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 : Mattson Technology -- Ignore unavailable to you. Want to Upgrade?

To: creddell who wrote (3241)	1/3/2001 6:28:46 AM
From: John Stewart	Read Replies (1) \| Respond to of 3661

It's Done! Mattson Technology (ticker: MTSN, exchange: NASDAQ) News Release - 3-Jan-2001 -------------------------------------------------------------------------------- Mattson Technology, STEAG Semiconductor and CFM Merger Completed FREMONT, Calif.--(BUSINESS WIRE)--Jan. 3, 2001--Mattson Technology, Inc. (Nasdaq:MTSN), a leading supplier of advanced process equipment used to manufacture semiconductors, today announced the successful completion to the merger between Mattson Technology, the semiconductor equipment division of STEAG Electronic Systems AG and CFM Technologies, Inc. The merged company, with pro forma 2000 revenues in excess of $500 million, now employs more than 1800 people worldwide. This revenue figure makes Mattson Technology the 14th largest semiconductor manufacturing equipment supplier, with industry-leading products and technologies in multiple product lines. Already the world leader in dry strip process equipment, the addition of STEAG's RTP product line places Mattson in second position in RTP, while the combination of CFM and STEAG's wet technology tools puts the company within the top five providers of wet processing equipment. "The key to survival in the semiconductor equipment market is to become a leader in a number of product areas and achieve enough critical mass so that customers feel comfortable about the company's ability to survive market downturns and technology changes," noted Brad Mattson, Mattson Technology's CEO. "We now can offer thermal, plasma and wet solutions on several different platforms, maximizing specific aspects of each process. Since all three companies had strong 300 mm programs, Mattson will be well positioned to become a leader in the 300 mm market." As a result of the transactions, each share of CFM stock outstanding at the close of business on Dec. 29, 2000 has been converted into 0.5223 shares of common stock of Mattson. Former CFM shareholders will be receiving shortly a transmittal letter and instructions for exchanging their share certificates. About Mattson Technology Mattson Technology Inc., is a leading supplier of thermal, plasma and wet semiconductor processing equipment. The company's products combine advanced process technology on a high productivity platform, backed by industry-leading support. Since beginning operations in 1989, the company's core vision has been to help bring technology leadership and productivity gains to semiconductor manufacturers worldwide. Headquartered in Fremont, Calif., the company maintains sales and support centers throughout the United States, Europe, Asia/Pacific and Japan. For more information, please contact Mattson Technology Inc., 2800 Bayview Drive, Fremont, Calif. 94538. Telephone: 800/MATTSON. Fax: 510/657-0165. Internet: www.mattson.com. This press release contains forward-looking statements regarding, among other matters, the Company's future performance, technology and market position. Forward looking statements address matters that are subject to a number of risks and uncertainties. In addition to the general risks associated with the development of complex technology, future results of the Company will depend on a variety of factors, including the timing of significant orders, the ability of the Company to bring new systems to market, the timing of new product releases by the Company's competitors, slowdowns in the semiconductor industry, other competitive factors and risks of integration after the recent acquisitions. Reference is made to the Company's filings with the Securities and Exchange Commission for further discussion of risks and uncertainties regarding the Company's business. --30--mmc/sf* dc/sf CONTACT: Mattson Technology Inc. Peter Brown, 510/492-5923 peter.brown@mattson.com or The Loomis Group Inc. Vincent Mayeda, 408/363-0797 vincent@loomisgroup.com