Sun Tzu, AMAT WSJ Electonic Edition article, today, 6/17/99.
Paul
Technology Journal: Applied Materials' Triant Stake
SANTA CLARA, Calif. -- Applied Materials Inc. invested $2.2 million for a 12.5% equity stake in Triant Technologies Inc., a Nanaimo, British Columbia, producer of semiconductor health-monitoring and fault-detection software.
Applied Materials, a chip-equipment maker, also received 2,738,250 common share purchase warrants, exercisable for a two-year term at 80 cents a share in the first year and $1.20 a share in the second.
Under a separate license agreement, Applied Materials will become the exclusive reseller of Triant's software.
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