KLA-Tencor Reports Fiscal 2007 Results
Operating income for the fourth quarter of fiscal 2007 includes $75 million in pre-tax charges, as follows:
- Acquisition-related charges of $38 million for amortization and impairment of intangible assets, and in-process R&D related primarily to the acquisitions completed by the Company as of June 30, 2007. Acquisition-related charges for the third quarter of fiscal 2007 were $18 million.
- Stock-based compensation related charges of $26 million, compared to $29 million for the third quarter of fiscal 2007 and $38 million for the fourth quarter of fiscal 2006.
- Severance charges of $11 million related to a worldwide reduction in force. There were no severance charges in either the third quarter of fiscal 2007 or fourth quarter of fiscal 2006
“KLA-Tencor’s financial performance this quarter was again strong, reflecting our continued focus on supporting our customers with a broad portfolio of inspection and measurement technology,” said Rick Wallace, CEO of KLA-Tencor. “Our product pipeline has never been stronger, with six new products launched in the June quarter. As we go forward, we are developing more innovative and cost-effective solutions to address critical yield challenges facing customers as they transition to 45nm and beyond.”
KLA-Tencor ended fiscal year 2007 with approximately eight months of product-related shipment and revenue backlog.
The geographic breakdown of system orders in the quarter was:
Percent of Bookings
Korea, China, & Singapore
KLA-Tencor’s financial position remained strong with cash and investments balance at the end of fourth quarter of fiscal 2007 of $1.7 billion. Accounts receivable increased by $82 million compared to the prior quarter to $582 million on strong shipments.
KLA-Tencor will discuss its fiscal 2007 fourth quarter results, along with its outlook for the first quarter of fiscal 2008, on a conference call today beginning at 2:00 p.m. Pacific Daylight Time. A web cast of the call will be available at: www.kla-tencor.com.
About KLA-Tencor: KLA-Tencor is the world leader in yield management and process control solutions for semiconductor manufacturing and related industries. Headquartered in San Jose, Calif., the Company has sales and service offices around the world. An S&P 500 Company, KLA-Tencor is traded on the NASDAQ Global Select Market under the symbol KLAC. Additional information about the Company is available on the Internet at http://www.kla-tencor.com.
KLA-Tencor is the world leader in yield management and process control solutions for semiconductor manufacturing and related industries. Headquartered in San Jose, Calif., the company has sales and service offices around the world. An S&P 500 company, KLA-Tencor is traded on the Nasdaq National Market under the symbol KLAC. -->
Director Corporate Communications
Phone: (408) 875-8733