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Technology Stocks : ASML Holding NV
ASML 1,060+2.3%2:33 PM EST

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To: Proud_Infidel who wrote (1055)1/18/2006 10:40:59 AM
From: niek  Read Replies (1) of 42736
 
ASML CEO say share buyback is very probable.

Wed Jan 18, 2006
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AMSTERDAM, Jan 18 (Reuters) - Dutch chip equipment maker ASML said there is a high probability it will buy back shares, after it said earlier on Wednesday it was making preparations but warned it could also make acquisitions.

"There's a high probability at this moment that we will execute a buyback," CEO Eric Meurice said in a statement.

ASML, the world's largest maker of semiconductor lithography machines which map out electronic circuits on silicon wafers, reported a better than expected first quarter profit and order intake.

ASML competes with Japan's Nikon Corp and Canon Inc and its customers include the world's largest chip maker Intel Corp and Taiwan Semiconductor Manufacturing, the world's largest contract chip maker.

Meurice said that based on 10 percent growth in chip demand next year, an ASML simulation programme suggested total lithography shipments of 500 units in 2006, of which ASML expects to grab more than its current market share which it estimates at around 57 percent in value terms and just over 40 percent in units.
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