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Technology Stocks : Credence (CMOS): Anyone out there

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To: Carlson who wrote (320)6/12/1998 7:53:00 AM
From: Susan Saline   of 497
 
June 11, 1998

CREDENCE SYSTEMS CORP (CMOS)
Quarterly Report (SEC form 10-Q)

- MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATIONS

The following discussion may contain predictions, estimates and other forward-looking statements that involve a number of
risks and uncertainties. While this discussion represents the Company's current judgment on the future direction of the business,
such risks and uncertainties could cause actual results to differ materially from any future performance suggested herein.
Factors that could cause actual results to differ are identified throughout the discussion below, as well as the section entitled
"Risk Factors" below, and elsewhere in this report. The Company undertakes no obligation to publicly release the result of any
revisions to these forward-looking statements which may be made to reflect events or circumstances after the date hereof or to
reflect the occurrence of unanticipated events.

The following table sets forth items from the Condensed Consolidated Income Statements as a percentage of net sales for the
periods indicated:

cont....
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