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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: stan s. who wrote (52389)	7/15/1999 10:46:00 AM
From: margin_man	Read Replies (1) \| Respond to of 90042

CS is looking good. It may get a lift over 15 today.

To: stan s. who wrote (52389)	7/20/1999 4:54:00 AM
From: Lex Luther	Read Replies (1) \| Respond to of 90042

Looks like SFAM could be breaking out to the next level very shortly on merger news with NVLS. You could call this a leading indicator! Monday July 19, 3:32 pm Eastern Time Company Press Release SpeedFam-IPEC Announces Appointment of J. Michael Dodson as CFO CHANDLER, Ariz.--(BUSINESS WIRE)--July 19, 1999--SpeedFam-IPEC, Inc. (Nasdaq:SFAM - news), a leading supplier of high-throughput chemical mechanical planarization (CMP) systems for the semiconductor industry and flat surface processing systems for the thin film memory disk media and silicon wafer industries worldwide, today announced the appointment of J. Michael Dodson as chief financial officer, effective August 9, 1999. Reporting to Richard J. Faubert, president and chief executive officer, Dodson will be responsible for SpeedFam-IPEC's finance, accounting, legal, and treasury operations, as well as management information systems and investor relations. He succeeds Roger K. Marach, whose resignation was announced previously. Dodson was vice president, corporate controller and chief accounting officer of Novellus Systems, Inc. (Nasdaq:NVLS - news), a leading supplier of thin film deposition technologies for semiconductor manufacturing. He joined Novellus as corporate controller in 1996 and was appointed vice president following the successful integration of Novellus' acquisition of the Varian Thin Film Systems Division, in which he played an instrumental role. ''Michael's financial management and industry experience with one of the largest and fastest-growing providers of semiconductor capital equipment made him an ideal candidate,'' said Faubert. ''His background will prove valuable in managing the completion of the integration of SpeedFam-IPEC and the growth of our CMP business.'' Prior to joining Novellus in 1996, Dodson spent 12 years with the public accounting firm of Ernst & Young. He holds a B.B.A. degree in accounting and information systems analysis and design from the University of Wisconsin at Madison, and is a certified public accountant (CPA) in the state of California. SpeedFam-IPEC, Inc. SpeedFam-IPEC, Inc. designs, develops, manufactures, markets and supports chemical mechanical planarization (CMP) systems used in the fabrication of semiconductor devices and other high-throughput precision surface processing systems. SpeedFam-IPEC's flat surface processing systems are used in the thin film memory disk media, silicon wafer and general industrial components markets. The company also markets and distributes polishing liquids (slurries), parts and consumables used in its customers' manufacturing processes. SpeedFam-IPEC, Inc. owns a 50-percent interest in each of two joint ventures, SpeedFam-IPEC Co., Ltd. (the Far East Joint Venture) and Fujimi Corporation. This press release contains forward-looking statements relating to leveraging synergies from the combined company and growth in the CMP market. Actual results may vary. The combined company may face difficulties successfully integrating operations. Expenses related to the merger and difficulties retaining employees may adversely affect the combined company. Research and development programs may not be successful in developing products and processes that address the needs of customers. The CMP market may not grow. Competitive conditions in the industry and technological changes may affect the market for CMP equipment and the timing of CMP growth in Asia is uncertain. See SpeedFam and IPEC's filings with the SEC for additional risks affecting the combined company. ------------------------------------------------------------------------ Contact: SpeedFam-IPEC, Inc. Roger K. Marach, Chief Financial Officer Addo Barrows, Director/Treasury Operations, 480/705-2113