Kulicke & Soffa Increases Revenue Outlook for Fourth Fiscal Quarter of 2009FORT WASHINGTON, Pa.--(BUSINESS WIRE)--Sep. 16, 2009-- Kulicke & Soffa Industries, Inc.
(NASDAQ:KLIC) (“K&S”) today announced that the Company has raised its revenue outlook for its fiscal fourth quarter ending October 3, 2009
. The Company now expects net revenue for the fourth fiscal quarter to be in the range of $100 to $105 million
, an increase from the previously forecasted range of $85 to $90 million
Scott Kulicke, Chairman and Chief Executive Officer, commented, “The recovery in overall business conditions that began near the end of our March quarter is continuing. Improvements are being seen in all areas of our business, particularly in ball bonders, wedge bonders and expendable tools.”
Mr. Kulicke and Michael J. Morris, interim Chief Financial Officer, Vice President of Finance and Treasurer, will present at the Jefferies 3rd Annual Technology Conference today, September 16th at 10:15am Eastern Time. A live audio web cast of the presentation will be available from http://www.wsw.com/webcast/jeff36/klic and the investor relations section of Kulicke & Soffa’s web site at Alerts. An archive will also be available for a limited time.
About Kulicke & Soffa
Kulicke & Soffa (NASDAQ:KLIC) is a global leader in the design and manufacture of semiconductor assembly equipment. As a pioneer in this industry, K&S has provided customers with market leading packaging solutions for decades. In recent years K&S has expanded its product offerings through strategic acquisitions, adding die and wedge bonders and a broader range of expendable tools to its core ball bonding products. Combined with its extensive expertise in process technology, K&S is well positioned to help customers meet the challenges of assembling the next-generation semiconductor devices. (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 future revenue and future business conditions. 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: volatile global economic conditions, which could result in, among other things, sharply lower demand for products containing semiconductors and for the Company’s products, and disruption of capital and credit markets; the risk of failure to successfully manage our operations; the risk that anticipated customer 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; acts of terrorism and violence; 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; and the factors listed or discussed in Kulicke and Soffa Industries, Inc. 2008 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.
Source: Kulicke & Soffa Industries, Inc.
Geoff Grande, CFA
Kulicke & Soffa
Director – Investor Relations & Corporate Communications