Crossy please keep me informed if TXCC falls below 3 again. Right now I am finding other stocks in the semiconductor industry more compelling like ESST should it trade down at 17 again. Here is a research note I missed on ENTG last night from Briefing.com:
Entegris (ENTG) 14.07 +2.30: Raised Q2 outlook to a loss of about $0.02 vs loss of $0.04 expected by analysts. Rev for the qtr forecast at roughly $50 mln (consensus $45.93 mln). Salomon upgraded the stock.
And the actual news:
Friday March 15, 8:46 am Eastern Time
Press Release
SOURCE: Entegris, Inc.
Entegris Expects to Exceed Previous Company Guidance and Analyst Expectations for Second Quarter 2002 Results
Complete Financial Results for Second Quarter Scheduled to be Released on Monday, March 25, 2002
biz.yahoo.com
CHASKA, Minn.--(BUSINESS WIRE)--March 15, 2002-- Entegris, Inc. (Nasdaq:ENTG - news), the materials integrity management company, today announced that it expects to exceed previous company guidance and analyst expectations for its second quarter 2002, which ended March 2, 2002. Entegris expects to report quarterly revenues of about $50 million and a net loss of about 2 cents per diluted share for the second quarter 2002. In the first quarter 2002 financial release, Entegris indicated that it expected sales of about $46 million for second quarter 2002.
Details of the financial results and future expectations will be issued in a press release on Monday, March 25, 2002 after the market close. A teleconference to discuss second quarter financial performance is scheduled for the same day at 4:30 p.m. Eastern Standard Time (EST). The call will also be available live from the Entegris Web site at www.entegris.com/investors with a direct link to the webcast. For more information please visit the Entegris Web site and the press release issued on February 28, 2002, announcing the details on the conference call.
FORWARD-LOOKING STATEMENTS
Certain information in this news release does not relate to historical financial information and may be deemed to constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are subject to certain risks and uncertainties that could cause the company's actual results in the future to differ materially from its historical results and those presently anticipated or projected.
Among these risks and uncertainties are unexpected changes in expected results, general economic conditions, the cyclical nature of the semiconductor industry, the risks associated with the acceptance of new products and services and the successful integration of acquisitions. Other factors that could cause the company's results to differ materially from those contained in its forward looking statements are included in the Form 10K filed in November 2001and other documents filed by the company with the Securities and Exchange Commission.
ABOUT ENTEGRIS
Entegris products and services transport the critical materials that enable the world's leading technologies. Entegris is a leading materials integrity management company providing products and services used from production to consumption in the semiconductor, data storage, chemical processing, pharmaceutical and other key technology-driven industries worldwide.
Entegris is headquartered in Chaska, Minnesota, USA and has manufacturing facilities in the United States, Germany, Japan and Malaysia and is ISO 9001 certified. Directly and through alliances with Metron Technology, Marubeni and other distributors, Entegris provides customer support on six continents. Additional information can be found at www.entegris.com
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Contact:
Entegris, Inc., Chaska
Public Relations:
Dawn Felepe Klehr, 952/556-8079
dawn_felepe_klehr@entegris.com
or
Investor Relations:
Heide Erickson, 952/556-8051
heide_erickson@entegris.com |
