Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 306.21

+1.7%

11:41 AM EST

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To: Narotham Reddy who wrote (10297)	11/3/1997 9:29:00 AM
From: Darin	Read Replies (1) of 70976

Also regarding ASMIF: ASM International N.V. (ASMIF) 12 1/16: chip equipment maker says its expects Q4 results to exceed Q3 numbers. Also sees increased bookings and continuing industry recovery. Stk indicated 5/8 of a pt higher. (Posted 9:20 ET). And the PR on the settlement: Applied Materials and ASM Announce Litigation Settlement BILTHOVEN, The Netherlands, Nov. 3 /PRNewswire/ -- ASM International (Nasdaq:ASMIF) and Applied Materials (Nasdaq:AMAT) today announced that they agreed to settle all litigation that each party had against the other. The agreement requires each party to license to the other party all of the patents that were in litigation, and certain additional patent rights. In addition to a royalty on the licensed products ASM will pay Applied $80 million. The parties also agreed not to sue each other for periods up to five years for infringement of certain other patents by products that were commercially available on July 1, 1997. ''After winning two trials and appeals, we are pleased to bring this matter to a successful conclusion,'' said James C. Morgan, Chairman of the Board of Applied Materials. ''Although we vigorously pursued our best interests,'' said Arthur del Prado, CEO of ASM International, ''we concluded that our customers' interest was in getting us out of court and continuing the healthy competition that exists between ASM and Applied. And this deal allows us to do just that.''

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