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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Gottfried who wrote (18342)	4/1/1998 8:56:00 AM
From: MileHigh	Read Replies (1) \| Respond to of 70976

Oops! More bad news from a "blue chip" semi equip maker (KLAC) Wednesday April 1, 8:01 am Eastern Time Company Press Release KLA-Tencor Anticipates Lower Third Quarter Results SAN JOSE, Calif.--(BUSINESS WIRE)--April 1, 1998--KLA-Tencor Corp. (NASDAQ:KLAC - news) today announced that it expects its financial results for the third quarter ended March 31, 1998 to be below analysts' expectations. Revenues for the quarter are expected to be approximately $270 million, down about 17% from the $326 million it reported in the second quarter ended Dec. 31, 1997. Analysts had been expecting revenue to be in the $300 million area. The Company has taken actions to reduce its spending and adjust to the lower revenue level and expects that net margins will be approximately 11%, prior to non-recurring acquisition costs. The Company, the world's largest maker of process control and semiconductor yield management systems, is being affected by the slowdown in capital spending by the worldwide semiconductor industry. Weakness in the Asian economies has caused large semiconductor customers to reduce planned expenditures and delay the construction of new fabrication facilities. The U.S. and European regions had been stronger on a relative basis for some months, however, recently certain planned facilities in those regions have been cancelled or postponed. The Company will release operating results for its third quarter ended March 31, 1998 on April 16, 1998 prior to the market open. Actual results could differ materially from those anticipated in forward-looking statements in this release as a result of certain factors, including those set forth in the risk factors described in the Company's SEC filings. KLA-Tencor Corp. is the world leader in yield management and process control solutions for semiconductor manufacturing and related industries. The Company offers a broad portfolio of systems for inspection, metrology, and data analysis, as well as yield management consulting services. KLA-Tencor is traded on the Nasdaq National Market under the symbol KLAC. Additional information on the company is available on the Internet at www.kla-tencor.com.