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Technology Stocks : Kulicke and Soffa -- Ignore unavailable to you. Want to Upgrade?

To: Dwight E. Karlsen who wrote (2490)	1/22/1998 8:28:00 AM
From: James A. Chiafery	Respond to of 5482

N E W S For Immediate Release Company Contact: Jim Chiafery 215-784-6436 Kulicke & Soffa Reports First Quarter 1998 Results Willow Grove, PA, January 22, 1998 - Kulicke & Soffa Industries, Inc. (NASDAQ: KLIC) announced Thursday the results of the first quarter of fiscal 1998, ended December 31, 1997. Sales for the quarter were $123,111,000, with net income of $6,824,000 or twenty-nine cents per share, compared to sales of $81,844,000 and net income of $419,000 or two cents per share in the comparable period of fiscal 1997. Ending backlog was $131,000,000, compared to backlog of $93,000,000 at the end of Q1 FY 97 and $118,000,000 at the beginning of the December quarter. "In spite of the ongoing financial turmoil in Asia, Kulicke & Soffa's business, as represented by new bookings of $136,000,000 in the December quarter, seems intact over the near term, " said C. Scott Kulicke, chairman and chief executive officer of K&S. "Continued semiconductor unit growth, coupled with tight expense control and with our ongoing transition to the higher margin 8000 family of wire bonders (which already accounted for approximately 20% of wire bonder revenues in the quarter) should allow us to protect our profitability in the near term." Certain matters discussed in this news release, including operating and financial results in fiscal 1998, are forward-looking statements that are subject to risks and uncertainties that could cause actual results to materially differ, either better or worse, from those projected. Such risks and uncertainties include, but are not limited to, the following: the risks associated with a substantial foreign customer base; and the risks associated with instability in foreign capital markets and foreign currency fluctuations; the upward and downward volatility in the demand for semiconductors and for the Company's products and services; the risk of order postponements or cancellations; the risk of delays in introduction and customer qualification of new products and services; and the Company's ability to manufacture and ship its products on a timely basis. Further discussions of risk factors are also available in the Company's most recent SEC filings. Kulicke & Soffa serves the integrated circuit assembly market with a product line that includes wire bonding, die bonding, wafer dicing and factory automation equipment, as well as packaging materials, including bonding wire, capillaries, wedges, die collets and saw blades, and has sales and service facilities worldwide. The company's web site address is www.kns.com .