KLA-Tencor CFO: Feel 'Real Good' About Forecasts For Qrt
Wednesday December 4, 12:36 pm ET
By Donna Fuscaldo, Of DOW JONES NEWSWIRES
NEW YORK -(Dow Jones)- KLA-Tencor Inc. Chief Financial Officer John Kispert said Wednesday that he feels "real good" about the company's financial targets for its fiscal second quarter ending this month.
Speaking at the Credit Suisse First Boston Annual Technology Conference in Phoenix, which was also broadcast over the Internet, Kispert said there is no change to the company's second-quarter targets, which call for revenue of $330 million, earnings of 14 cents a share and bookings that are flat with the first quarter.
KLA-Tencor provided financial targets for its second quarter when it reported first-quarter earnings in late October.
"We've seen improvement across the board from customers, certainly from September," said Kispert, noting that the chip manufacturing-equipment company is coming off a "really bad" environment in the September quarter.
Kispert said that some of KLA-Tencor's customers have been able to charge higher prices and that they have less inventory, a combination that is allowing them to purchase equipment. Kispert noted that he is "much more optimistic" about the December quarter and beyond.
"October was relatively good for us, (and) November is right on strategy," said Kispert.
Shares of KLA-Tencor were recently down $2.04, or 4.8%, to $40.24 on Nasdaq volume of 13.8 million shares. Average daily volume is 17.8 million.
-By Donna Fuscaldo; Dow Jones Newswires; 201-938-5253; donna.fuscaldo@dowjones.com |
