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Technology Stocks : Speedfam [SFAM] Lovers Unite ! -- Ignore unavailable to you. Want to Upgrade?

To: SemiBull who wrote (3490)	9/22/1999 7:26:00 PM
From: Mort	Respond to of 3736

Here are the numbers. About what was expected. TABLE - Speedfam IPEC Inc. Q1 loss widens September 22, 1999 04:30 PM Eastern Time CHANDLER, Ariz., Sept 22 (Reuters) - (dollars and shares in thousands, except per share data) Three Months Ended Aug 31, Aug 31, 1999 1998 Revenue: Net sales $ 50,327 $ 64,984 Commissions from affiliate -- 585 Total revenue 50,327 65,569 Cost of sales 35,160 46,399 Gross margin 15,167 19,170 Research and development 12,890 15,511 Selling, general and administrative 12,260 15,278 Operating loss (9,983) (11,619) Other income, net (88) 2,506 Loss from consolidated companies before income taxes (10,071) (9,113) Income tax benefit -- (1,096) Loss from consolidated companies (10,071) (8,017) Equity in net loss of affiliates (892) 728 Net loss (10,963) (7,289) Cumulative dividend on preferred stock -- (21) Net loss attributable to common stockholders (10,963) (7,310) Net loss per share: Basic and diluted: Net loss attributable to common stockholders (0.37) (0.25) Weighted average number of shares: Basic and diluted 29,404 28,677 ((--Los Angeles bureau + 1 213 380 2014)) REUTERS -------------------------------------------------------------------------------- Following are Reuters Alerts related to this article -------------------------------------------------------------------------------- ALERT SPEEDFAM IPEC Q1 SHR LOSS $0.37 VS LOSS $0.25 REUTERS -------------------------------------------------------------------------------- Terms of Use. ¸ 1996-1999 Microsoft Corporation and/or its suppliers. All rights reserved.

To: SemiBull who wrote (3490)	9/23/1999 8:56:00 PM
From: Proud_Infidel	Read Replies (1) \| Respond to of 3736

RESEARCH ALERT - Speedfam EPS view lowered NEW YORK, Sept 23 (Reuters) - Lehman Brothers analyst Edward White said he lowered his fiscal year 2000 earnings-per-share estimate for semiconductor equipment maker Speedfam-IPEC Inc. Thursday. -- In a report, he cut his estimate to a loss of $0.35 a share. His previous estimate had been for nil earnings a share. -- ``This adjustment in no way reflects a change in our positive outlook for Speedfam-IPEC. Our previous estimate was too aggressive, in particular our gross margin assumption,' he wrote. -- The company reported Wednesday a net loss of $11 million, or $0.37 a share, on revenues of $50.3 million. The earnings were in line with Wall Street forecasts, but below Lehman Brothers' estimate of a loss of $0.30 a share. -- Speedfam-IPEC shares were up 13/16 at 14-1/16.