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Technology Stocks : Speedfam [SFAM] Lovers Unite !
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To: SemiBull who wrote (3698)2/19/2002 5:12:10 PM
From: Proud_Infidel  Read Replies (1) of 3736
 
SpeedFam-IPEC Announces Termination of Proposed Sale/Leaseback Transaction
CHANDLER, Ariz.--(BUSINESS WIRE)--Feb. 19, 2002--SpeedFam-IPEC, Inc. (Nasdaq: SFAM - news), a global supplier of leading-edge chemical mechanical planarization (CMP) systems for advanced semiconductor manufacturing, today announced that it has terminated discussions related to the proposed sale/leaseback of its corporate headquarters. The decision was made during the company's due diligence period. The company is currently pursuing a similar transaction with other potential buyers.

SpeedFam-IPEC, Inc.

SpeedFam-IPEC, Inc. is a pioneer and innovator in the manufacture of chemical mechanical planarization (CMP) systems used in the fabrication of advanced semiconductor devices. With more than 1,300 CMP systems installed worldwide, the company enables the development of next-generation integrated circuit technology through its leading-edge polishing systems. SpeedFam-IPEC also markets and distributes parts used in CMP and precision surface processing. With headquarters in Chandler, Ariz., and offices throughout the world, SpeedFam-IPEC is publicly traded on Nasdaq under the symbol ``SFAM.'' The company's web site URL is www.sfamipec.com.
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