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Technology Stocks : Kulicke and Soffa -- Ignore unavailable to you. Want to Upgrade?

To: klaus pluszynski who wrote (3598)	1/4/2000 8:01:00 AM
From: Darin	Read Replies (2) \| Respond to of 5482

Some really good news :) :) Kulicke & Soffa Industries Announces Higher Earnings Expectations WILLOW GROVE, Pa.--(BUSINESS WIRE)--Jan. 4, 2000--Kulicke & Soffa Industries, Inc. (NASDAQ:KLIC - news) today announced that it plans to report financial results for the quarter ending December 31, 1999 in excess of street estimates. Clifford G. Sprague, Senior Vice President and Chief Financial Officer commented, ''Due to strong demand for our Model 8028 wire bonder and the improvement in overall industry activity, we now expect to substantially exceed First Call consensus estimates for our first fiscal quarter of 2000. Revenues are expected to be in the $175 million range; earnings per share should exceed the consensus estimate of $.36 by more than 30%. In addition, bookings were very strong during the first quarter and will approximate $200 million.'' Kulicke & Soffa is scheduled to release first quarter results during the week of January 17, 2000. Kulicke & Soffa is the world's largest supplier of semiconductor assembly equipment. The company provides scaleable solutions for the assembly of chip and wire, flip chip and chip scale packages. Chip and wire solutions combine wire bonding, die bonding and wafer dicing equipment with wire, capillaries, die collets, saw blades and die attach materials. Flip chip solutions include die placement equipment, flip chip bumping technology, glob top and underfill materials, and thin film laminates. K&S also offers unique CSP packaging technology as well as factory integration products and services. It has sales, service and applications development facilities worldwide. Kulicke & Soffa's web site address is www.kns.com. Certain matters discussed in this news release, including operating and financial results in fiscal 2000, are forward-looking statements that are subject to risks and uncertainties that could cause actual results to materially differ, either better or worse, from those projected. Such risks and uncertainties include, but are not limited to, the following: the risk of order postponements or cancellations; the risks associated with a substantial foreign customer base; the risks associated with instability in foreign capital markets and foreign currency fluctuations; the upward and downward volatility in the demand for semiconductors and for the Company's products and services; competitive pricing pressures; the risk of delays in introduction and customer qualification of new products and services; the risk of incurring delays and additional costs in the move of manufacturing to Asia; and the Company's ability to manufacture and ship its products on a timely basis. Further discussions of risk factors are also available in the Company's Fiscal 1999 Form 10K recently filed with the SEC.