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

To: michael97123 who wrote (51571)	9/6/2001 12:01:56 PM
From: Proud_Infidel	Read Replies (2) \| Respond to of 70976

More details from KLAC: KLA-Tencor CFO reaffirms existing Q1 guidance (UPDATE: adds shipments, First Call numbers) BOSTON, Sept 6 (Reuters) - The chief financial officer of semiconductor equipment maker KLA-Tencor Corp. (NasdaqNM:KLAC - news) on Thursday reaffirmed the company's existing guidance for earnings of 43 cents to 46 cents a share and revenues of $470 million to $490 million in the first quarter. John Kispert, speaking to investors at the SG Cowen technology conference here, also said that his company's semiconductor customers have become more optimistic about a recovery in stagnant demand. KLA-Tencor expects orders to be flat to down 10 percent in the quarter ended September 30, he said. The company also expects shipments to come in at $375 million to $400 million during the quarter. ``September is always a slow quarter. That's the reason for the flat to down orders,'' Kispert said. ``We're actually seeing more optimism from our customers.'' The company is receiving orders from chip companies for technology upgrades, however, not for additional capacity. When chip companies begin expanding capacity, he said, that will be a signthat a turnaround has begun. KLA-Tencor last issued guidance to investors at the end of July when the company reported its fourth-quarter results. Analysts expect the company to earn 42 cents a share and to bring in revenues of $459 million during the first quarter, according to Thomson Financial/First Call. In late morning action, shares of KLA-Tencor were down $1.91, or 4.3 percent, at $43.26 in Nasdaq trading. The shares have traded in a 52-week range of