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Technology Stocks : KEMET Corp. -- Ignore unavailable to you. Want to Upgrade?

To: Ron Harvey who wrote (857)	1/4/2001 10:32:15 AM
From: BWAC	Respond to of 906

This should help biz.yahoo.com KEMET Expects Record Sales and Earnings for Third Quarter of Fiscal 2001

To: Ron Harvey who wrote (857)	1/4/2001 11:15:32 AM
From: Dave Gore	Read Replies (1) \| Respond to of 906

(COMTEX) B: KEMET Expects Record Sales and Earnings for Third Quarter of Fiscal 2001 KEM should be fine. Incredibly low PE. Doing better than VSH. It is the type of stock that should do well and the type that value investors should gain much more confidence in as we go forward. I expect good things with the rate cut. GREENVILLE, S.C., Jan 4, 2001 /PRNewswire via COMTEX/ -- KEMET Corporation (NYSE: KEM) announced today that based on preliminary results it expects to achieve record sales and earnings for the third fiscal quarter ended December 31, 2000. This is consistent with the company's expectations for the quarter announced in the October 23, 2000, second quarter earnings release. "I am pleased with KEMET's excellent results for the sixth consecutive quarter," stated David E. Maguire, Chairman and CEO. "Concerns over an economic slowdown have raised questions about our business in the last few months. While we have experienced some order cancellations, attributable primarily to inventory adjustments by our customers, we remain positive on the long-term fundamental growth drivers of the electronics industry in general and our sector in particular." The company plans to present further details of the third quarter results in the quarterly earnings release scheduled for January 22, 2001. KEMET will make a presentation at the Third Annual Needham Growth Conference at 1:30 PM on Tuesday, January 9, 2001. Instructions for logging into a live webcast of this conference, including audio and slides, will be available via the Internet at kemet.com after 4:00 PM Friday. KEMET Corporation, headquartered in Greenville, South Carolina, is the largest manufacturer of solid tantalum capacitors and the fourth largest manufacturer of multilayer ceramic capacitors in the world. KEMET's common stock is listed on The New York Stock Exchange under the symbol KEM. Company information is available via the Internet at kemet.com. This release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 involving risks and uncertainties discussed in detail in the Company's Securities and Exchange Commission filings and reports, including the Company's 2000 Annual Report to stockholders. Actual results may vary due to these or other risks and uncertainties. SOURCE KEMET Corporation CONTACT: John Warner, Director of Investor and Public Relations of KEMET Corporation, 864-963-6640, or e-mail, johnwarner@kemet.