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Technology Stocks : PRI Automation (PRIA) -- Ignore unavailable to you. Want to Upgrade?


To: orkrious who wrote (879)1/30/2000 11:40:00 AM
From: Proud_Infidel  Respond to of 1214
 
PRI Automation Reiterated `Strong Buy' at Morgan Stanley DW
By Sybil Carlson
Princeton, New Jersey, Jan. 28 (Bloomberg Data) -- PRI Automation Inc.
(PRIA US) was reiterated ``strong buy' by analyst Jay Deahna at Morgan
Stanley Dean Witter. The price target is $90.



To: orkrious who wrote (879)2/2/2000 3:13:00 PM
From: Proud_Infidel  Read Replies (1) | Respond to of 1214
 
PRI Wins Factory Automation Order At Samsung Fab In Korea
- Large Factory Automation Order Expands PRI's Presence in Korean Market -
BILLERICA, Mass., Feb. 2 /PRNewswire/ -- PRI Automation, Inc. (Nasdaq: PRIA - news), the global leader in semiconductor factory automation, today announced a major factory automation order from Samsung Electronics Co., Ltd. in Korea. The order, which includes TurboStocker(TM) wafer storage systems, AeroTrak(TM) overhead monorail wafer transport and TransNet(TM) material control software, is PRI's largest to date from a major Korean semiconductor manufacturer and increases PRI's presence in the important Korean semiconductor market. PRI will install the systems in Samsung's new Line 10 facility, a 200mm wafer processing fab located in Hwasung-gun, Kyonggi Province.

''This order represents a real breakthrough for PRI into our competitor's installed base in the Korean market place,'' said Mitch Tyson, president and chief executive officer, PRI Automation. ''We have made a significant investment in the Korean market by building a local infrastructure capable of growing and supporting our business within the country. Our investment has begun to pay off and we look forward to working with Samsung on this project and continuing to grow our presence in this important semiconductor manufacturing region.''

PRI's AMHS systems are part of an integrated solution designed to optimize the flow of wafers and information throughout the fab, thereby increasing overall factory effectiveness (OFE). As manufacturers look for ways to drive down costs while at the same time implementing increasingly complex processes, they require ''intelligent'' automation solutions. PRI is in a unique position to respond to this requirement by providing complete factory and tool automation hardware and software systems that are designed and implemented to meet customers' specific requirements and supported wherever they do business worldwide.

About Samsung Electronics

Samsung Electronics Co., Ltd., with 1998 sales revenue of U.S.$16.6 billion, is a world leader in the electronics industry. The Korea-based firm has operations in 46 countries and employs 42,000 people worldwide. The company consists of three main business divisions: Multimedia & Home Appliances, Semiconductors and Information and Telecommunications. For more information about Samsung's semiconductor business visit Samsung online at www.samsungsemi.com.

About PRI Automation

PRI Automation, Inc., headquartered in Billerica, Massachusetts, is the leading global supplier of advanced factory automation systems and software that optimize the productivity of semiconductor and precision electronics manufacturers as well as OEM process tool manufacturers. PRI is the only company to provide a tightly integrated and flexible hardware and software solution that optimizes the flow of products, data, materials and resources throughout the production chain. The company has thousands of systems installed at approximately one hundred locations throughout the world. For more information visit PRI online at www.pria.com.

TurboStocker, AeroTrak and TransNet are registered trademarks of PRI Automation.

SOURCE: PRI Automation, Inc.