Can a Scheduled Search have multiple alert conditions?

Question:

Can I create a Scheduled Search in which multiple alerts can be sent based on ranges of results?

For example:

If log_count <1 Send "No logs received" message

OR

If log_count > 10 Send "Runaway Process" message

Answer:

This is not possible - for the above situation, two separate Scheduled Searches would be needed to be configured.