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Strategies & Market Trends : Angels of Alchemy -- Ignore unavailable to you. Want to Upgrade?

To: ColtonGang who wrote (23772)	12/20/2000 4:20:14 PM
From: Bald Man from Mars	Read Replies (1) \| Respond to of 24256

<<Anyone buying now will only see plusses by 2001. >> why do you think so ... I see no reason why this bear market cannot continue for another year or two ...

To: ColtonGang who wrote (23772)	12/20/2000 4:20:45 PM
From: ColtonGang	Respond to of 24256

A ray of light....... Entegris Reports Another Quarter of Record Sales and Earnings Outlook for Fiscal 2001 Remains Positive CHASKA, Minn.--(BUSINESS WIRE)--Dec. 20, 2000-- Entegris, Inc. (Nasdaq: ENTG - news), the materials integrity management company, today reported record, all-time high quarterly revenues of $102.6 million for its first quarter ended November 25, 2000. Revenues jumped 43 percent from first quarter fiscal 2000 revenue levels of $71.8 million. Record net income increased to $18.1 million for the quarter or 25 cents per diluted share, compared with $8.6 million or 13 cents per diluted share for the first quarter of fiscal 2000, on a pro forma basis, excluding a one-time gain. ``This was an exceptional quarter for Entegris, as we continued to meet the semiconductor industry's need for the protection and transportation of its critical materials,'' said Stan Geyer, chief executive officer. ``This is the second time we are reporting financial results as a public company and for the second time we are reporting the highest sales, operating income and net income in our 34-year history. This success would not have been possible without our extraordinary employees and their efforts.'' ``Our unit volumes reached new highs this past quarter and we have continued to experience strong sales and order levels over the last weeks,'' said Jim Dauwalter, president and chief operating officer. ``Industry analysts have become more cautious in their outlook for semiconductor industry growth for calendar year 2001. However, as the world's leading materials integrity management provider, we anticipate second quarter revenue performance similar to the first quarter and a healthy sales increase of about 15 percent on a fiscal year basis, which would provide a very strong comparison to our record fiscal year 2000 results,'' said Dauwalter. ``Since Entegris protects and transports the industry's valuable inventory, most of our business is driven by silicon consumption, chemical usage, and IC unit production which historically continues to be strong even when capital equipment spending levels off. This, coupled with our strong 300mm product offering and the expectation that our customers' 300mm plans will accelerate, renders this positive outlook for Entegris. We have historically outperformed semiconductor equipment providers during slowdown phases in the industry,'' concluded Dauwalter. Gross margins, improved 7.1 percentage points to 51.2 percent in the first quarter of fiscal 2001 compared to first quarter 2000 results of 44.1 percent. Capacity absorption, driven by record sales levels, provided the majority of the gross margin improvement. ``Gross margins improved again to levels never achieved in our history, largely through the work we have accomplished over the last year, including the completion of the merger of Fluoroware and EMPAK into Entegris,'' said Jim Dauwalter. ``Our ability to respond to customers has improved and allowed us to leverage our combined technical advantages as well as our human resources. Therefore, we continue to expect year-over-year improvement in gross profit and operating margins for our fiscal year 2001,'' concluded Dauwalter.