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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: orkrious who wrote (2605)	11/1/2001 5:56:18 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 99280

Jay, this reaffirmation does not justify a price of $44 for KLAC. Look at it another way, no more "good news" on it for a little while, and your short already included this news, thus, you "sold the news", is that not what you are supposed to do? KLAC is already giving back a little of today's gain in AH. Zeev

To: orkrious who wrote (2605)	11/1/2001 6:30:06 PM
From: The Freep	Respond to of 99280

I dunno, Jay. As Zeev has already said, I think the "good news" is priced into KLAC now, more or less. And let me reiterate their good news: ``We feel pretty good about a flat quarter-on-quarter,'' Kispert said. Now, I admit that if I coulda just had flat quarter over quarter comparisons in my portfolio starting back at the end of 1999 til now, I'd be happy too. <g> But otherwise, I am not convinced this implies a V recovery in the semis if the assumption was, as Robbie Stevens said this morning, that last month marked the bottom. September bottom followed by a flat quarter? Interesting V. the freep

To: orkrious who wrote (2605)	11/1/2001 8:07:36 PM
From: Alastair McIntosh	Read Replies (1) \| Respond to of 99280

Jay, let me re-write KLAC's PR to say what they really meant: KLAC confirms drop in sales and profits: NEW YORK, Nov 1 (notReuters) - The chief financial officer of KLA-Tencor Corp. (NasdaqNM:KLAC - news) on Thursday reaffirmed the dismal forecast for second fiscal quarter earnings and revenue expectations announced earlier this month. Revenues are expected to be only about 72% of first quarter revenues. Profits will drop even faster to about 54% of the first quarter results. These results are particularly dismal considering that KLA-Tencor president and chief executive officer Ken Schroeder recently pointed out (Oct 18) that the September quarter is typically the slowest of the year. John Kispert, CFO also confirmed that there appears to be no indication of any increase in orders for the second quarter. Kispert noted that this was the largest percentage quarter over quarter revenue decrease in recent years. Al