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Technology Stocks : Silicon Valley Group

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To: FJB who wrote (2049)	4/6/1999 9:50:00 AM
From: Ian@SI	Read Replies (1) of 2946

Bob, A somewhat more informative post, but not much, is on DowJones NewsWire... ++++++++++ April 6, 1999 Dow Jones Newswires Silicon Valley Grp Puts 2Q Rev 30% Below 1Q Rev $85.5M Dow Jones Newswires SAN JOSE -- Silicon Valley Group Inc. (SVGI) expects second-quarter revenue to be about 30% lower than the $85.5 million reported in the first quarter. In a press release Tuesday, the company said the shortfall was due to the timing of customer requirements and a "minor" production delay of a laser-based lithography product. A First Call survey of nine analysts produced a mean estimate for the company's second-quarter loss of 33 cents a share. Silicon Valley Group had net income of $9.6 million, or 29 cents a diluted share, on sales of $195.9 million for the second quarter ended March 31, 1998. The maker of automated wafer processing equipment expects revenue for the second half of 1999 to be potentially "significantly higher" than first half revenue based on the backlog of lithography products orders, The company plans to report second-quarter financial results before the market opens on April 21.

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