The results for second quarter of fiscal 2009 incorporate the pre-tax impact of $435 million charge associated to the aggregate impairment of goodwill and the purchased intangible assets. The company reported a non-GAAP net loss of $20 million and non-GAAP loss per share of $0.12 for second quarter of fiscal 2009.
The continuing worldwide economic slowdown drove sharp reductions in our customers’ capital budgets, and KLA-Tencor experienced a greater-than-expected decline in orders and revenue at the end of the December quarter, including service revenue, stated Rick Wallace, president and chief executive officer of KLA-Tencor. In light of the current economic environment and our limited visibility regarding future market conditions, KLA-Tencor has been taking aggressive steps to reduce operating expenses and drive structural efficiencies across our organization, while maintaining a high level of investment in research and development, as well as our focus on customer service. We are confident these actions will allow us to sustain our technological and market leadership during this severe downturn and position us well when industry conditions improve, while protecting our balance sheet.
