Exhibit 99.1
DRAFT NEWS RELEASE
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KLA-Tencor Contacts:
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Jeff Hall |
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Chief Financial Officer |
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(408) 875-6800 |
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jeff.hall@kla-tencor.com |
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Kyra Whitten (Media) |
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Sr. Director, Corporate Communications |
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(408) 875-7819 |
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kyra.whitten@kla-tencor.com |
FOR IMMEDIATE RELEASE
February 22, 2007
KLA-TENCOR ANNOUNCES $750 MILLION ACCELERATED SHARE
REPURCHASE AND AN ADDITIONAL 10 MILLION SHARE REPURCHASE
PROGRAM
SAN JOSE, CA — KLA-Tencor Corporation (NasdaqGS: KLAC) today
announced that it has entered into an accelerated share repurchase
agreement under which the Company will repurchase $750 million
of its common stock. The Company also announced that its Board of
Directors has approved a new 10 million share repurchase program. The new accelerated share repurchase and the new 10 million share repurchase program are in
addition to the existing 10 million share repurchase program authorized by the Company’s Board of
Directors in February 2005.
About KLA-Tencor: KLA-Tencor is the world leader in yield management and process control
solutions for semiconductor manufacturing and related industries. Headquartered in San Jose,
Calif., the company has sales and service offices around the world. An S&P 500 company, KLA-Tencor
is traded on the NASDAQ Global Select Market under the symbol KLAC. Additional information about
the company is available on the Internet at http://www.kla-tencor.com, which website is not part
of this press release.
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