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Strategies & Market Trends : Market Gems-Trading Strong Earnings Growth and Momentum -- Ignore unavailable to you. Want to Upgrade?

To: Jenna who wrote (3545)	1/31/2001 4:35:44 PM
From: Jenna	Read Replies (2) \| Respond to of 6445

Mattson Technology, Inc. Announces Record Fourth Quarter and Year End 2000 Financial Results Discusses the Effect of Adoption of SAB 101 FREMONT, Calif.--(BUSINESS WIRE)--Jan. 31, 2001--Mattson Technology, Inc. (NASDAQ: MTSN - news), a leading supplier of advanced process equipment used to manufacture semiconductors, today is reporting record financial results for the quarter and year ended December 31, 2000, and its transition from the Company's historical accounting method to the method required by the Securities and Exchange Commission Staff Accounting Bulletin No. 101 (SAB 101). Before the effects of SAB 101, now called pro-forma, revenue and shipments for the fourth quarter 2000 were $62.3 million, a revenue increase of 74 percent over fourth quarter of 1999 reported revenue of $35.8 million. Pro-forma fourth quarter of 2000 net income was $8.3 million or 40 cents per diluted share, an increase of 471 percent and 400 percent, respectively, when compared to the fourth quarter of 1999 reported net income of $1.5 million or 8 cents per diluted share. Fourth quarter of 2000 bookings were $67.3 million, an increase of 33 percent from the fourth quarter of 1999, and backlog increased 96 percent to $109.9 million, compared to $56.1 million at the end of the fourth quarter of 1999.