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Semicon watch: More bad news on the business front for KLA-Tencor |
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Jul 12, 2006 at 09:21 AM |
The last thing a company wants during Semicon West week is to have people buzzing about them for the wrong reasons.
Unfortunately for KLA-Tencor, another bit of troubling news came out yesterday. Seems the German antitrust volks have delayed approval of KLA-T's acquisition cum merger with ADE. U.S. authorities have already greenlighted the deal, and the two hopefully soon-to-be-wed companies are confident the Germans will quickly approve things. But it's just a bit more bad news on the business front for KLA-T.
After the news late last month of the company's special investigation committee's findings of possible stock option grant irregularities, any further less-than-rosy publicity is not something Rick Wallace and the rest of the KLA-T management team want to see. Given the technological and market strength of the company, and the potentially invigorating synergies created by the inclusion of ADE into the KLA-T mix, people will likely look back at these events as nothing more than a series of corporate bad-hair days.
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