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Technology Stocks : Kulicke and Soffa

KLIC 48.89

-1.3%

1:08 PM EST

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From: scott_jiminez	4/18/2002 8:59:06 PM
	of 5482

An amazing outlook from Chartered... (thanks again to ksn_44 for the heads-up) From Charter's earnings report released after the bell: ============ Chartered Reports Better Than Expected Results and Outlook "During the last six weeks, we have seen growing indications from our customer base that the semiconductor industry recovery is beginning to accelerate," said Barry Waite, president & CEO of Chartered. "We see improvement in orders across all of the market segments we serve and across a wide range of customers, particularly those in communications. Contributing in a major way to our improved revenue outlook is the series of customer engagement successes on 0.18-micron products in recent quarters. We expect that in the second quarter, our 0.18-micron revenues will more than double to well over 20 percent of our total revenues and continue to grow significantly throughout the remainder of the year." ============ Also... ============ Outlook The outlook for 2002 has improved significantly.... Based on the improved outlook, the Company has increased its 2002 capital expenditure plan from $400 million to $500 million, including the pull-in of selected 300mm equipment. The start-up of Fab 7, a cutting-edge all-copper 300mm facility, has been accelerated one quarter and initial production now is expected in late third quarter 2003. ============ biz.yahoo.com

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