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

To: mishedlo who wrote (24101)	1/23/2002 6:06:41 PM
From: Sully-	Respond to of 99280

18:02 ET Siebel Systems (SEBL) 34.80 +2.18: -- Update -- On call, Tom Siebel says that there was a significant change in buying behavior in the CRM business in Nov/Dec, and it has continued in January; calls it a return to rational business processes and buying behavior; is optimistic about 2002. 18:02 ET S&P Index Changes II : ACE Limited (ACE) will replace Westvaco Corporation in the S&P 500 Index; S&P SmallCap 600 component Copart Inc. (CPRT) will replace Rational Software in the S&P MidCap 400 Index. eFunds Corp. (EFDS) will replace Copart Inc. in the S&P SmallCap 600 Index. 18:00 ET S&P Index Changes : Rational Software (RATL) will replace Niagara Mohawk Hldgs Inc. (NMK) in the S&P 500 Index after the close of trading on Thursday, January 31 -- Mead Westvaco (MWV), the company formed by the merger of S&P 500 components Mead Corp. (MEA) and Westvaco Corporation (W) will replace Mead Corp. in the S&P 500 Index on a date to be announced. 17:53 ET Quintiles Transnatl (QTRN) 14.95 -0.30: Reports Q4 (Dec) earnings of $0.14 per share, $0.03 better than the Multex consensus of $0.11; revenues fell 1.4% year/year to $404.0 mln vs the $416.5 mln consensus.

To: mishedlo who wrote (24101)	1/23/2002 6:16:11 PM
From: The Freep	Read Replies (2) \| Respond to of 99280

Mish -- can you do me a favor? Tell me what products INTC is going to buy with their Capex money. Tell me what percentage of KLAC's revenue comes from Intel. Tell me if KLAC products are bought for new semi plants coming on line or if they are bought to upgrade existing plants. Tell me how the industry move to 300mm impacts KLAC as opposed to, say KLIC or AMAT or NVLS. Not all semi equipment makers are created equal nor are they in the "same" business, per se. KLAC may be wildly overvalued (I wouldn't buy it), but I am quite sure that their CEO knows more about their business and prospects than you do. Also, I wouldn't call KLAC's forward projections particularly bullish -- merely that the worst has passed. I'd like to know why you're calling the KLAC leadership liars. So please see if you can answer my questions above before simply responding "Capex is being cut, so KLAC business must be worse. It's obvious." Again, this has nothing to do with stock price. . . merely with your assertations. Thanks, the freep

To: mishedlo who wrote (24101)	1/23/2002 6:19:03 PM
From: t2	Respond to of 99280

that is the biggest FN lie I have seen this earnings season. INTC is cutting back capex You could be right (but KLAC and NVLS were back to back somewhat bullish) but remember Intel went against the grain and spent when everyone else seemed to have been cutting back. I would think there is a chance that Asian customers are the big buyers...that is the sense I got from the cc. I am basically as neutral on this group as I have in months...although AMAT interests me for a trade.(using the logic that the biggest players will gain market share) ---------------------------------------------------- On the other front: The utilities sector moved up today. Late in the day there was a MIR takeover rumor too and the stock started moving a bit. I like the sector as a whole. The bad news seems to have been factored in---my guess. JMHO.