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

To: manohar kanuri who wrote (3335)	5/22/1999 11:56:00 PM
From: Jerome	Read Replies (1) \| Respond to of 5482

There is no reason for KLIC to trade much higher than it is this current week. (22to 26). Look at last quarters report. Sales are down to 73 million from 120 million. The loss per share was -.63 cents. True part of that was so called non-recurring. Call it what you want but the loss was horrible. If you are walking around any big city in America and a $100.00 bill falls out of your pocket unnoticed, and you discover the loss when you get home, do you tell your wife, "honey don't worry about it, its a non recurring loss." There are plenty of companies (tech) that are making good money now. So why would a serious investor want to invest in KLIC? Because a bunch of technophiles divine that we are at the start of some new cycle in semi-equipment? I own klic for the past three years because it is volitile and one of the better covered call writes in this group. I do believe that it will eventually get to the $40.00 to $50.00 price range, but not until this company demonstrates both revenue growth and signifucant profit growth. Posters frequently tie in KLIC price to the BTB figure. This could be false. From a philosophical and mathematical standpoint two theorems can stand side by side as if they were stereo-isomers and yet be totally unrelated. For the current month, until options expire on June 18th. There is not much to drive to price up more than for a few days. An order announcement is one possibility, and perhaps a reduction in interest rates. The BTB comes out after options expire and if it should come out lower that this month watch out below. This is my interpretation for the current month. I may revise it for the June to July time frame. As my Spanish friends are apt to say. (Se depende). Good Luck to all, Jerome