New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 8, 2014
06:35 EDTKLACKLA-Tencor board announces $1B share repurchase authorization
The board approved an increase in the company's share repurchase program for up to 13M additional shares of the company's common stock. This is in addition to the company's prior repurchase authorizations, under which approximately 2M shares remained available for repurchase as of June 30. The company's share repurchase program is now valued at over $1B based upon the closing price of the company's common stock as of July 7. The company presently anticipates that the current share repurchase authorization will be executed over the next 12-18 months.
News For KLAC From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
June 26, 2015
06:38 EDTKLACKLA-Tencor backs Q4 non-GAAP EPS 78c-$1.02, consensus 91c
Subscribe for More Information
06:37 EDTKLACKLA-Tencor to recognize $26M-$36M in costs related to workforce reduction
KLA-Tencor currently estimates that, in connection with the global employee workforce reduction plan, it will recognize net charges in the range of approximately $26M-$36M for estimated severance costs and other related costs. Substantially all of these net charges are expected to be cash expenditures. The company expects to recognize a majority of these charges in the fourth quarter of fiscal year 2015. On April 23, 2015, the company announced a plan to reduce its global employee workforce by up to 10% to streamline its organization and business processes in response to changing customer requirements in its industry. The goal of this reduction is to enable continued innovation and direct the company’s resources toward its best opportunities. The company expects to substantially complete the employee reduction by the end of the first quarter of fiscal year 2016, but certain reductions will occur in the second quarter of fiscal year 2016.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use