Weak Demand Stings Kulicke & Soffa

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Kulicke & Soffa's (KLIC Quote) Q4 FY08 revenue plunged 59.6% to $61.23 million from $151.60 million in the prior year's quarter due to weaker demand in the sluggish economy and lower revenue from the Equipment segment.

Looking at the company's business segments, revenue from the Equipment segment plummeted 65.6% to $46.96 million from $136.65 million, while revenue from the Packaging Materials segment dipped 4.6% to $14.27 million from $14.96 million. Geographically, about 29.0% revenue came from China, 24.0% from Taiwan and 10.0% from Americas. ...