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Technology Stocks : KLA-Tencor Corporation (KLAC) -- Ignore unavailable to you. Want to Upgrade?

To: tjz00 who wrote (1467)	4/13/2000 9:09:00 AM
From: dper	Read Replies (1) \| Respond to of 1779

Thursday April 13, 9:03 am Eastern Time KLA-Tencor beats estimates on record bookings SAN JOSE, Calif., April 13 (Reuters) - Chip equipment maker KLA-Tencor Corp. (NasdaqNM:KLAC - news) on Thursday reported a more than three-fold increase in quarterly net income, beating analysts' estimates as order backlog increased substantially and record bookings were recorded. KLA-Tencor is one of the equipment makers that is benefiting from a strong cyclical upswing in the semiconductor industry that has sent chip makers scrambling to add production capacity and thus purchasing chip-making equipment. Net income in the fiscal third quarter that ended March 31 increased to $73 million, or 38 cents a share, compared to $21 million, or 11 cents a share in the same period a year earlier. Analysts surveyed by First Call/Thomson Financial were expecting the company to earn 33 cents a share. Revenues were $413 million, a 96 percent increase from $211 million in the year-earlier period. Record bookings were recorded during the quarter and order backlog increased substantially. Gross margins increased to 56 percent during the March quarter from 54 percent in the December quarter. The company said orders were particularly strong from Taiwan and the Asia Pacific region.