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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Gottfried who wrote (46438)	5/8/2001 6:54:30 PM
From: Math Junkie	Respond to of 70976

Of course it's accurate - you can tell because they gave it to the nearest tenth of a percent! <G>

To: Gottfried who wrote (46438)	5/9/2001 8:04:04 AM
From: Proud_Infidel	Read Replies (1) \| Respond to of 70976

Kulicke & Soffa sees H2 industry rebound (UPDATE: Adds comments from chief executive, share price) By Jennifer Tan SINGAPORE, May 9 (Reuters) - Kulicke & Soffa Industries Inc, which makes equipment and materials used in microchip production, said on Wednesday it sees a partial recovery in the semiconductor industry in the second half of the year. ``We do not see any fundamental reason for it to recover so soon (by the second quarter). We are running the company on more pessimistic assumptions,'' chief executive officer Scott Kulicke told Reuters on the sidelines of an industry conference. Kulicke said the materials market ``will probably rebound in the second half but the equipment (market) lags that by several quarters due to excess capacity and excess inventory in the electronics supply chain system''. ``It's going to take a while to sort that out and we do not see an early recovery,'' he said. ``It will be a two-stage recovery.'' Kulicke said the U.S. firm also expects a mild rebound in its revenues in the fourth quarter. ``We see a little bit in the last calendar quarter -- not all the way, but (revenues) will improve after the floor that we will hit this summer,'' he said, adding that visibility remained relatively low. Semiconductor equipment makers have seen sales plummet this year as chip makers cut back production in the face of flagging demand and rising inventory levels. Kulicke & Soffa swung to a net loss of US$10.99 million for its second quarter ended March 31. Excluding acquisition-related costs and one-time charges, it reported a loss of $5.12 million. It posted net revenues of $150.54 million for the quarter, and said it saw third quarter revenues at between $115 million and $130 million. Its shares closed at US$15.74 in New York on Tuesday.