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This means that KLAC can not only do well during the peak times, but they can also do well during these [down]times.

Hmmm, I think I need to disagree, although I see the basic sense of what you are driving at. I've held this stock for a longish time, and its price tends to react quite in keeping with the cyclicality of the industry.

Good company though, and I'm glad to own it--its one that I've got buried in the back of my portfolio to take out and examine only on a quarterly basis.

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