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

To: StanX Long who wrote (62975)	4/19/2002 12:49:31 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

KLA’s Q3 Results Slip, But Bookings Increase Online staff -- Electronic News, 4/18/2002 e-insite.net KLA-Tencor Corp. today reported net income of $34 million, or 17 cents per diluted share, on fiscal third-quarter revenues of $357.1 million. Revenues for the quarter that ended March 31 were down 42 percent from the year-ago quarter’s $617.6 million. Net income was 75 percent lower than last year’s $136.3 million, or 71 cents per share. Compared to the previous quarter, revenues declined 12 percent from $404 million, while net income fell 30 percent from $49 million, or 25 cents per share. The San Jose-based company said its bookings showed significant improvement during the quarter, with the majority of these orders coming from Taiwan. The United States also improved quarter-to-quarter, remaining at its historical average, while Japan was below its historical share. KLA said it ended the quarter with more than six months of backlog at current shipping levels and a book-to-ship ratio that exceeded 1:1 for the first time in five quarters. "The demand for increased capacity in the most advanced technology segments resulted in both customer pull-ins and incremental orders over our original forecast," said Ken Schroeder, KLA-Tencor president and CEO, in a statement. "Although the recovery is still not broad-based, we did receive orders from a number of leading chipmakers eager to reserve production slots for our most advanced inspection and metrology tools." Gross margins for the current quarter were 49 percent, compared with 50.1 percent in the prior quarter. Operating expenses were $138 million, $8 million lower than the previous quarter. Engineering expenses declined $2.6 million and sales, marketing and administration decreased $5.6 million over the second quarter, KLA said. Cash and short-term investments were $1.2 billion, an increase of $151 million from the previous quarter. Inventory declined $16 million and accounts receivable declined $91 million, the company said.