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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: SisterMaryElephant who wrote (51967)	4/2/1998 11:59:00 PM
From: Dom B.	Respond to of 186894

That's it, Steve...thanks!! It really doesn't make sence that INTC would be cancelling due to the expansion mode we're in. Still, INTC should stay away from selling puts!! don't you think? AMD sure is in a lot of doo doo, ha? Da Prince ain't gonna like that. hehehe.....dom

To: SisterMaryElephant who wrote (51967)	4/3/1998 12:20:00 AM
From: Lazlo Pierce	Read Replies (1) \| Respond to of 186894

Steve, here's an article that identifies Intel as the likely company that cancelled the order from KLIC. ************************************ Kulicke & Soffa sees quarterly loss on lost order WILLOW GROVE, Pa., April 2 (Reuters) - Kulicke & Soffa Industries Inc.<KLIC.O> said late Thursday it expected to report a net loss for its quarter ending in June instead of the profit Wall Street had expected after a major customer, possibly Intel Corp., canceled an order. The latest consensus among Wall Street analysts was for the company to earn $0.36 per share in the June quarter, according to First Call, which collects brokers estimates. By contrast, the company reported earnings of $0.62 per share for the quarter ended in June 1997. In a statement, the supplier of computer chip-making equipment declined to specify the size of the loss. Investor relations chief Jim Chiafery said Kulicke was still calculating the exact impact of the cancellation on results. Kulicke said that it had just learned that a major customer had canceled an order for more than of 100 units of its Model 8060 automatic wedge bonders slated to ship in June. The company disclosed only two "major" customers in its 1997 annual report, Korea's Anam Group <64510.KS>, which accounted for 12.5 percent of sales in the year ended September 1997, and Intel Corp. <INTC.O>, which bought 10.2 percent. In its statement, Kulicke declined to identify the customer that canceled the order, but company's filings and previous statements point to Intel. In a previous warning on the impact of the Asian economic downturn on its business outlook, Kulicke had disclosed that it expected to make no new shipments to Korean customers, including Anam, for the rest of 1998.<i/> Intel spokesman Howard High declined to comment, noting that his company, the world's leading maker of microprocessors, has a longstanding policy of not identifying its suppliers. Intel has indicated it plans to revise its 1998 capital spending plans downward when it announces earnings for the first quarter later this month, High said. The products are used by computer chip makers to assemble integrated circuits. The company said the order cancellation stemmed from cutbacks in capital spending at the customer. "We have a backlog of other orders, but not enough to make up the shortfall in planned shipments caused by this cancellation," said C. Scott Kulicke, chairman and chief executive of the company. Kulicke reported a backlog of $131 million at the end of 1997, the most recent date for which figures were available. "As a result, revenues for the June quarter are likely to be significantly below street expectations and consequently we anticipate a net loss for that quarter," Kulicke said. "We are assessing the impact on operations and plan appropriate measures to bring production capacity into line with anticipated demand," he said. Kulicke has yet to report earnings for its quarter ended in March. The First Call consensus calls for the company to earn 33 cents per share versus 46 cents in the March 1997 quarter.