Key Developments For KLA Tencor Corp
KLA Tencor Corp (KLAC.O) (Nasdaq)
KLA-Tencor Corp. Declares Regular Cash Dividend For Second Quarter of Fiscal Year 2010
KLA-Tencor Corp. announced that its Board of Directors has declared a quarterly cash dividend of $0.15 per share on its common stock payable on December 1, 2009 to KLA-Tencor stockholders of record as of the close of business on November 16, 2009.
KLA-Tencor Corp. Issues Q2 2010 Guidance Above Analysts' Estimates-Conference Calls
KLA-Tencor Corp. announced that for second quarter of 2010, it expects revenue to be in the range of $420-$450 million and non-GAAP earnings per share (EPS) to be in the range of $0.24-$0.30, assuming a tax rate of 30% of the pre-tax income. According to Reuters Estimates, analysts are expecting the Company to report EPS of $0.10 on revenues of $373 million for the same period.
KLA-Tencor Corp. Issues Q4 2009 Guidance In Line With Analysts' Estimates-Conference Call
KLA-Tencor Corp. announced that for fourth quarter of 2009, it expects revenues to be between $270 million and $310 million, with a non-GAAP loss per share (EPS) in the range of loss of $0.08 per share to a loss of $0.24. According to Reuters Estimates, analysts were expecting the Company to report revenues of $295 million and EPS of $(0.18) for the same period.
KLA-Tencor Corp. Announces 10% Reduction In Global Workforce and Other Cost-Saving Actions
KLA-Tencor Corp. announced that the Company will reduce its global workforce by approximately 10%. This reduction is in addition to the Company's workforce reduction that was announced in November 2008. The reduction is one of many cost-saving actions being undertaken by KLA-Tencor that are designed to help reduce the Company's quarterly non-GAAP operating expenses to a range of $140-145 million per quarter by the end of calendar year 2009, adjusted from the Company's previously announced target of $165-170 million per quarter. In addition to the workforce reduction being announced that the Company will also implement a number of other cost-cutting actions over the next several quarters, including the consolidation of several of the Company`s facilities, additional forced time off and a reduction in employee stock purchase plan benefits.
KLA-Tencor Corp. Launches PVI-6 Solar Inspection Product
KLA-Tencor Corp. announced that it has unveiled its inspection product, the PVI-6, designed for optical in-line dual sided inspection of photovoltaic (PV) wafers and cells. The newest addition to KLA-Tencor's ICOS division's PV portfolio, the PVI-6 provides customers with the capability to inspect solar wafers and cells at the highest speed and accuracy for all stages of the production process.
