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Technology Stocks : Kulicke and Soffa -- Ignore unavailable to you. Want to Upgrade?

To: prolific who wrote (2497)	1/22/1998 1:51:00 PM
From: HoodBuilder	Read Replies (2) \| Respond to of 5482

I was on the CC this morning and all of your questions were answered. 1. Korea is shut down, they are not counting on any biz from Korea Korea represents 20% of Revs 2. Backlog was as stated but they anticipate lower unit growth with higher ASP and margins 3. Said they had no cancellations recently but were cautious. IMHO the most relevant statement was re: this quarter's numbers which they said they cannot meet ($.46/share) They guided the street to current levels in the low $.30's. This to me tells the story. If we assume a $1.20 - $1.30 run rate and a historical stock price of 12X earnings we're in for a selloff when the analysts adjust their targets. I just heard that Cowen revised downward by $1.00/share for the current year. I will post when confirmed. As I had anticipated, Asia is far from over and I don't believe we'll see a run in the stock for a while. Covered calls maybe the way to generate profit on KLIC at least for the next 3-6 months. BTW, based on the fact that Morgan Stanley has been a major seller today I wouldn't be surprised if they downgraded KLIC from Outperform to Neutral real soon. Montgomery was a buyer most of the morning but near 1:00 they've curtailed their purchases.