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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: orkrious who wrote (2605)	11/1/2001 8:07:36 PM
From: Alastair McIntosh	Read Replies (1) of 99280

Jay, let me re-write KLAC's PR to say what they really meant: KLAC confirms drop in sales and profits: NEW YORK, Nov 1 (notReuters) - The chief financial officer of KLA-Tencor Corp. (NasdaqNM:KLAC - news) on Thursday reaffirmed the dismal forecast for second fiscal quarter earnings and revenue expectations announced earlier this month. Revenues are expected to be only about 72% of first quarter revenues. Profits will drop even faster to about 54% of the first quarter results. These results are particularly dismal considering that KLA-Tencor president and chief executive officer Ken Schroeder recently pointed out (Oct 18) that the September quarter is typically the slowest of the year. John Kispert, CFO also confirmed that there appears to be no indication of any increase in orders for the second quarter. Kispert noted that this was the largest percentage quarter over quarter revenue decrease in recent years. Al

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