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That sounds like a good strategy. Everyone is afraid of equities in September, seems like.
I'm not yet.
I may miss some of the run if it does but it hasn't shown me yet that it plans on really holding $5.
I'd rather buy it on the way up.
Good luck!!
Time to reload, you think?
What a moron I am -- I guess I should have said May 2006
A KLIC daily chart - 3 years of days. A repeat of May, 2005 is in the cards, IMO.
I feel strongly both ways.
if you haven't hard of the "three day rule" that a lot of bounce players follow, you might want to visit the BOUNCE message board on iHub.
I wonder if $5 will hold this week?
I'd love to try and play a bounce here but it's still hugging the lows of the day.
not particularly.
i suppose your reaction to the headline was on target
Well, it's getting crushed at the moment.
They must have added something else during the CC?
Revenues lower with sale of wire unit. But profits higher.
Key thing is call for turn in 2009, and Scott said he expects it to be "quick" and in DRAM market particularly.
Missed by 3 cents and quided Q4 lower.
That's pretty bad news.
7:01AM Kulicke & Soffa misses by $0.03, misses on revs; guides Q4 revs below consensus (KLIC) 6.64 : Reports Q3 (Jun) loss of $0.03 per share, $0.03 worse than the First Call consensus of ($0.00); revenues rose 6.8% year/year to $180.1 mln vs the $182.6 mln consensus. Co issues downside guidance for Q4, sees Q4 revs of $160 mln vs. $188.50 mln consensus.
Kulicke & Soffa Announces Agreements to Acquire Orthodyne Electronics and Divest the K&S Wire Business Unit
Transactions enhance the company’s position as a leading supplier of interconnect solutions
Fort Washington, PA – July 31, 2008 – Kulicke & Soffa Industries, Inc. (NASDAQ: KLIC) (“K&S”) today announced that the company has entered into definitive agreements to acquire substantially all of the assets of Orthodyne Electronics Corporation (“Orthodyne”), a leading supplier of wedge bonders, and sell the K&S wire business unit to W.C. Heraeus GmbH (“Heraeus”), a precious metals and technology group that has a leading position in its markets.
Orthodyne Acquisition
Under the terms of the Orthodyne agreement, K&S will fund the acquisition of Orthodyne with approximately 7.1 million shares of K&S common stock, plus $80 million in cash. If the transaction is not consummated by October 31, 2008, the purchase price will be approximately 19.6 million shares of K&S common stock and no cash. The deal includes possible earn-out consideration up to an additional $40 million in cash if certain financial objectives are met by Orthodyne over the next three years. The closing of the transaction, which is expected within approximately 60 days, is subject to certain working capital adjustments and closing conditions, including regulatory approvals.
“The acquisition of Orthodyne is in line with our stated strategy and positions K&S to capitalize on our strengths in equipment manufacturing and further cement our position as the leading supplier of interconnect solutions,” commented Scott Kulicke, Chairman and Chief Executive Officer of K&S. “Orthodyne is a fast growing, profitable market leader and provides us with deeper penetration into the discrete side of the semiconductor market, particularly in the attractive power management and hybrid module markets.”
Orthodyne, a privately held company based in Irvine, CA, is the leading supplier of both wedge bonders and wedges for the power management and hybrid module markets. Orthodyne’s focus on the fast growing power management market has delivered a double-digit compound annual revenue growth rate over the last five years, resulting in 2007 revenues of $110 million. Orthodyne’s executive team, led by Gregg Kelly, will be retained, as will all 280 employees.
The Wire Business Unit Divestiture
Under the terms of the wire business agreement, Heraeus will pay $155 million in cash to K&S for its wire business unit, subject to certain working capital adjustments. K&S and Heraeus will also enter into a strategic technical collaboration agreement that provides reciprocal access to research and development expertise to exploit the technical synergies that come from approaching the wire bond process as a system involving the bonder, the tools and the wire. The closing of the transaction, which is expected within approximately 60 days, is subject to certain closing conditions, including regulatory approvals.
Mr. Kulicke commented, “The wire business is one we believe strongly in, especially with exciting new wire products such as MaxSoft. It is a very healthy business, with excellent customer relationships, and it will be a very solid asset for Heraeus. However, the working capital requirements of this business have become significant and, as a result, no longer make financial sense for us. Heraeus is ideally positioned to support the continued growth and exploit the advanced wire products we have developed in this business by leveraging its significantly larger balance sheet. The wire business fits very well into the core competencies of Heraeus, which deal with precious metals and all related services such as refining and trading worldwide. One of the key considerations in selecting a buyer from what was a robust bidding process was the ability to develop a long-term strategic alliance with a partner we knew well and respected. We are excited by the technology alliance we have formed with Heraeus, which will allow us to exploit the technical synergies that exist between these two businesses.”
--------------------------------------------------------------------------------
“W. C. Heraeus intends to continue building on its market position and strengthen its presence in Asia and North America,” noted Dr. Peter Köhler, Managing Director of W. C. Heraeus, the largest business segment of the Heraeus Group. “The acquisition of the K&S wire business unit and its production facilities in Singapore and Switzerland will strengthen our market position, especially in Asia, which is the focal point of the world’s semiconductor industry and a strategically important site in close proximity to customers.”
Financial Details
In order to illustrate the potential financial impact of each of these transactions, we have provided the following table of K&S’s fiscal 2007 results assuming the inclusion of Orthodyne’s results and the divestiture of the wire business.
Fiscal 2007 Results (000’s)
Net Revenue Gross Profit Gross Margin
K&S As Reported
$ 700,404 $ 180,934 25.8 %
K&S Without Wire and With Orthodyne
$ 480,949 $ 220,747 45.9 %
Upgraded this morning from hold to BUY
$10 price target
Kulicke & Soffa KLIC AmTech Research Neutral » Buy $10
Search Results for Kulicke & Soffa (KLIC)
Future Events
Date Page Event
24-Jul-08 Earnings Next earnings release: Jul 24 before market, unconfirmed. First Call Research estimate: 0.00
Search Results for Kulicke & Soffa (KLIC)
Future Events
Date Page Event
24-Jul-08 Earnings Next earnings release: Jul 24 before market, unconfirmed. First Call Research estimate: 0.00
Archived Results
Earnings CalendarDate Fiscal
End Fiscal
Qtr Time Actual FC Yr-ago Rev.
Yr-Yr Rev. $
mln Yr-ago $
mln
24-Apr-08 200803 2 Before 0.00 0.02 -0.02 23.5 % 142.7
24-Jan-08 200712 1 Before 0.30 0.29 0.08 48.6 % 152.3
15-Nov-07 200709 4 Before 0.47 0.33 0.14 46.7 % 161.41
26-Jul-07 200706 3 Before 0.08 0.08 0.19 18.1 % 142.70
25-Jan-07 200612 1 Before 0.06 -0.01 0.37 -25.6 % 204.6
16-Nov-06 200609 4 Before 0.14 0.10 0.19 -0.4 % 161.97
27-Apr-06 200603 2 Before 0.25 0.24 -0.12 56.3 % 102.60
26-Jan-06 200512 1 Before 0.38 0.34 -0.16 96.1 % 116.3
17-Nov-05 200509 4 Before 0.19 0.18 0.07 23.3 % 147.54
28-Jul-05 200506 3 Before -0.05 -0.02 0.38 -29.0 % 194.628
28-Apr-05 200503 2 Before -0.15 -0.14 0.44 -48.2 % 241.09
27-Jan-05 200412 1 Before -0.19 -0.06 0.01 -24.4 % 153.86
18-Nov-04 200409 4 Before 0.05 0.04 -0.30 18.4 % 124.614
21-Jul-04 200406 3 Before 0.37 0.31 -0.23 57.2 % 123.8
21-Apr-04 200403 2 Before 0.44 0.36 -0.30 81.4 % 122.28
21-Jan-04 200312 1 Before 0.05 0.05 -0.36 1307.0 % 11.4
17-Nov-03 200309 4 Before -0.17 -0.11 -1.68 5.8 % 122.2
24-Jul-03 200306 3 Before -0.23 -0.22 -0.37 -3.5 % 132.4
23-Apr-03 200303 2 Before -0.28 -0.19 -0.29 17.8 % 106.92
22-Jan-03 200212 1 Before -0.36 -0.44 -0.36 7.9 % 103.2
15-Nov-02 200209 4 Before -0.35 -0.35 -0.18 3.7 % 117.79
16-Jul-02 200206 3 After -0.37 -0.21 -0.10 -1.5 % 134.4
18-Apr-02 200203 2 Before -0.29 -0.29 -0.10 -28.4 % 149.4
17-Jan-02 200112 1 Before -0.32 -0.20 0.05 -32.7 % 153.4
15-Nov-01 200109 4 Before -0.32 -0.20 0.56 -56.9 % 229.0
24-Jul-01 200106 3 Before -0.10 n/a 0.67 104.9 % 130.927
20-Apr-01 200103 2 Before -0.10 n/a 0.40 -32.2 % 222.153
25-Jan-01 200012 1 Before 0.05 n/a 0.26 -13.6 % 179.849
16-Nov-00 200009 4 Before 0.56 n/a 0.15 49.3 % 153.375
20-Jul-00 200006 3 Before 1.35 n/a -0.03 142.1 % 110.806
18-Apr-00 200003 2 Before 0.80 n/a -0.32 202.0 % 73.561
18-Jan-00 199912 1 Before 0.52 n/a -0.38 194.0 % 61.175
17-Nov-99 199909 4 Before 0.30 n/a -0.79 101.3 % 76.176
27-Jul-99 Before -0.03 n/a -0.13 20.8 %
29-Apr-99 Before -0.32 n/a 0.39 -38.7 %
26-Jan-99 Before -0.38 n/a 0.29 -50.3 %
13-Nov-98 Before -0.79 n/a 0.63 -49.9 %
22-Jul-98 Before -0.13 n/a 0.62 -37.4 %
17-Apr-98 Before 0.39 n/a 0.46 -1.2 %
22-Jan-98 Before 0.29 n/a 0.02 50.4 %
14-Nov-97 Before 0.63 n/a -0.65 146.7 %
23-Jul-97 Before 0.62 n/a -0.13 90.4 %
23-Apr-97 Before 0.46 n/a 0.54 5.3 %
23-Jan-97 Before 0.02 n/a 0.82 -35.7 %
http://www.briefing.com/GeneralContent/Investor/Active/ArticlePopup/PagePopup.aspx?PageId=3272
KLIC 3 day 5 minute chart - updated so that it is not chopped off on the right for those with narrower video settings
15.00 target
This might be helpful to you:
http://seekingalpha.com/article/71684-building-a-kulicke-and-soffa-pyramid
"...So what to do? First of all, learn a little about the cycle and base investment decisions on probabilities. Look at the trading history of the company (See: A Silicon Canary Begins to Chirp, October 27, 2007). This article was written 7 years ago, but it could have been written this week since the basic investment ideas about the semiconductor cycle are contained in it. For that matter, Broadcom (BRCM), Vishay (VSH) and FormFactor (FORM) could also be traded using the same information, but I like KLIC the best. It is a "pure play" on the overall nature of the cycle because the single reason chipmakers buy bonders is they have a demand to meet. It's as simple as that..."
Oh great, one more thing to learn - LOL!!
thanks.
It's a semiconductor equipment stock. Cyclical. Equipment stocks usually lead the index higher when the cycle bottoms.
The Philadelphia Semiconductor Index -- you should become familiar with this if you are not already...
#msg-25834217
It has certainly been on a roll.
If the market holds up, it would be nice to have this one take off.
A KLIC daily chart - 3 years of days. A repeat of May, 2005 is in the cards, IMO.
Rated "milquetoast?"
Kulicke & Soffa Started At Perform By Oppenheimer >KLIC
Last update: 4/7/2008 4:50:28 PM
(MORE TO FOLLOW) Dow Jones Newswires
April 07, 2008 16:50 ET (20:50 GMT)
The selling at $5 just kills these rallies.
When we eventually break through it should be worthy of quite an impressive run.
Down almost 10% in just two days.
I have to now wonder whether this thing isn't going to test $4.
WOW!!
it's ok. the more i learn, the less i know ;)
Oh, you're talking options, aren't you?
Oooops.
I don't know anything about options.
Well, volume's picking up.
Maybe later today or tomorrow!!
$5 calls seem like a good idea -- but what month? April? October?
Nice move today.
Maybe it will get back over $5.
It sure has been beatup this year.
3 day 5 minute chart real time
I wonder why KLIC is DOWN on a day when AMAT is up so much? This makes no sense to me whatsoever.
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