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Technology Stocks : Kulicke and Soffa
KLIC 48.35+6.1%Jan 2 9:30 AM EST

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To: cwtomlinson who wrote (5248)11/15/2002 7:39:21 AM
From: scott_jiminez  Read Replies (1) of 5482
 
I know it's partially the result of lots of one time stuff...

But still, a forth quarter loss of $195.0 million or $3.95/share and a FY2002 loss of $274.1 million or $5.57/share?!?

Golly, or more emphatically, gosh.

Guidance is not an 'out of the woods' figure either (~15% below analysts' estimates).

This entire situation is a shame for KLIC. They made a intelligent, prudent, and sustained effort to wean themselves from an unhealthy reliance on bonders. When all these coordinated efforts come very close to fruition, the equipment sector encounters a 1000-year flood.

Or this is the logical hangover from a 10-15 year binge in the entire electronics industry..
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