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Technology Stocks : Cymer (CYMI) -- Ignore unavailable to you. Want to Upgrade?

To: Ian@SI who wrote (22778)	8/2/1999 8:30:00 PM
From: Proud_Infidel	Read Replies (1) \| Respond to of 25960

ASM orders surge, 2Q net earnings up 92% Aug 02, 1999 --- * Second quarter new orders amounted to $126 million, the highest quarterly amount in the last five years * Based on its order activity, ASM management believes net earnings for 1999 will exceed those achieved in 1998 ASM International N.V. recorded Nlg 12.2 million ($5.7 million) in second quarter net earnings, 92 percent more than the net earnings for the same period last year. Diluted net earnings per share for the quarter amounted to Nlg 0.31 (14 cents), an increase of 75 percent versus the year ago period. The earnings reduced ASM's six-month net loss to Nlg 13.6 million ($6.4 million) or Nlg 0.38 (18 cents) per share, including the first quarter restructuring charge. Net sales for the quarter totaled Nlg 12. 8 million ($99.5 million), a 28 percent improvement upon net sales in the same period last year and 83 percent higher sequentially. Both back-end activities (76 percent) and front-end activities (93 percent) achieved substantial sequential growth. Net sales for the six months end on par with the net sales in the corresponding period a year ago. Year-to-date front-end net sales slipped 4 percent to Nlg144.6 million ($67.6 million), while back-end Year-to-date net sales improved to Nlg 184.4 million ($86.2 million) 3 percent ahead of last year. New orders booked during the second quarter of 1999 amounted to Nlg 269 million ($126 million), the highest quarterly amount in the last five years, a sequential quarterly increase of 33 percent and year-over-year increase of 81 percent. The backlog stands at Nlg 259 million, 28 percent higher than at the end of March and 123 percent higher than at the end of 1998. Based on its order activity, ASM management believes net earnings for 1999 will exceed those achieved in 1998.