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Technology Stocks : Asyst Technologies (ASYT) Good Value/Where is the Bottom?

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To: Cary Salsberg who wrote ()4/27/2000 9:08:00 PM
From: Jack Hartmann   of 2313
 
Asyst Tech CEO: Automated Chip Cleaning Becoming Vital
Dow Jones Newswires
4/27/2000
NEW YORK -- Asyst Technologies Inc. (ASYT) Chief Executive Mihir Parikh said automation of chip cleaning systems is the wave of the future.

"Cleanliness and quality of control is important," Parikh said during a CNBC interview Thursday. "We can no longer have human minds and human hands only managing this."

Late Wednesday, the Fremont, Calif. company reported fourth quarter earnings of 34 cents a share, beating the First Call/Thomson Financial consensus of 27 cents a share.

Parikh said his company was able to transform its lead in the 200-millimeter market into a lead in the 300-millimeter market.

The growth of wireless communications and the Internet should fuel fuel demand for chip clean rooms and cost-effective manufacturing, Parikh said.

-Laura Elizabeth Pohl, Dow Jones Newswires; 201-938-5392
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Onto another good quarter.
Jack
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