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Technology Stocks : Kulicke and Soffa

KLIC 58.33

+0.3%

Jan 28 3:59 PM EST

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From: scott_jiminez	1/26/2001 6:35:09 AM
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Follow-up to yesterdays earnings report... Data from First Call and S&P via Schwab: Consensus estimates for FY 2001 went up a penny to $0.47 and those for ‘02 went up $0.05 to $0.75. There were two estimate upgrades and 1 downgrade for q2, two estimate upgrades and two downgrades for FY2001, and one estimate upgrade for FY2001. S&P slashed FY01 and FY02 estimates (they were way out of line to begin with). At the same time they were impressed that the promised metamorphosis of the company was actually becoming manifest. Some of S&P’s comments (my bolding): >>>Gross margin holding up surprisingly well... Demand for equipment to assemble and package semiconductors is slumping with chip industry... See downturn lasting to mid-year... think KLIC may log decent quarter in Sep. ’01... Cost structure much better than last downturn... New test segment doing well.. Cutting our FY 01 (Sep.) estimate from $1.35 to $0.30, FY 02’s from $2.30 to $1.20... OK to hold pending industry recovery.<<<

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