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Technology Stocks : Mattson Technology -- Ignore unavailable to you. Want to Upgrade?

To: JK who wrote (1976)	10/11/1999 5:41:00 PM
From: Q.	Read Replies (1) \| Respond to of 3661

Novellus was the first front-end semi equip to report this quarter. They had an outstanding quarter, and the reasons that were given for this success are mainly sector-wide trends. IMO these are likely to impact nicely on Mattson's report later this month. In the following excerpt from Novellus' report, note the mention of "capacity buys" which is important because Mattson is more heavily dependent on these than most front-end semi-equips: Bookings in the third quarter of 1999 were the highest recorded in the company's history and exceeded a 1:1 book-to-bill ratio for the fourth consecutive quarter. "Record bookings highlighted the quarter in which revenue, net income and cash generation showed continued improvement," said Richard Hill, chairman and chief executive officer. "The semiconductor industry appears to be in the early stages of a broad-based recovery, inventories are low and demand is seen across all product types, especially telecommunications and consumer electronics. Bookings and earnings strength are attributable to both capacity and technology buys of our core products."