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.

Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: michael97123 who wrote (47417)	5/30/2001 9:07:46 AM
From: Proud_Infidel	Read Replies (1) \| Respond to of 70976

Applied Materials to buy Israeli company Oramir SANTA CLARA, Calif., May 30 (Reuters) - Applied Materials Inc. (NasdaqNM:AMAT - news), the largest maker of equipment used to make microchips, said on Wednesday it would acquire the Israeli company Oramir Semiconductor Equipment in order to expand its range of tools that prevent defects on semiconductor wafers. The deal, which involves an undisclosed amount of cash, requires approval by the Israeli government, Applied Materials said. Oramir specializes in laser cleaning technologies for chip wafers. Applied Materials said it plans to integrate the company into its process diagnostics and control business group. Shares of Applied Materials closed at $51.85 on Tuesday on Nasdaq, off a 52-week high of $98.50.