On 8 April, FSII issued a news release on the sale of its new ZETA(TM) Surface Conditioning System. The full story is listed below.
FSII closed at 5.94 on 4/8. Four trading days later, on 4/14, FSII closed at 7.81, a gain of 31 percent. Since then it has "meandered" about, but with an upward bias. Friday, 5/28, it closed at 8.19 for a gain of 38 percent since 4/8. Not much trading volume yet, but the news definitely seemed to cause a nice upward trend in the stock.
Does anyone have any further insight into the significance of FSII's sale? Was it an important milestone or is the stock responding only to an oversold condition?
TIA,
Don W.
MINNEAPOLIS--(BUSINESS WIRE)--April 8, 1999--FSI International,
Inc. (Nasdaq: FSII) announced today it has received an order for its
new ZETA(TM) Surface Conditioning System. The customer, a key industry
semiconductor manufacturer, will use the tool in support of its copper
interconnect process. The system is expected to ship in the fourth
quarter of fiscal 1999.
The customer, who has a global installed base of MERCURY(R)
Surface Conditioning Systems, selected the automated ZETA System to
enhance productivity in its SMIF-based fab. "This customer selects FSI
spray tools because they provide better flexibility to run different
recipes and allow more efficient and environmentally safe use of
chemicals and DI water," says Dale Courtney, FSI president of the
Surface Conditioning Division.
FSI's ZETA Surface Conditioning System is a fully automated spray
batch processor that performs a wide variety of submicron cleaning,
stripping and etching applications. It is designed to meet all factory
automation requirements for both 200- and 300-mm wafer technology.
FSI Surface Conditioning Division is a leader in producing
automated surface conditioning equipment for processing silicon
wafers. In addition to the ZETA System, the division's products
include the ARIES(R) CyoKinetic Cleaning Systems, which uses inert,
frozen gas crystals to clean wafers for defect reduction and yield
enhancement; MERCURY(R) Surface Conditioning Systems, which also
perform submicron cleaning, etching and photoresist stripping
applications; and EXCALIBUR(R) Vapor HF and Advanced Vapor Cleaning
Systems, which perform critical cleaning and specialty etching
applications. The division has design and manufacturing facilities in
Chaska, Minn.
FSI International, Inc. is a leading global supplier of
processing equipment used at key production steps to manufacture
microelectronics. The company develops, manufactures, markets and
supports products used in the technology areas of microlithography,
surface conditioning and chemical management. FSI International's
customers include microelectronics manufacturers located throughout
North America, Europe, Japan and the Asia-Pacific region.
Additional information on FSI International can be obtained by
accessing its homepage at fsi-intl.com. |
