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Technology Stocks : Asyst Technologies (ASYT) Good Value/Where is the Bottom?

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To: Cheryl Galt who wrote (1191)11/3/1998 9:57:00 PM
From: Ian@SI  Read Replies (2) of 2313
 
To thread,

Is this story about:

A new product/service?
A re-bundling of existing products / services?
Just a press release to put ASYT's name in the news?
... something else?

Thanks,
Ian.

biz.yahoo.com

Tuesday November 3, 4:18 pm Eastern Time
Company Press Release
Asyst Forms New Semiconductor Tool Automation Group
Appoints Ralph Patterson to Lead Tool Front-End Strategy
FREMONT, Calif.--(BUSINESS WIRE)--Nov. 3, 1998--Asyst Technologies, Inc. (Nasdaq:ASYT - news), the leading supplier of manufacturing automation and Standard Mechanical InterFace (SMIF) isolation to the semiconductor industry, has announced the formation of a new automation group to address the automated tool front-end market. The new group will be led by Ralph Patterson (53), who will serve as vice president of systems integration and report to Asyst's President and Chief Operating Officer Terry Moshier.

As the semiconductor manufacturing process increases in complexity and new process requirements such as copper and chemical mechanical planarization (CMP) emerge, fabs are incorporating greater levels of automation. A number of factors are driving the need for a complete integrated tool front-end system to manage the interactions and transactions between the process tool and the factory floor. These include process tool complexity, the need for ergonomic solutions, the emergence of new standards and more mainstream use of computer integrated manufacturing (CIM). Leveraging the company's existing core competencies in hardware and software, Asyst's strategy is to deliver complete fab/equipment interface solutions to OEMs and semiconductor manufacturers worldwide. This complete tool front-end solution includes robotics, minienvironments, software, auto identification and load port transfer interfaces.

Commenting on Asyst's new business focus, Moshier noted, ''Asyst is the only company possessing all of the key technologies necessary to assemble a complete tool front-end solution for our OEM customers and IC manufacturers. Automated tool front-end systems are a natural opportunity for Asyst and represent significant market and growth potential.'' Patterson added,
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