KLA Tencor's Reporting Sequence Raises Eyebrows (KLAC)

Jan.25.06 | About: KLA-Tencor Corporation (KLAC)

KLA-Tencor (NASDAQ:KLAC) declared dividends two days before it will release earnings (on Jan 26). Dividend declarations before earnings are always dangerous and require more caveat emptor. A desperate management group could declare dividends before releasing bad news. Or if they do not declare the usual dividend then a signal is sent to the market without regard to the real intent of Reg FD.