04.09.2007 13:14:00
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Kulicke & Soffa Raises Guidance For Fourth Quarter to $226 Million
Kulicke & Soffa Industries, Inc. (the "Company”)
(Nasdaq:KLIC) is raising its revenue guidance for the fourth fiscal
quarter ending September 29, 2007. On July 19, 2007, the Company
forecasted revenue for the September quarter to be about $212 million,
based upon discussions with customers at that time. The Company’s
revised guidance is for revenue to be about $226 million. This increase
is primarily the result of additional customer orders for the Company’s
wire bonding equipment.
Scott Kulicke, chairman and chief executive officer of Kulicke & Soffa,
stated, "The 6.6% increase over our previous
guidance is partially attributable to adjustments we made to our
manufacturing capacity and supply chain schedules during the quarter.
Those changes have given us enough capacity to book additional equipment
orders coming from our large subcontractor customers. This demand for
our Maxum Ultra wire bonders provides an opportunity for the Company to
satisfy our customers’ quick delivery needs
and grow our leading market position.” About Kulicke & Soffa
Kulicke & Soffa (NASDAQ: KLIC) is the world's leading supplier of
semiconductor assembly equipment, materials, and technology. K&S
provides wire bonders, capillaries, wire, die bonders, and die collets
for all types of semiconductor packages using wire as the internal
electrical interconnections. K&S is the only major supplier to the
semiconductor assembly industry that provides customers with
semiconductor assembly equipment along with the complementing packaging
materials and process technology that enable our customers to achieve
the highest possible yields and throughput. The ability to provide these
assembly related products is unique to K&S, and allows us to develop
system solutions to the new technology challenges inherent in assembling
and packaging next-generation semiconductor devices. Kulicke & Soffa's
web site address is http://www.kns.com.
Caution Concerning Forward Looking Statements In addition to historical statements, this press release contains
statements relating to future events and our future results. These
statements are "forward-looking”
statements within the meaning of the Private Securities Litigation
Reform Act of 1995, and include, but are not limited to, statements that
relate to our future revenue, revenue growth, sales, customer demand,
customer sentiment, business conditions, manufacturing capacity, and
supply chain schedules. While these forward-looking statements
represent our judgments and future expectations concerning our business,
a number of risks, uncertainties and other important factors could cause
actual developments and results to differ materially from our
expectations. These factors include, but are not limited to: the
risk of failure to successfully manage our operations; the risk that
anticipated orders may not materialize or that orders received may be
postponed or canceled, generally without charges; the volatility in the
demand for semiconductors and our products and services; the risk that
we may not be able to develop and manufacture new products and product
enhancements on a timely and cost effective basis; the risk that we may
have insufficient manufacturing capacity to meet customer demand, or our
suppliers may not have sufficient capacity; acts of terrorism and
violence; overall global economic conditions; risks, such as changes in
trade regulations, currency fluctuations, political instability and war,
associated with a substantial foreign customer and supplier base and
substantial foreign manufacturing operations; potential instability in
foreign capital markets; and the factors listed or discussed in Kulicke
and Soffa Industries, Inc. 2006 Annual Report on Form 10-K and our other
filings with the Securities and Exchange Commission. Kulicke & Soffa
Industries is under no obligation to (and expressly disclaims any
obligation to) update or alter its forward-looking statements whether as
a result of new information, future events or otherwise.
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