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.

Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Jenna who wrote (14535)	9/11/1998 3:08:00 PM
From: Jerry Olson	Respond to of 120523

Jenna just off the KLIC thread from a morning conference call...almost exactly as I thought... From: Archer Friday, Sep 11 1998 10:00AM ET Reply # of 3066 Notes from the conference call. "Business sucks and it continues to suck." On the bright side: The excess inventory in channel seems to have been cleared out. Are seeing a modest uptick in customer utilization, materials orders, and occasional unexpected orders. Currently working 3 shifts and overtime to meet 2 unexpected orders from ASE, but expect to lay off workers in October. Seeing ASP pressure in ball bonders. They got the overhead cost reductions they wanted, but ASP problems could cause problems with financial results. They won't know for 4-6 weeks. Have not lost an evaluation with an 8020 and are taking business away from the Japanese due to superior pad pitch capabilities, even though KLIC prices are much higher. Customer utilization bottomed in July at 64%, and now seems to be in the low 70's. Bottom line, things are improving, but they think it is just seasonal and the true upturn will not happen until second half of 1999. Regards, Archer ------ Previous \| Previous \| ------ \| Respond \| Quotes - 100-Day Chart - News - Profile - Earnings - Discussion - Semiconductors View SubjectMarks Bookmark this Subject Kulicke & Soffa Industries (NASDAQ: KLIC) Time: 2:42PM Last Trade 13 9/16 Change + 1 3/4 (+14.81%) Bid 13 9/16 Ask 13 5/8 Volume 0507,7000 Prev.Close 11 13/16 Open 12 3/16 Day Range 12 3/16 - 13 15/16 Last Tick 00 Avg.Volume 0567,2000