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Technology Stocks : Kulicke and Soffa
KLIC 59.19+4.7%Jan 15 3:59 PM EST
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To: Smilodon who wrote (2829)4/3/1998 10:45:00 AM
From: WTSherman  Read Replies (1) of 5482
 
Was there any mention of whether or not there was a cancellation penalty involved? It may have been that there was a date approaching after which there would be a cancellation penalty. I'm not sure about the semiconductor industry, but, in most other mfg. industry's such a large order(one that requires so much capacity to produce) would have a penalty clause for cancellation once it was actually scheduled into production and those production assets were no longer available to other customers.
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