KLIC 60 days ago was estimated to earn only .22 eps which was a pretty good earnings for a stock under $10, but since then its eps estimates have risen dramatically because global demand is increasing faster than originally anticipated.
Now 60 days later KLIC is trading under $8 with an eps est. of .55 this qtr and is cheaper than it was when it was expected to earn only .22 eps.
Global chip sales now expected to rise 30% in 2010
TSMC Chang more upbeat on 2010 chip growth
Nancy Cheng, Hsinchu; Jessie Shen, DIGITIMES
[Tuesday 15 June 2010]