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To: Philip W. Dunton, Jr who wrote (4199)	7/26/2000 9:19:29 AM
From: Proud_Infidel	Read Replies (1) \| Respond to of 5867

Semiconductor Mfg. Equipment for 300mm to Reach 30-40 Pct. of Sales by 2004, Tokyo Electron Exec. Says July 26, 2000 (TOKYO) -- Tetsuo Tsuneishi, executive vice president of Tokyo Electron Ltd., said manufacturing equipment for 300mm wafers will reach 30-40 percent of his company's sales in the future. Tokyo Electron will develop its semiconductor manufacturing equipment for 300mm wafers based on a 0.13-micron design rule. Mass production is planned within this year. Sales of such manufacturing equipment of the company will account for 30 percent to 40 percent of total sales in 2004, Tsuneishi said. According to Tsuneishi, among the mass production equipment the company is ready to sell are application/development units, etching system units, oxidization/diffusion furnaces and wafer probers. It will proceed with the development of a wafer deposition unit (wafer-CVD) and a cleaning system unit and finish preparations within this year, he said. With such moves by the equipment maker, he forecasts that leading LSI chip makers will start constructing production lines for mass producing the 300mm wafer in 2001, and then start them on a full scale between the latter half of 2001 and the beginning of 2002. However, some LSI chip makers are delaying their shift to production of 300mm wafers intentionally because they are producing various types of LSI chips or they don't need to produce 300mm wafers. And some intend to avoid risks accompanying the 300mm production. As a result, migration to 300mm wafers will proceed step-by-step, and will take about five years to complete, Tsuneishi said. Tokyo Electron's sales of manufacturing equipment for 300mm wafers are expected to account for 5-6 percent of its overall sales in 2000, 10-20 percent in 2001, 20-30 percent in 2002, and 30-40 percent in 2004, according to Tsuneishi. (Nikkei Microdevices)

To: Philip W. Dunton, Jr who wrote (4199)	7/26/2000 7:37:16 PM
From: Proud_Infidel	Read Replies (3) \| Respond to of 5867

Misc CC Notes: * Revs increased most in North America & Asia * Backlog exceeded 500 Million * Cash increased by 50 Million in the Q to 432 Million * DSO of 79 days * Inventory turnover 3.6X(a Record) * Stock Repurchase for Q= $26 Million(Note by Me: no mention of number of shares, so cannot see what the average purchase price was) * Used essentially all of the Tax Loss Carryforward * Exelan HP due out in fall, and have already received advance orders * Teres continues to penetrate new customer accounts * expect 300mm orders to account for more than 10% of all new orders in the December quarter Guidance for Q1 2001 * Revenues of $425 Million * Tax rate increase from 14% to 30% * EPS of .43, using 147.5 Million diluted shares, down from this Q primarily because of the tax rate increase In the Q&A Session, J. Bagley was asked about component constraints. He said he did not realize his comments would cause such an uproar(my word, not his) when he made them at SemiCon West. Described the component constraints as "only modestly more difficult than other circumstances" and that the "impact relatively small"