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I've read a few posts about how analysts and others here have said this industry is in a downturn etc.. Keep in mind, that when Intel isn't selling silicon, they are developing new silicon. Any new development Intel does (with AMD and now VIA breathing down there neck) needs to be tested before being released. This means that KLAC can not only do well during the peak times, but they can also do well during these times. Intel and other companies need to inovate twice as hard during these down times, which only fairs good for companies like KLAC. Although the performance has been slightly wild over the past few months, they should be able to weather the storm well.
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