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

To: Stefan who wrote (25959)	11/4/1998 6:31:00 AM
From: Justa Werkenstiff	Read Replies (1) \| Respond to of 70976

All: KLAC RIF. Here is even a better test of sentiment in the sector: Tuesday November 3, 9:43 pm Eastern Time Company Press Release KLA-Tencor Announces Corporate Restructuring SAN JOSE, Calif.--(BUSINESS WIRE)--Nov. 3, 1998--KLA-Tencor Corporation (Nasdaq:KLAC - news) announced today a restructuring plan to address the downturn in the semiconductor industry. As part of the plan, the company has reduced its global workforce by about 220 people or 5%. The company will incur a non-recurring restructuring charge consisting primarily of costs associated with the consolidation of the company's facilities, a write-down of assets associated with affected programs, and employee severance and related benefits associated with the company's reduction in force. The company expects the restructuring plan and related cost estimates to be completed by the end of the second fiscal quarter and the charge will result in a net loss for the second fiscal quarter. 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 Corporation 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 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.