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Technology Stocks : Kulicke and Soffa
KLIC 70.92+6.8%Feb 6 9:30 AM EST

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To: semi engineer who wrote (1988)11/4/1997 11:08:00 PM
From: Sam Citron  Read Replies (3) of 5482
 
Semi engineer,

KLIC gave up trying to produce a competitive flip chip machine. They aborted the project and say that they don't even think such equipment will be that lucrative a market. ETEC will lead in this equipment on business from INTC. KLIC will bump chips for others (Flip Chip Tech jv w/ Delco) but will not be making bumping equipment. KLIC will attempt to move more toward sales of consumables as wire bonders mature and start to become extinct (1999-2002 timeframe).

KLIC is a short term cycle play and is coming back because it was oversold.

SC
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