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Technology Stocks : Semiconductor Packaging (SEMX) -- Ignore unavailable to you. Want to Upgrade?

To: Howard Shlom who wrote (467)	4/26/2000 9:39:00 AM
From: Laszlo	Respond to of 545

Howard.... biz.yahoo.com SEMX looking strong today!!! L

To: Howard Shlom who wrote (467)	4/27/2000 12:34:00 PM
From: Douglas V. Fant	Respond to of 545

Howard, About three months ago, SEMX announced that they would acquire a ceramics specialty company right in the San Diego area called "Advanced Packaging Concepts". APC's products link with the thermal management products that SEMX already manufactures. In addition APC comes with a 'built-in' customer base in the telecommunications area. The acquisition should be accretive to SEMX's earnings IMO, and expands their manufacturing capacity to offer and assemble complete /thermal/ceramic packages now. That should help in their expansion into new markets. In addition the plant expansion in San Diego is now complete and permitted. These two events give SEMX the ability to increase revenues going forward...

To: Howard Shlom who wrote (467)	4/27/2000 12:40:00 PM
From: Douglas V. Fant	Read Replies (1) \| Respond to of 545

Howard, Here's the press release announcing the closure of the acquisition (from 4/12).... All Headlines SEMX Corporation's Polese Company Completes Acquisition of Advanced Packaging Concepts ARMONK, N.Y., April 12 /PRNewswire/ -- SEMX Corporation ("SEMX" or the "Corporation") (Nasdaq: SEMX), announced that its wholly owned subsidiary, Polese Company ("Polese Company"), located in San Diego, CA, completed the acquisition of the assets of Advanced Packaging Concepts ("APC"), located in Vista, CA. Although specific terms of the transaction were not disclosed, the Corporation confirmed that the assets and selected liabilities of APC were acquired for cash. In addition, associated intellectual property rights were acquired for approximately 95,000 shares of restricted SEMX common stock, valued at $1,000,000. Polese Company manufactures specialty heat dissipation materials and value-added assemblies that incorporate its heat dissipation materials primarily for the wireless and Internet infrastructure markets. APC manufactures ceramic packages for the wireless markets. It is SEMX's intention to integrate APC's manufacturing into Polese Company's existing facilities as soon as practicable. Frank J. Polese, President of SEMX's Materials Group and Polese Company, said, "In 1999 Polese Company initiated the strategy of expanding its services to its customers by providing assembled products which incorporated its heat dissipation materials. Our goal is to become the leading supplier of high power thermal packaging solutions. The acquisition of APC is an important step forward in the implementation of this strategy, as APC's proprietary "green tape technology" positions Polese Company to support the growing demand for high power, high frequency ceramic packages. In addition, this acquisition: -- broadens Polese Company's product offerings with the addition of multi-layer packages for high volume wireless communication applications, -- strengthens Polese Company's design and engineering capability for microelectronic packaging, and -- adds several major customers who have already qualified Polese Company / APC and who have expanding production requirements. "We expect to continue SEMX's focus on products and services that utilize Polese Company's capabilities to support the ever increasing demand for bandwidth in voice and data communications." This release contains forward-looking statements. Various factors could cause actual results to differ materially from those projected in such statements. These factors include, but are not limited to, the status of the US and worldwide economies, the continued growth of the semiconductor and microelectronic industries, the continuation of the demand for Polese Company's heat dissipation products and its ability to integrate the APC business. SEMX Corporation's Materials Group manufactures specialty materials and value-added assemblies incorporating its heat dissipation materials, primarily for the wireless and Internet infrastructure industries. Its products are key components in diverse industries and applications, including: wireless base stations, high bandwidth wireless and fiber optic voice and data communication systems, Internet and Intranet servers and routers, automotive, medical and other microelectronic devices and systems. Through its Services Group, SEMX reclaims silicon test wafers for the semiconductor industry. For further information, please contact the Corporation's Investor Relations Manager, Richard Graves, at 914-273-5500 or visit the Company's web site at semx.com. -------------------------------------------------------------------------------- SOURCE: SEMX Corporation CONTACT: Richard Graves, Investor Relations Manager of SEMX, 914-273-5500