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Technology Stocks : KLA-Tencor Corporation (KLAC)
KLAC 1,209-0.5%Oct 31 9:30 AM EST

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To: SemiBull who wrote (1754)10/26/2003 4:33:44 PM
From: SemiBull  Read Replies (1) of 1779
 
KLA-Tencor Corporation and Accretech Reach Settlement

Friday October 24, 8:31 am ET

SAN JOSE, Calif., Oct. 24 /PRNewswire-FirstCall/ -- KLA-Tencor Corporation (Nasdaq: KLAC - News) and Accretech USA, Inc., a subsidiary of Tokyo Seimitsu Company Ltd. of Japan, announce that they have settled the litigation that has been pending between them since June 2001. Pursuant to the settlement, both KLA-Tencor and Tokyo Seimitsu/Accretech dismissed their claims and terminated their litigation against each other. The terms of the settlement are confidential.

About KLA-Tencor: KLA-Tencor is the world leader in yield management and process control solutions for semiconductor manufacturing and related industries. Headquartered in San Jose, Calif., with operations around the world, KLA-Tencor ranked #6 on S&P's 2002 index of the top 500 companies in the U.S. KLA-Tencor is traded on the Nasdaq National Market under the symbol KLAC. Additional information about the company is available on the Internet at kla-tencor.com .

Source: KLA-Tencor Corporation
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