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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: MythMan who wrote (6958)	11/4/1997 12:16:00 PM
From: Cynic 2005	Read Replies (2) \| Respond to of 18056

Pete and all, Shake out of the weak hands may be over. Let us wait for the strongest of the hands to be shaken out. This market is doing a denial after denial. Yesterday ASMLF said their biz is slowing and they expect DRAM fabs to slow spending. Today: 12:01 [KLAC] KLA-TENCOR SHARES DOWN 13/16, OR 1.7%, TO 46 1/4; VOLUME 1.4 MLN. 11:59 [KLAC] KLA-TENCOR SAYS ASIA SALES AMOUNT TO ABOUT 20% OF PRESSURE ON STOC 11:57 [KLAC] KLAC-TENCOR SEES GROSS MARGINS FALLING IF YEN WEAKENS FURTHER. 11:55 [KLAC] KLA-TENCOR DOESN'T EXPECT INROADS ON BACKLOG THIS QUARTER. 11:53 [KLAC] KLA-TENCOR REPORTS 6-MONTH PRODUCTION BACKLOG. Don't know the full details, but the news is not good for the semiconductor equipment companies. Oh yeah, they said that Asean meltdown doesn't matter! I just shorted (not puts) a weaker player in the group - Lam Research. If the denial continues, I will short more at 40 and 45 and 50. -Mohan