Applied Materials No-Politics Thread (AMAT) Message Board

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Technology Stocks : Applied Materials No-Politics Thread (AMAT)

AMAT 267.87

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Dec 5 9:30 AM EST

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To: Gottfried who wrote (7165)	9/16/2003 8:36:34 AM
From: Proud_Infidel	Read Replies (1) of 25522

One reason why I hope the expensing of options goes through......this nonsense will be cut down: KLA-Tencor Corp. FY2003 EPS 24 Cents With Options Expense Tuesday September 16, 7:37 am ET WASHINGTON -(Dow Jones)- KLA-Tencor Corp. (NasdaqNM:KLAC - News) said Tuesday that its fiscal 2003 earnings per share would have been reduced to 24 cents had the company used a fair value method for accounting for stock options paid to its employees. The company previously had reported fiscal 2003 earnings of 70 cents a share. In its financial report for the year ended June 30, filed Tuesday with the Securities and Exchange Commission (News - Websites), KLA-Tencor said its year-end net income would have been reduced to $46.31 million from $137.19 million if it had expensed the stock options. Earlier this year, the Financial Accounting Standards Board (News - Websites) voted to require companies to treat employee stock options as an expense. However, FASB made the decision as an interim step toward full guidelines and left many details to be worked out in a formal proposal expected later this year. Shares of KLA-Tencor closed Monday trading at $55.50 each. KLA-Tencor, based in San Jose, Calif., provides yield management and process control services for semiconductor and related industries.

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