuit. I just don't want him to mislead shareholders again in the future (including myself)