Cymer CFO Says Revenue Will Rise as Much as 60% This Year
New York, March 22 (Bloomberg) -- Cymer Inc.'s. sales will rise as much as 60 percent this year because of higher shipments, especially overseas, the semiconductor laser maker's chief financial officer said.
CFO William Angus said sales will be ``extremely strong' in the second half. Sales were $220.5 million last year. Net income was $8.6 million or 29 cents a share. Cymer shares rose 3 1/8 to 54 1/8 at midday. They've more than doubled in the past year.
Cymer, based in San Diego, is the largest supplier of excimer lasers used in semiconductor making. The lasers produce light at precise wavelengths and transfer chip designs onto silicon wafers. As chipmakers shrink the size of circuits on semiconductors, they need lasers capable of producing higher-resolution images.
``There's overall strength in the market and our market share, with our Japanese customers coming in higher than anticipated,' Angus said at the Semiconductor Equipment and Materials International SEMInvest conference in New York.
ASM Lithography Holding NV of the Netherlands, one of Cymer's top customers, also will have a good year, Angus said. Business outside of the U.S. accounts for the majority of Cymer's sales.
Cymer will ship 500 lasers this year, compared with about 320 last year, Angus said.
Mar/22/2000 12:25
Too bad knucklehead 20,000 shares long too much pride to switch to the new SI, Curly isn't here to enjoy it! ;-) |
