To: The Ox who wrote (7384 ) 9/4/2001 11:47:20 PM From: The Ox Respond to of 23153 SoC Revenues To Reach $3.4 Billion by 2003, Claims Studysemiconductor-intl.com also: Lamda Physik Has Second Significant Push Out By Jeff Chappell, Electronic News Sep 04, 2001 --- German laser maker Lambda Physik AG reported a postponement Monday of a lithography-related order that prompted it to reduce its fiscal 2001 sales forecast down from an expected $127 million. The Göttingen, Germany-based company, which serves lithography tool OEMs, said that because of over-capacity on the part of the customer, deliveries planned for the fourth quarter have been postponed until fiscal 2002. With this latest push out, Lamda Physik said it was forced to revise its sales estimates downward. "At the present time we cannot rule out the possibility that other orders may be postponed before the end of the quarter due to the ongoing weakness of the lithography market and have therefore had to reduce the sales forecast for this fiscal year," said Dirk Basting, president and chief executive officer. "However, we continue to expect sales to increase substantially by 30 percent to 35 percent, thereby exceeding the sales growth forecast communicated at the initial public offering." The company said last month it expected sales growth of 40 percent and above-average improvement of earnings in 2001. It went public on Germany's exchange just last September. At the beginning of August Lambda Physik AG had a lithography customer postpone an order because of technological problems in introducing the 193nm generation tools at the customer’s facilities. The company said the push out would affect sales for fiscal 2002. The remaining delivery is now scheduled for 2003, and as a result Lambda Physik reduced its orders on hand from approximately $82 million to about $67.5 million. The company said last month it has written confirmations from customers for the deliveries planned for the fourth quarter of 2001.