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Technology Stocks : Mattson Technology
MTSN 3.6000.0%May 12 5:00 PM EST
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To: SemiBull who wrote (3404)7/24/2001 9:31:17 AM
From: The Ox  Read Replies (1) of 3661
 
Mattson Tech warns about Q2 results
--8:43am - By Michael Baron
Mattson Technology (MTSN) says it expects second-quarter results to come in below the "guidance" it offering
during its first-quarter conference call. The company is now projecting revenue of $90 million to $100 million,
before the effects of the implementation of new accounting standards. Lower volume is expected to have an
adverse impact on gross margin, resulting in earnings that will be "substantially lower than expected." The
company didn't provide a specific earnings estimate. Analysts polled by First Call/Thomson Financial are currently
looking for a loss of 4 cents per share in the June quarter. "We have not been immune to the well publicized slow
down that has adversely impacted semiconductor manufacturing equipment suppliers," said Brad Mattson, the
company's CEO, in a press release. "A number of our customers have delayed delivery of existing orders, and
some have canceled orders as a reaction to the reduced demand for semiconductor products that they are now
experiencing. These delays and cancellations have caused our revenues to drop below our original expectations,
negatively affecting our gross margins and earnings."
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