Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Proud_Infidel who wrote (946)	7/25/2000 8:50:24 PM
From: Proud_Infidel	Respond to of 1214

PRI sales rise 158% in quarter with 300-mm automation demand taking off Semiconductor Business News (07/25/00, 04:21:28 PM EDT) BILLERICA, Mass. -- PRI Automation Inc. here today posted a 158% increase in net revenues to $88.9 million in the company's fiscal third quarter, ended July 2, from $34.5 million in the period last year. The supplier of wafer fab automation systems also reported a net income of $9.8 million in the fiscal quarter vs. a net loss of $13.1 million in the period last year. "This was our best quarter ever for both revenue and bookings," declared Mitch Tyson, president and chief executive officer of PRI Automation. "We booked $126.3 million of new business, an increase of 20% over last quarter. "Our Factory Systems Division received its first order to provide factory automation solutions for a 300-mm production fab," Tyson said. "Our Software Division turned in its best ever quarter receiving 12 new license sales, seven for MES [manufacturing execution system] and five for FAbuilder, its tool connectivity solution. And, our OEM Systems Division turned in another record quarter with an 18% increase in revenue over last quarter including gains in both vacuum cluster platforms and integrated front ends," he added. PRI's earnings of $0.39 per diluted share beat Wall Street's consensus, which was $0.38 per share, according to a survey of analysts by First Call/Thomson Financial. "The transition to 300-mm [wafer] manufacturing continues to unfold and we are experiencing 300-mm orders across all three of our divisions," Tyson said. "Our current record backlog and positive business outlook places a continuing emphasis on enhancing our overall production capacity. We are increasing our efforts to expand both our internal manufacturing capacity as well as outsourcing capabilities during our fourth fiscal quarter."