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Technology Stocks : Veeco Instruments-Who? -- Ignore unavailable to you. Want to Upgrade?

To: All Mtn Ski who wrote (2280)	7/19/1999 7:35:00 PM
From: B.G. Mayers	Respond to of 3069

KLA-Tencor CEO Boosts Outlook for 1st-Qtr Orders, Cites Taiwan Did not see this mentioned on this board. San Francisco, July 14 (Bloomberg) -- KLA-Tencor Corp., the biggest maker of semiconductor inspection and measurement tools, boosted its expectations for orders this quarter, encouraged by new business from Taiwan, said Chief Executive Ken Schroeder. A month ago, KLA-Tencor was projecting that orders in the quarter, the first of its fiscal year, would drop from the period that ended in June. Now, it expects orders to be unchanged or slightly higher, Schroeder said. He declined to forecast a dollar amount. ''Taiwanese orders are strong,'' Schroeder said in an interview. He was in San Francisco for the Semicon West trade exposition. Other chip-equipment makers, including No. 1 Applied Materials Inc., also cited increased demand for their equipment from Taiwanese chipmakers. Most new orders are coming from contract semiconductor companies, known as foundries, whose business is picking up with sales of specialty chips for telecommunications and other uses. ''We're seeing some gradual expansion in Asia-Pacific,'' David Wang, Applied's senior vice president in charge of sales and marketing, told investors on Monday. KLA-Tencor also is projecting higher sales in the second half of the year than it originally expected. It now anticipates that calendar-year 1999 sales will increase more than 3 percent, compared with an initial forecast of 2 percent to 3 percent, Schroeder said. He declined to be more specific. Sales in 1998 totaled $925 million. KLA-Tencor will report its fourth-quarter results next week. It's expected to earn 26 cents a share, the average estimate of analysts polled by First Call Corp. Its profit from operations in the same period last year was $23 million, or 26 cents. KLA-Tencor shares rose 4 1/16 today, to 71. Earlier in the day, the shares touched 71 3/8, a 52-week high. Jul/14/1999 22:23 For more stories from Bloomberg News, click here. (C) Copyright 1999 Bloomberg L.P. Any redistribution of Bloomberg content, including by framing or similar means, is expressly prohibited without the prior written consent of Bloomberg L.P. Any reference to the material must be properly attributed to Bloomberg News. The information herein was obtained from sources which Bloomberg L.P. and its suppliers believe reliable, but they do not guarantee its accuracy. Neither the information, nor any opinion expressed, constitutes a solicitation of the purchase or sale of any securities or commodities.(C) Copyright 1999 Bloomberg L.P. BLOOMBERG, Bloomberg News, Bloomberg Financial Markets, Bloomberg Television, Bloomberg News Radio are trademarks, tradenames and service marks of Bloomberg L.P.