Wennerstrom Semi Equipment Analysis Message Board

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To: Donald Wennerstrom who wrote (26949)	11/17/2005 7:54:45 AM
From: BMcV	Read Replies (3) of 60006

Excellent earnings and outlook from KLIC this morning, next quarter revenues estimated to be $200-220 million vs the Yahoo consensus of flat at $175 million. The news flow generally and market reaction to it feels a lot like early 2004, when everyone was reported good results yet the stocks fell. For 2-tier companies, the past two years looks very much like a long-term bottom: finance.yahoo.com If you take the negative reactions to good earnings and the depressed chart action as a sign of poor sentiment, we could be setting up for a nice gain. Of course, I spent most of 2004 saying that the declines were a "stock market event", unreflective of underlying fundamentals, and we know how that turned out!