As promised, I'll share whatever I find out. I must say that I just read the May 14, 2001 Quarterly report and didn't find any answers to my questions. The Annual report offers a few insights though it was released some time ago, Sept. 28, 2000. Nevertheless, here's what I've found out related to customers... CUSTOMERS To support our growing, global customer base, we maintain a significant presence throughout the United States, Europe, Asia-Pacific and Japan, staffed with local sales and applications engineers, customer and field service engineers and yield management consultants. We count among our largest customers leading semiconductor manufacturers from each of these regions. In fiscal 2000, 1999 and 1998, no single customer accounted for more than 10% of our revenues. Our business depends upon the capital expenditures of semiconductor manufacturers, which in turn depend on the current and anticipated market demand for integrated circuits and products utilizing integrated circuits. We do not consider our business to be seasonal in nature, but it is cyclical with respect to the capital equipment procurement practices of semiconductor manufacturersand is impacted by the investment patterns of such manufacturers in different global markets. Downturns in the semiconductor industry or slowdowns in the worldwide economy could have a material adverse effect on our future business and financial results.I'm encouraged by KLAC's customer base being fairly broad. However, has this changed with the slowdown in the industry and are the manufacturers themselves R&Ding to ween themselves away from the KLAC's? Who are KLAC's competitors and where do they stand? It seems that a lot of the products produced by KLAC are patentable, which may widen the "moat" a bit more...I'll continue to chip away at these questions and will share what I find out. Hopefully the real Guru will show up and elighten us all.jp
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar