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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: michael97123 who wrote (17902)	8/10/2004 7:17:52 PM
From: BMcV	Read Replies (2) \| Respond to of 95656

Kulicke & Soffa Revises Fourth Quarter Forecast Tuesday August 10, 6:35 pm ET WILLOW GROVE, PA--(MARKET WIRE)--Aug 10, 2004 -- Kulicke & Soffa Industries, Inc. (NasdaqNM:KLIC - News) today revised its revenue forecast for the fourth fiscal quarter ending September 30, 2004. Discussions with customers indicate a general slowing in the rate of semiconductor growth, and as a result, wire bonder shipments for the September quarter will be lower than previously forecast. The Company had previously forecast revenue for the quarter to be in the $175 to $195 million range. The Company's current forecast is for revenue to be in the $135 to $165 million range. Maurice Carson, vice president and chief financial officer, commented, "We have implemented cost improvements over the last several quarters so as to be profitable in off-peak quarters. These cost cutting plans are on track. Even at the low end of this new revenue range, we anticipate a profitable quarter, excluding bond redemption costs, with positive operating cash flow. In addition, our R&D plans are still moving forward." He added, "Our revised guidance is based on our customers' latest indications regarding wire bonder capacity. Some customers are now more cautious about the timing of future demand. This reduction of wire bonder demand does not reflect any loss of market share and we expect our packaging materials and test products will meet their original forecast."

To: michael97123 who wrote (17902)	8/10/2004 9:40:18 PM
From: Sarmad Y. Hermiz	Read Replies (1) \| Respond to of 95656

>> i initially figured it had to be 100mil discrepancy. But its 14 million. The issue isn't the size of the disparity, but whether it points to continued EPS growth. If the 64c/share are peak annual earnings, then obviously, the $20 share price is not likely to grow. The inventory bit is non-sense. The key here is whether the shorts will feel emboldened by the report, or not. My guess is they will feel safe for at least a few months, since the next report will not show EPS growth.