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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: The Ox who wrote (17982)	8/11/2004 1:55:27 PM
From: BMcV	Respond to of 95646

More comments on KLIC: cbs.marketwatch.com{07CCF8C2-69FD-4D75-810A-22EA4EFFDC95}&siteid=yhoo Bear Stearns cut its earnings estimates for the company and price target on the stock in the wake of the news. The firm now sees a profit of 63 cents per share in calendar 2004, down from its prior expectation for earnings of $1.03 per share. It lowered its price target to $8 from $11 but maintained a "peer perform" rating, saying it believes fears about front-end overcapacity in the wafer fabrication market are "overblown." Saying the weak wirebonder sales weren't a surprise, Merrill Lynch said customers have really tightened the purse strings in order to prompt a warning this early in the quarter. "The wirebonder business can be fairly lumpy as companies such as the OSAT (outsourced semiconductor assembly and testing) companies place the occasional large order but K&S typically does get a great read on the timing," the firm said. "Therefore, the customers must have significantly slowed their spending plans over the past few weeks to make K&S pre-announce the September quarter before the middle of August. Merrill left its "sell" rating on the shares intact, saying "until we see evidence supporting a return to revenue growth we believe the stock will remain under pressure.

To: The Ox who wrote (17982)	8/11/2004 2:27:12 PM
From: Kirk ©	Read Replies (1) \| Respond to of 95646

Then I agree. I have a forum titled "Stock Gate" on Suite101 that tracks some of the nonsense going on with the SEC where they actually get a fee for allowing effective counterfeit shares for naked shorting despite the efforts of the NASD and SEC to eliminate this practice. They are stealing wealth of small investors and market cap of small companies that might otherwise survive. Some say it is all nonsense, but I doubt Grasso was paid over $100M for nothing. A well disguised wolf in sheeps clothing is what me thinks that regulator was.