To: Mr Metals who wrote (20026 ) 1/13/2000 10:33:00 AM From: SSP Read Replies (2) | Respond to of 150070
IBC: Alert -- Sitek and Applied Materials lead semis higher JAN 13, 2000, M2 Communications - Irvine, CA -- (www.ibchannel.com/ibcplus) -- Ibchannel.com reported today that semiconductor stocks were broadly higher today - Sitek (OTCBB: SITK) up over 6% and Applied Materials up over 3.5%. Experts at the annual Semiconductor Industry Strategy Symposium forecasted a banner year for semiconductor companies such as Applied Materials (Nasdaq: AMAT) and Sitek (OTCBB: SITK) that make the equipment and materials which in turn make the chips or electronic brains used in everything from desktop PCs to portable wireless telephones. Growth in the Industry Could Run up to 40% in 2000 With Several Years of Back-to-back Growth on the Horizon. Dan Rose, president of research firm Rose Associates, said that the upturn was so strong it was producing shortages of materials needed to make key components used in computing systems. He also said the companies that make silicon wafers, the foundation of most electronic devices, were starting to increase their prices because of the rising demand. Experts remarked the explosion could push growth in the industry by as much as 40 percent in 2000, depending on a number of factors. He said he could easily see growth in orders running 27 percent in 2000, and a similar percentage in 2001. About SITEK Incorporated SITEK Inc. unveiled today the 'Corona' Polishing Head (TM) a high-performance chemical mechanical planarization (CMP) wafer carrier designed to retrofit onto existing 372/472 CMP tools in the field. Boasting the industry's best price-to-performance ratio, the Corona offers better overall performance than that of the highest performance polishing heads on the market at a cost comparable to mid-range performance polishing heads. SITEK, through its operating subsidiaries and divisions, specializes in providing technical and manufacturing solutions to the semiconductor electronics industry. The Company's broad range of products and services include the design and manufacture of next-generation semiconductor equipment including CMP systems, diffusion and other high temperature systems, ultra- high purity gas delivery systems, and Magnetic Anneal systems. SITEK also specializes in the sale of pre-owned semiconductor equipment and advanced manufacturing system automation. The company also provides value-added processing of silicon wafers and semiconductor engineering and technical services. For more information please call (480) 431-0444 or visit SITEK's Web site at www.SITEKgroup.com.