For those of us believe that NVLS might make a move for SFAM, the following PR is a necessary first step....(though this is purely speculative)
SpeedFam-IPEC Announces Resignation of Director
CHANDLER, Ariz.--(BUSINESS WIRE)--March 21, 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 Richard S. Hill, CEO of Novellus Systems, Inc., has resigned as a director of SpeedFam-IPEC.
Mr. Hill stated, ``In light of general industry conditions, I thought it appropriate to limit my outside activities and focus primarily on Novellus. However, I look forward to continuing our work with SpeedFam-IPEC as the CMP partner in the Damascus Alliance and wish the company the greatest success.''
Pete Simone, chairman of SpeedFam-IPEC, commented, ``Rick has been a terrific director, and we will surely miss him on the board. However, we look forward to continuing our long-standing relationship in the Damascus Alliance with Novellus and to working with Rick in that capacity. As part of the Damascus Alliance, the companies have made substantial progress in tackling the technology transition to copper dual Damascene manufacturing. The SpeedFam-IPEC Momentum(TM) CMP system is in the Alliance's Customer Integration Center at Novellus, the central location for Alliance collaboration and joint development.''
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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Contact:
SpeedFam-IPEC
J. Michael Dodson, 480/705-2119 (CFO)
Lisa Lyscio, 480/705-2119 (Investor Relations)
llyscio@sfamipec.com |
