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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) November 2, 2000
KULICKE AND SOFFA INDUSTRIES, INC.
(Exact Name of Registrant as Specified in Charter)
PENNSYLVANIA 000-00121 23-1498399
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
2101 Blair Mill Road, Willow Grove, PA 19090
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (215) 784-6000
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ITEM 5. OTHER EVENTS
On November 2, 2000, Kulicke and Soffa Industries, Inc. announced push-outs
of previously booked orders and deferrals of new orders by major assembly
customers that are expected to adversely impact the Company's financial
performance in the first fiscal quarter of 2001, which ends on December 31,
2000. The customer order deferrals and push-outs are in addition to those
announced in August of 2000. As a result, the Company announced that it
expected that revenues for the first fiscal quarter of 2001 would be in the
range of $140 to $165 million.
In addition to historical information, this report contains statements
relating to future events or our future results. These statements are forward-
looking statements within the meaning of Section 27A of the Securities Act of
1933 and Section 21E of the Securities Act of 1934, as amended (the "Exchange
Act"), and are subject to the Safe Harbor provisions created by statute. Such
forward-looking statements include, but are not limited to, statements that
relate to our future revenue and demand forecasts. The last sentence of the
first paragraph of Item 5 of this report, above, is specifically identified as a
forward-looking statement.
Generally words such as "may," "will," "should," "could," "anticipate,"
"expect," "intend," "estimate," "plan," "continue," and "believe," or the
negative of or other variation on these and other similar expressions identify
forward-looking statements. These forward-looking statements are made only as
of the date of this report. We do not undertake to update or revise the
forward-looking statements, whether as a result of new information, future
events or otherwise.
Forward-looking statements are based on current expectations and involve
risks and uncertainties and our future results could differ significantly from
those expressed or implied by our forward-looking statements. These risks and
uncertainties include, without limitation, the risk of further order
postponements or cancellations; the risks associated with a substantial foreign
customer base; the risks associated with instability in foreign capital markets
and foreign currency fluctuations; the upward and downward volatility in the
demand for semiconductors and for the Company's products and services;
competitive pricing pressures; the risk of delays in introduction and customer
qualification of new products and services; the Company's ability to manufacture
and ship its products on a timely basis and the other risks described in our
reports and registration statements filed from time to time with the Securities
and Exchange Commission.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
KULICKE AND SOFFA INDUSTRIES, INC.
Date: November 8, 2000 By: /s/ Clifford G. Sprague
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Clifford G. Sprague
Senior Vice President and
Chief Financial Officer
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