SEMITOOL (SMTL):Is it a hold? Message Board

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Technology Stocks : SEMITOOL (SMTL):Is it a hold?

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To: SemiBull who wrote (967)	11/5/2003 11:43:48 PM
From: SemiBull	Read Replies (1) of 973

Semitool posts larger loss on inventory writedown Tuesday November 4, 5:29 pm ET SAN FRANCISCO, Nov 4 (Reuters) - Semiconductor equipment manufacturer Semitool Inc. (NasdaqNM:SMTL - News) on Tuesday posted a quarterly net loss that widened almost five-fold from a year ago on a large write-down of obsolete inventory and as demand slowed during the summer months. The Kalispell, Montana-based company said it had a net loss for the fourth quarter ended Sept. 30 of $14 million, or 49 cents a share, compared with a year-ago net loss of $2.89 million, or 10 cents a share. Revenue fell 30 percent to $26.1 million from $37.2 million. Excluding a write down of 41 cents a share for obsolete inventory, or $19.1 million pretax, Semitool said it had a loss of $2.06 million, or 7 cents a share.

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