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Date Posted: 18:02:03 08/02/00 Wed
Author: warren
Subject: Bad news short trem for KLIC investors...

Wednesday August 2, 6:59 pm Eastern Time

Kulicke & soffa says deferrals related to wafer

WILLOW GROVE, Pa., Aug 2 (Reuters) - Chip assembly equipment maker Kulicke & Soffa Industries Inc. (NasdaqNM:KLIC - news) said on Wednesday it is delaying some order shipments and said the deferrals ``may impact financial performance'' for the current quarter and the first quarter of 2001 ending Dec. 31, 2000.

The Willow Grove, Pa.-based company said the deferrals are related to space constraints and wafer and substrate shortages affecting certain customers.

The orders were originally scheduled to be built and shipped during the company's fourth quarter, which ends Sept. 30. They are now slated for production early next year.

``In general, demand continues to be very strong for all our products, but a few of our customers seem to have gotten a little ahead of the industry's growth curve,'' Kulicke & Soffa Chairman and Chief Executive C. Scott Kulicke said in a statement. ``We expect that they will resume their recent order patterns in the near future, and that in spite of this pothole, K&S will continue to report financial results at near record levels.''

Shares of Kulicke & Soffa closed flat on the day at 22-1/8 on the Nasdaq stock market.


I wonder how this news will affect the SOX tomorrow.

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