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To: niek who wrote (1286)	10/25/2006 12:15:04 PM
From: niek	Respond to of 43514

Techs tick higher; KLA-Tencor surge Last Update: 10:24 AM ET Oct 25, 2006 SAN FRANCISCO (MarketWatch) -- KLA-Tencor Corp. rose more than 9% early Wednesday as the broader technology sector rose amid the latest spate of earnings reports. KLA-Tencor, one of the nation's largest chip-equipment providers, gained $4.16 to $49.92 after its latest quarterly sales topped Wall Street's expectations. KLA-Tencor also suggested its sales to electronics makers will rise over the three month period ended Sept. 30. "The fundamentals for 2007 continue to look solid," KLA-Tencor Chief Executive Rick Wallace said in a conference call. Following Tuesday's afternoon report, Needham & Co. upgraded KLA-Tencor Corp. to buy, while Citigroup hiked its stock price-target to $57 from $54.