Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : KLA-Tencor Corporation (KLAC) -- Ignore unavailable to you. Want to Upgrade?

To: Jacob Snyder who wrote (892)	1/19/1998 3:18:00 PM
From: Kevin Firth	Read Replies (2) \| Respond to of 1779

>Lehman also downgraded NVLS and KLIC: 1 month old news That happened DEC 19, not today, Jan 19

To: Jacob Snyder who wrote (892)	1/21/1998 7:53:00 PM
From: fred woodall	Respond to of 1779

Wire: KLA-Tencor Corp. announced Tuesday that its fiscal second-quarter net income rose 52%, meeting analysts expectations. The San Jose, Calif.-based maker of yield-monitoring & process-control systems for the semiconductor manufacturing industry earned $52.1 million, or 59 cents a diluted share, matching the mean estimate projected by 17 analysts surveyed by First Call. A year ago, the company earned $34.2 million, or 40 cents a diluted share, for the quarter ended Dec.31. Revenue increased 35% to $426.3 million as Klac-Tencor (KLAC) said increased orders for wafer inspection & reticle-inspection systems led the way. The company said new order volume for the U.S.,Europe & Taiwan was above normal as a percentage. Orders from Korea fell because of the country's economic uncertainly & delays in determining which projects will be funded and when. KLA-Tencor said Japanese memory-device manufacturers also continued to delay expansion plans, the company said. KLA-Tencor said customer emphasis on upgrading existing fabs by shrinking linewidths or optimizing yields continues to drive its business. The company said its financial position remains strong with cash & equilalents totaling over $680 million & no long-term debt. Still hold KLA-Tencor.Q2 FY 98 EPS of $.59 vs. $.40, in line. Like other chip-eqp.. co.'s. KLAC seeing weaker bookings trends, primarily in Korea. Falling DRAM prices & economic uncertainty causing customers to reevaluate capital spending plans..Japan also weaker than expected..US, Europe & Taiwan appear healthy, though, driven by technology focused investments to improve efficiency..KLAC leading co. in yield monitoring business should fare reasonably well during downturn.. but with lack of EPS visibility, would not add to positions.