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To: sixty2nds who wrote (42643)	1/12/2009 8:12:32 PM
From: The Ox	1 Recommendation Read Replies (1) \| Respond to of 95515

Very understandable, 60! KLA-Tencor Provides Updated Guidance and Announces Live Webcast of Earnings Call for Fiscal 2009 Second Quarter Monday January 12, 2009, 5:03 pm EST Yahoo! Buzz Print Related:KLA-Tencor Corporation MILPITAS, Calif.--(BUSINESS WIRE)--KLA-Tencor Corporation (NASDAQ:KLAC - News) today revised its previously issued financial outlook for the second quarter of fiscal 2009 ended December 31, 2008, reflecting further deterioration of the condition of the semiconductor and related industries. “Global economic uncertainty, weak consumer demand, and turbulent financial markets have led our customers to scale back production operations and reduce capital expenditures. Business conditions in our markets have deteriorated sharply in recent weeks, leading to unanticipated shortfall in quarterly new orders, revenues and earnings for KLA-Tencor, with weak services revenue a key contributing factor to that result,” commented Rick Wallace, president and CEO of KLA-Tencor. “We cannot predict the severity or duration of this economic downturn. In light of these conditions, we recently announced actions we are taking that are intended to optimize our cost structure and lower our break-even level, while maintaining our strategic focus and strong financial position. We will continue to evaluate further cost savings as conditions merit.” KLA-Tencor now expects that its performance for the quarter ended December 31, 2008 will be as follows: -- New Bookings: $235 - $245 million -- Revenue: $390 - $400 million KLA-Tencor is in the process of conducting its annual evaluation of the value of its goodwill and intangible assets for potential impairment. Based on the result to date of the company’s continuing evaluation, KLA-Tencor currently anticipates incurring a material non-cash impairment charge on certain of its goodwill and intangible assets in the second quarter of fiscal 2009. KLA-Tencor is unable to provide an estimate of its GAAP or Non-GAAP earnings per share until the completion of the ongoing evaluation of the value of its goodwill and intangible assets, but expects that it will report a loss from operations for the quarter, even before taking into account the impairment charge described above. KLA-Tencor expects that the loss for the second quarter of fiscal 2009, in addition to being impacted by lower revenues, will reflect (1) as noted above, a material non-cash charge resulting from the impairment of the company’s goodwill and intangible assets, (2) an increase in inventory reserves, driven by declines in KLA-Tencor’s product build plans and service inventory usage, and (3) an increase in reserves for potential losses relating to heightened risk of non-payment of accounts receivable as certain customers face financial difficulty. The actual amounts of such impairment charge and reserve increases will be communicated along with the announcement of KLA-Tencor's results for the quarter ended December 31, 2008. KLA-Tencor today also announced that the company will provide a live webcast of its upcoming second quarter fiscal 2009 earnings call, scheduled for Thursday, January 29, 2009, at 2:00 p.m. (PST). The webcast will be available on KLA-Tencor's Website at kla-tencor.com, on the Investors page.