Should see a little up swing tomorrow with this news release:
ESI Announces Order in Excess of $3 Million from Hyundai
Electronics Industries for Memory Yield Improvement Systems
PORTLAND, Ore., Sept. 24 /PRNewswire/ -- Electro Scientific Industries, Inc. (Nasdaq: ESIO) announced the order for multiple Model 9250 memory repair systems to Hyundai Electronics Industries. Hyundai has ESI memory production systems in their facilities around the world. Purchased in the current quarter, the new systems will be installed at Hyundai's Ichon, South Korea semiconductor facility.
Mr. K.S. Lee, Section Chief of the Semiconductor Procurement Department, Hyundai Electronics said, "ESI's memory yield improvement systems are among the most productive pieces of equipment in our fab. These units will be added to our existing yield improvement capacity in Ichon. We have selected ESI in the past for their reliability and performance and we are certain they will help Hyundai meet future production requirements."
In announcing the order Jack Kurdock, Vice President and General Manager of ESI's Portland Operations said, "We are pleased to be providing Hyundai with additional memory production capability. The 9250 is the leading product for improving yield in the capacity based production of standard memory products with factory-proven throughput, yield and uptime performance."
About Hyundai Electronics Industries Co.
Hyundai Electronics Industries Co. (HEI) is a worldwide leader in the development, sales, marketing and distribution of a wide array of electronic devices. HEI's largest division is the Semiconductor Division, which is responsible for sale of memory chips, including 16 and 64 megabit DRAMs. Hyundai has invested to become a leading supplier of DRAM products and is currently ranked as the fourth largest supplier worldwide. HEI's parent company is the Hyundai Business Group of Seoul, Korea and is one of the world largest business enterprises with annual revenues over $70 billion.
About ESI
ESI, headquartered in Portland, Oregon, designs and manufactures sophisticated products used around the world in electronics manufacturing including: laser manufacturing systems for semiconductor yield improvement; production and test equipment for the manufacture of surface mount ceramic capacitors; laser trim systems for precise electrical tuning of circuits; precision laser and mechanical drilling systems for electronic interconnect; and machine vision systems.
/CONTACT: Larry Rapp, Investor Relations of 503-671-5446, or Kimberly McAlear, Press Relations, 503-671-5233, both of Electro Scientific Industries, Inc./ |
