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Technology Stocks : Rudolph Technologies Inc-(RTEC)

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To: robert b furman who wrote (61)10/28/2002 4:44:44 PM
From: Proud_Infidel  Read Replies (1) of 106
 
Rudolph's Q3 sales up 16%, sees 5-10% growth in Q4
Semiconductor Business News
(10/28/02 04:27 p.m. EST)

FLANDERS, N.J.--Rudolph Technologies Inc. today reported sales of $15.2 million in the third quarter ended Sept. 30, up 16% sequentially from $13.1 million and flat from $15.1 million for the third quarter of 2001.

The supplier of metrology tools also reported a net loss of $3.1 million, or minus $0.19 a share, compared to a profit of $859,000, or $0.05 a share, a year ago. In the previous period, the Flanders-based company reported a net of $656,000, or $0.04 a share.

"Our customers have continued to invest in technology purchases for the front-end of the fab, despite the difficult overall environment," commented Paul F. McLaughlin, chairman and CEO of Rudolph, in a statement. "And although capacity utilization remains soft, our leading-edge tools are continuing to receive broad acceptance at the design engineering level,” he said.

The company currently anticipates revenue for the fourth quarter ending December 31, to grow 5-10% sequentially, with earnings of $0.02 per diluted share, plus or minus $0.01.
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