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To: orkrious who wrote (260869)	9/18/2003 7:27:07 AM
From: orkrious	Read Replies (1) \| Respond to of 436258

look at this sh*t. don't they know this rally is getting long in the tooth? a $75 dollar target with an all time high around $90. morons 07:21 ET KLAC KLA-Tencor added to JP Morgan's Focus List (57.41) JP Morgan adds KLAC to their Focus List and sets a $77 target; shares are trading at a modest premium (17.2x) to the group (16.5x) based on their 2005 est, and also trade at a substantial discount to AMAT (23.6x) and NVLS (32.0x), which they do not believe is indicative of the co's attractive business model and earnings power; also, firm says margins are poised to significantly exceed consensus, checks suggest KLAC will receive large orders from Samsung and other Asian customers in Q3-Q4, co should deliver historically high cyclical growth based on pricing power and increasing process complexity, and return metrics and earnings quality exceed all peers. Target is $77.