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

To: Jacob Snyder who wrote (1121)	4/16/1998 8:49:00 PM
From: Zoran	Respond to of 1779

They don't say anything because they don't know. Besides, now they can sell their stock and there are many idiots who are going to buy it. In two quarters these 35c will look really great. It is sad that Kurlak is the only analyst who has balls to tell the truth. Zoran

To: Jacob Snyder who wrote (1121)	4/16/1998 10:19:00 PM
From: fred woodall	Read Replies (1) \| Respond to of 1779

KLA-Tencor Corp. KLAC 3rd Quar March 31: 1998 ----- 1997 Revenues $274,164,000 / $252,346,000 Net income a 28,971,000 / 36,995,000 Avg shrs (basic) 84,985,000 / 82,682,000 Avg shrs (diluted) 87,785,000 / 86,480,000 Shr earns (basic) Net income a .34 .45 Shr earns (diluted) Net income a .33 .43 a. Includes an acquisition charge of $3,127,000. Excluding the charge, net income in the quarter was $31 million or 35 cents a diluted share. That matches the mean estimate of 15 analysts surveyed by First Call. KLA-Tencor Corp. (KLAC), San Jose, said it reduced its revenues compared with prior quarters in response to a decline in bookings coupled with cancellations of some orders booked in previous quarters. It said new order weakness was most significant in the Asia-Pacific region, but that the Japanese and European markets also exhibited order weakness. It said new bookings from the U.S. region were about equal to the prior quarter, but order cancellations from terminated customer projects caused the net bookings to be lower than the previous quarter. It said that, due to the revenue decline, it began to reduce spending levels. It said gross margins declined to 51% of sales because service revenue became a higher percentage of total revenues, and because certain critical infrastructure support spending continued despite lower revenue levels. Operating costs for the quarter rose to 40% as spending reductions in research and development and selling costs were less than the revenue decline. During the quarter, the company acquired Nanopro GmbH, a privately held manufacturer which specializes in technology used to measure wafer thickness and shape, and wrote off $3 million of in-process technology as a non-recurring expense.