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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.
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To: Mr Metals who wrote (20026)1/13/2000 10:33:00 AM
From: SSP  Read Replies (2) of 150070
 
IBC: Alert -- Sitek and Applied Materials lead semis higher

JAN 13, 2000, M2 Communications - Irvine, CA --
(www.ibchannel.com/ibcplus) -- Ibchannel.com reported today that
semiconductor stocks were broadly higher today - Sitek (OTCBB: SITK) up
over 6% and Applied Materials up over 3.5%.

Experts at the annual Semiconductor Industry Strategy Symposium
forecasted a banner year for semiconductor companies such as Applied
Materials (Nasdaq: AMAT) and Sitek (OTCBB: SITK) that make the
equipment and materials which in turn make the chips or electronic
brains used in everything from desktop PCs to portable wireless
telephones. Growth in the Industry Could Run up to 40% in 2000 With
Several Years of Back-to-back Growth on the Horizon.

Dan Rose, president of research firm Rose Associates, said that the
upturn was so strong it was producing shortages of materials needed to
make key components used in computing systems. He also said the
companies that make silicon wafers, the foundation of most electronic
devices, were starting to increase their prices because of the rising
demand. Experts remarked the explosion could push growth in the
industry by as much as 40 percent in 2000, depending on a number of
factors. He said he could easily see growth in orders running 27
percent in 2000, and a similar percentage in 2001.



About SITEK Incorporated

SITEK Inc. unveiled today the 'Corona' Polishing Head (TM) a
high-performance chemical mechanical planarization (CMP) wafer carrier
designed to retrofit onto existing 372/472 CMP tools in the field.
Boasting the industry's best price-to-performance ratio, the Corona
offers better overall performance than that of the highest performance
polishing heads on the market at a cost comparable to mid-range
performance polishing heads.

SITEK, through its operating subsidiaries and divisions, specializes
in providing technical and manufacturing solutions to the semiconductor
electronics industry. The Company's broad range of products and
services include the design and manufacture of next-generation
semiconductor equipment including CMP systems, diffusion and other high
temperature systems, ultra- high purity gas delivery systems, and
Magnetic Anneal systems. SITEK also specializes in the sale of
pre-owned semiconductor equipment and advanced manufacturing system
automation. The company also provides value-added processing of silicon
wafers and semiconductor engineering and technical services. For more
information please call (480) 431-0444 or visit SITEK's Web site at
www.SITEKgroup.com.
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