I did not listen to the KLIC CC. Maybe Scott did? I know KLIC's CEO had reported that he saw slower growth coming ahead a couple of weeks ago than previously expected on May 7.
I know Scott finally turned bearish on the stock at about that time so it certainly shows that he watches the situation well.
Kulicke & Soffa CEO Sees 3rd-Quarter Revenue at Low End of Forecast
biz.yahoo.com
By: Donna Fuscaldo
Dow Jones Newswires
NEW YORK -- Kulicke & Soffa Industries Inc. (KLIC) Chairman and Chief Executive Scott Kulicke said Friday the company's third-quarter revenue will likely come in at the low end of the range it targeted last month.
Mr. Kulicke said he expects the chip equipment maker's business to improve in its fiscal third quarter ending in June, but noted that revenue will end up closer to $130 million, compared with $107 million last quarter.
When the Willow Grove, Pa. , company reported its fiscal second-quarter earnings on April 18 , it projected third-quarter revenue would be $130 million to $140 million. At that time analysts had been estimating revenue of $121.5 million, according to Thomson Financial/First Call. Analysts' revenue estimate has since edged higher, and currently stands at $135.3 million.
Asked how the company's mix of products was faring during the quarter, Mr. Kulicke said he was surprised that some customers were interested in its older technology as opposed to its newer generation of equipment that has higher average selling prices.
Nancy Kyle, a spokeswoman at Kulicke, noted after the call that in April the company said its mix would be 50/50 between the new and old equipment and despite customers favoring the cheaper equipment, the company still expects the product mix to be close to 50/50.
Kulicke's shares were down $2.24, or 11%, to $17.42 in late-morning trading on the Nasdaq Stock Market.
- By Donna Fuscaldo, Dow Jones Newswires; 201-938-5253; donna.fuscaldo@ dowjones.com
Bad news is not being taken well. The VIX has penetrated the lower Bollinger Band this morning and is now moving higher. There seems to be an inverse relationship between the SOX and the VIX.
stockcharts.com[h,a]daclyyay[pb50,200!d20,2][vc60][iUb14!Uk14!La12,26,9]&pref=G
When the VIX rises the SOX falls. The same could be said for most technology related industries.
finance.yahoo.com
RtS |
