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To: marginmike who wrote (52354)9/3/2002 2:17:26 PM
From: Paul Shread  Respond to of 209892
 
14:12 ET KLAC edges up on guidance 31.47 -1.40: Stock has ticked up about $0.25 following wire reports that co sees Q1 orders flat to down 15% vs previous guidance of flat to down 10%. While the comments would appear negative on first take, investors seem to have been prepared for lowered guidance by recent cautionary comments out of brokerage firms. For example, Piper Jaffray last week said it expected KLAC to show a 10-15% sequential decline in orders.


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