this is quite bullish...though i'm sure needham and semi industry bears will radically disagree.... OTOH....are there really any ATMI specific bears when you think about it??? beyond poor bull cousins.....
A T M I Announces Major Capacity Expansion
New Gallium Arsenide Epi Facility to Support Growth of Wireless Market
DANBURY, CT - October 17, 2000 -A T M I, Inc. (Nasdaq: ATMI), today
announced a planned expansion of its gallium arsenide epi capacity. A new
50,000 sq. ft. facility in Phoenix, Arizona is presently being facilitized
to contain 11 Aixtron 2600 MOVPE high throughput reactors with space
planned for 8 additional reactors.
Phil Yin, President of ATMI Services said, "We believe that the analog
GaAs market will grow at rates well exceeding general semiconductor
industry growth rates. One of the key drivers for this growth is the
telecommunications industry including mobile handsets and other
complementary wireless devices. These devices will require gallium
arsenide based epitaxial products for heterojunction bipolar transistor
(HBT) applications. ATMI has demonstrated unique capability in the
manufacture of InGaP based HBTs, and we are presently in a sold out
condition for these products."
Doug Neugold, President of ATMI said, "This expansion is a clear
indication of ATMI's commitment to meeting its customers needs for GaAs
epitaxial services and to ATMI's end goal of becoming the world's largest
epitaxial service provider. ATMI is already the world leader in specialty
silicon based epitaxial services and is driving towards a similar position
in silicon germanium."
A T M I provides specialty materials and related equipment and
services to the worldwide semiconductor industry.
Statements which are not historical information are forward looking,
and involve risks and uncertainties, including, but not limited to: changes
in semiconductor industry growth or A T M I's markets; competition,
problems, or delays developing and commercializing new products; problems
or delays in integrating acquired operations and businesses into A T M I;
and other factors discussed in A T M I's filings with the Securities and
Exchange Commission. Such risks and uncertainties could cause actual
results to differ from those projected. |
