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Technology Stocks : Cymer (CYMI)
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To: Ian@SI who wrote (22639)7/21/1999 3:55:00 AM
From: FJB  Read Replies (2) of 25960
 
ASML beat estimates by a few $M and their backlog has more than doubled, since the end of last year. 133 new orders received in their fiscal half year vs. 31 in the year ago period.

Press Release
hrm.asml.nl

Dow Jones Newswires -- July 21, 1999
DJ ASML 1H Net Pft EUR4M Vs EUR64M In '98

ASM Lithography - Veldhoven, the Netherlands
6 Mos June 30: 1999 1998Net
Profit EUR4 mln EUR64 mln
Sales 408 mln 455 mln
New Orders Received 133 31
Earnings Per Share 0.03 0.46

- ASM Lithography NV (ASML) said Tuesday that net profit in the first
half dropped sharply, as the effects of the slump in the
semiconductor industry hit results.

- The results were better-than-expected; analysts had projected
earnings between a loss of EUR2.2 million and a net profit of EUR1.9
million.

- ASML said the profit level in 1999 should be at the same level as
in 1998, when profit came in at EUR136.6 million.

- The company, which makes semiconductor equipment, had said earlier
that 1999 profit was expected to come in below 1998 levels.

- The order book as of June 30 stood at EUR616 million, compared with
EUR289 million at the end of 1998.

- ASML's market share dropped slightly to 29% as of July 1999 from
30% in 1998.

- Gross margins fell to 28% in the first half of 1999 from 42.8% in
the same period in 1998.

- Margins were pressured by extra costs due to sales of new systems
and high introduction costs from more advanced systems.

- ASML Chairman Willem Maris said the semiconductor market was busy
recovering after the slump and said ASML expects to increase its
market share as the sector recovers.

- "We expect a gradual improvement in margins and a good second
half," Maris said.
interactive.wsj.com

Yahoo blurb
biz.yahoo.com
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