"07:33 ET KLIC Kulicke & Soffa lowers outlook (5.26)
Warns that Q4 revenues will fall below expectations. Revises revenue outlook to $105-$115 mln (Multex consensus $136.57 mln). "End use demand for electronics products continues to be sluggish and customer visibility is poor across the semiconductor and semiconductor capital equipment food chain."
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manny t....
That is what I have been predicting for a long time now - equipment companies cannot do well when chips are not. To me, that is an immutable law of nature that you can take to the bank. I hope no one here has been caught in KLIC, for I still think its survivability is in question and other than for an occasional quick trade, there is no reason to own KLIC. I think there is a good deal of risk remaining in the whole sector, with the stocks trading well above normal trough valuations in a weakening economy where the fundamentals are once again deteriorating for the sector. Other than for trading, I would avoid the whole group for now.
Just my opinion.
mlsoft
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