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To: Joan Osland Graffius who wrote (17886)	10/11/1999 4:44:00 PM
From: Cynic 2005	Respond to of 18056

Here is some corporate drivel: <<"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." Hill continued, "We have realigned our corporate structure to increase focus on our customers' critical process integration issues and provide a framework for future corporate growth. The reorganization established a new unit, Integration and Advanced Development, aimed at unit process integration issues and developing risk minimization strategies for fabs working with new metals and low-k dielectric materials. We also combined the existing dielectrics and metals product lines into a focused Business Operations Group, and merged the company's engineering and manufacturing functions into a single organization, Systems Development, Engineering and Operations, which will help accelerate new products' time-to-market.">> From NVLS earnings announcement!