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Technology Stocks : Kulicke and Soffa

KLIC 39.55

-0.4%

Oct 30 3:59 PM EDT

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From: Ian@SI	4/13/2010 8:37:30 PM
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Hey what's up? Wall Street always punishes good news from Semi Equipmt companies. ++++++++++++ UPDATE 1-Kulicke & Soffa Q2 rev tops Street; shares surge Thomson Reuters * Q2 rev $153 mln vs est $146.4 mln * Sees Q3 rev $205 mln vs est $143.1 mln * Shares jump 17 pct in after-hours trade April 13 (Reuters) - Chip-assembly equipment maker Kulicke & Soffa Industries Inc posted a stronger-than-expected second-quarter revenue and forecast third-quarter revenue above market estimates, sending its shares soaring 17 percent in extended trading. The company said it was seeing unprecedented demand for both ball bonders and wedge bonders, equipment used to connect chips to printed circuit boards. Kulicke reported revenue of $153 million for the second quarter ended April 3. Analysts were looking for revenue of $146.4 million for the quarter, according to Thomson Reuters I/B/E/S. Kulicke also forecast third-quarter revenue of $205 million, above market estimates of $143.1 million. "This same strength in demand gives us visibility into the beginning of the September quarter and ... we are seeing a continuation of current customer demand patterns," Chief Executive Scott Kulicke said. Shares of the company rose 17 percent to $9.20 in after-hours trading. They closed at $7.86 Tuesday on Nasdaq.

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