Gottfried. I didn't access First Call myself. After reading the post here about First Call shorting KLIC, I went to the Yahoo thread where I found the post below.
First call says buy Klic
by: ajfoaho 2937 of 2942
First Call had a press release to today which included the following quote: "On the long side, we would emphasize the techs,
especially the semiconductors and semi equipment stocks. Our favorites in the latter group are Lam Research (LRCX, where we're throwing in the towel for now on the short-side) and Kulicke & Soffa (KLIC)."
I guess we should take all of this with a grain of salt until we access it ourselves. For myself, I'm going to listen to the conference call tonight after work. I keep hearing different views about Scott's wording. some say it was upbeat, some say it was cautious.
To me, the following quote from Scott was just what we wanted to hear:
"Reflecting what appears to be the start of a new semiconductor cycle, we have seen a strong rebound in orders, with bookings of $98,000,000, almost double the previous quarter," said C. Scott Kulicke, chairman and chief executive officer of K&S. "This increase in orders should lead to a return to profitability later this year."
Statements like that would seem to support the theory that KLIC is performing in line with the sector which is on the brink of an up cycle. Therefore, I was surprised, with such forward optimism, that the stock is getting beat up. So I'm, going to add the caveat for now, that I haven't yet listened to the conference call myself, and as such can't say for sure what Scott's message was.
Russ |
