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

To: Howard Bennett who wrote (1530)	10/17/2000 12:30:44 PM
From: Math Junkie	Respond to of 1779

No, but the Teradyne conference call sure is: trading.etrade.com I see that doesn't print as a link, so here is the article: Teradyne shares sink on warning Fourth-quarter earnings to substantially miss estimates By Deborah Adamson, CBS.MarketWatch.com Last Update: 11:09 AM ET Oct 17, 2000 BOSTON (CBS.MW) -- Shares of Teradyne sank by 26 percent in recent trading on Tuesday after the company warned that fourth-quarter earnings will miss Wall Street's estimates by a wide margin because of a slowdown in the semiconductor testing business. The news eclipsed the company's third quarter earnings report, which beat analysts' expectations by a penny. In the third quarter, Teradyne (TER) reported a net income of $153.5 million, or 84 cents a share, up 145 percent from profits of $62.7 million, or 35 cents, in the year-ago quarter. Revenue was $848 million, up 71 percent from $497 million. But the maker of semiconductor testing equipment expects the fourth quarter to yield earnings per share of 66 to 67 cents, substantially below the 91 cents expected by analysts polled by First Call. Revenue will be down sequentially by 2 to 4 percent in the fourth quarter, spokesman Tom Newman said. He said Teradyne has no guidance yet for next year's first quarter. Hurting earnings in the December quarter are "the lowering of shipments slightly and keeping spending high to go after market share," Newman said. About 70 percent of Teradyne's business is in semiconductor testing. Companies such as Novellus (NVLS) make equipment that manufacture chips. Afterwards, Teradyne tests the chips for quality. Shares of Boston-based Teradyne are down $8.94 to $25.50. -------------------------------------------------------------------------------- Deborah Adamson is a reporter for CBS.MarketWatch.com. For late-breaking market news you can't afford to miss, go to cbs.marketwatch.com