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Shares of semiconductor equipment maker

Kulicke & Soffa

(KLIC) - Get Kulicke & Soffa Industries, Inc. Report

fell more than 20% after the company warned yesterday that continued order deferrals and push-outs would hurt first-quarter revenue.

The company's shares were recently down $3.25, or 21.9%, to $11.63 in

Nasdaq

TheStreet Recommends

trading.

The company said it expects revenue for the first quarter ending Dec. 31 of $140 million to $165 million, compared with $179.8 million in the same period last year. The guidance doesn't include potential revenue that could result from the company's proposed acquisition of

Cerprobe

(CRPB)

.

The antitrust waiting period for the acquisition expired yesterday.