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To: faqsnlojiks who wrote (11682)	7/30/2002 4:21:32 PM
From: Jorj X Mckie	Respond to of 17639

16:17 ET KLAC KLA-Tencor tops consensus by 3 cents (40.33 +1.42) -- Update -- Reports Q4 net of $0.23 a share, $0.03 better than the Multex consensus, vs yr-ago EPS of $0.67. Revs fell 38% to $373 mln (consensus $366.25 mln). "Although we are now entering into a flat period, we are confident that a recovery is underway =========================== SAN JOSE, Calif.--(BUSINESS WIRE)--July 30, 2002--KLA-Tencor Corporation (Nasdaq:KLAC) today announced its operating results for its fourth quarter and 2002 fiscal year, which ended on June 30, 2002. The company reported $47 million in net income and earnings per share of $0.23 on revenues of $373 million for the fourth quarter. In the fourth quarter of fiscal year 2001, by comparison, KLA-Tencor reported net income of $130 million and earnings per share of $0.67 on revenues of $603 million. In a quarter-over-quarter comparison with the March 2002 fiscal third quarter, net income rose 36 percent from $34 million, earnings per share increased 35 percent from $0.17, and revenue rose 4.5 percent from $357 million. For the full fiscal year 2002, KLA-Tencor reported net income of $216 million and earnings per share of $1.10 on revenue of $1.64 billion. This compares with net income of $373 million and earnings per share of $1.93 (prior to the cumulative effect of the implementation of SAB 101 accounting principles) on revenue of $2.1 billion for the 2001 fiscal year. According to Ken Schroeder, KLA-Tencor's President and Chief Executive Officer, orders gradually increased during the second half of fiscal 2002, as leading chipmakers worked to overcome the challenges of ramping yields on advanced semiconductor manufacturing processes. "Although we are now entering into a flat period, we are confident that a recovery is underway," Schroeder explained. "While the upturn will ultimately depend on macroeconomic factors outside our control, the semiconductor industry must ready itself to meet the inevitable wave of demand for the products driving the world's microelectronics revolution." Schroeder added that investments in process control will continue to be essential to meet this demand. "Today, these investments are needed to solve the extremely challenging yield issues associated with 130 nm devices. In the future, advanced process control solutions will be required at even greater levels to ensure that global chipmakers are able to maximize yields of these next-generation chips. As the industry's leading yield management company, KLA-Tencor is ideally positioned to capitalize on this investment trend." KLA-Tencor reports that it ended the year with six months of backlog at current shipping levels. Geographically, the strongest order activity originated from the United States and Asia excluding Japan. These regions were followed by Europe, where bookings remained at historical levels, and Japan which remained below historical levels. Regional orders were largely consistent with spending on next generation IC technologies. Gross margins for the current quarter were 50.1 percent versus 49.0 percent in the prior quarter. Operating expenses were $140 million, or 37.5% of revenue. Cash and marketable securities were $1.33 billion, an increase of $117 million from the previous quarter.