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Technology Stocks : Kulicke and Soffa

KLIC 47.01

+4.1%

Dec 3 3:59 PM EST

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To: Ian@SI who wrote (5189)	5/17/2002 4:11:11 PM
From: Proud_Infidel	Read Replies (1) of 5482

Kulicke & Soffa predicts some bumps in business NEW YORK, May 17 (Reuters) - Microchip assembly equipment maker Kulicke & Soffa Industries Inc. (NasdaqNM:KLIC - News) on Friday put a damper on a stream of positive news in the semiconductor industry, saying there would be "bumps" in the summer until chip production drives sales higher. In a mid-quarter update, the company said it expected revenue to be at the lower end of its earlier guidance of between $130 million and $140 million. Kulicke & Soffa also said customers were not moving to its newer generation of products as quickly as it expected. Chief Executive Scott Kulicke told investors in a conference call in the middle of the fiscal third quarter that booking orders is "not going as easily" as the company would like. "You can't assemble chips you didn't" make, Kulicke said. Shares of Kulicke & Soffa dropped $2.21, or 11.2 percent, to $17.45 on Nasdaq. Chip equipment makers have painted an unabashedly positive picture of the industry in recent weeks, with most companies predicting orders rising strongly from levels depressed by weakened demand for computers and other electronics. On Thursday, a trade group said orders for chip equipment rose 17 percent from March to April.

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