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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?


To: Frederick Langford who wrote (100965)4/27/2000 4:51:00 PM
From: Frederick Langford  Respond to of 108040
 
Sorry for the misinfo
RTEC reported 2/24
Still looks great with .18 eps
This semi should easily test 35 within this hot sector.

Monday April 24, 4:19 pm Eastern Time
Company Press Release
SOURCE: Rudolph Technologies
Rudolph Technologies Announces Record Earnings And Revenue
First Quarter Revenue Increases 160% Earnings Up 38% Over 1999 Fourth Quarter to a New Record
FLANDERS, N.J., April 24, 2000 (PRIMEZONE) -- Rudolph Technologies, Inc. (Nasdaq:RTEC - news) today reported results for the first quarter ended March 31, 2000.

Total revenue for the first quarter of 2000 was $17.0 million, a 160% increase over the comparable quarter of 1999 and a 32% sequential increase. Gross margin increased to 53%, up from 50% in the year-ago period and 52% in the fourth quarter of 1999, as a result of several positive developments. These include the Company's higher revenue, which covers a larger portion of fixed costs; cycle time reduction initiatives; and outsourcing, which combined to improve manufacturing efficiencies. The shipments in the quarter included Rudolph's SpectraLASER(r) and MatrixMetrology(tm) lines of transparent tools, which are enjoying increased acceptance, and multiple units of the Company's new MetaPULSE(r)copper tools.

The first quarter net income available to common shareholders was $2.9 million, or $0.18 per diluted share, compared to a 1999 first quarter net loss available to common shareholders of $671 thousand, or ($0.10) per diluted share.


Fred