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Technology Stocks : Aehr Test Systems (AEHR) -- Ignore unavailable to you. Want to Upgrade?

To: SemiBull who wrote (108)	3/21/2002 8:26:30 PM
From: SemiBull	Read Replies (1) \| Respond to of 128

Aehr sales rebound; wafer-level burn-in/test tool moves to market URL: siliconstrategies.com FREMONT, Calif. -- Aehr Test Systems today reported a 21% sequential increase in revenues to $3.4 million in the company's fiscal third quarter, ended Feb. 28, compared to $2.8 million in the prior three-month period. Aehr's revenues were 62% lower than $9.0 million in the same period last year. The supplier of burn-in and testing systems for memories and IC posted a net loss of $737,000 in the just-ended quarter compared to a net income of $1.0 million the quarter a year ago. "We are encouraged by the recent strengthening of the DRAM market, which we believe could result in our receiving additional orders for our MTX massively parallel memory tester over the next few quarters," said Rhea Posedel, chairman and chief executive officer of Aehr. "The sale of MTX systems to a production customer in Taiwan, which we announced in January, contributed to our 21% increase in net sales compared with the prior quarter." The Fremont company is developing a wafer-level contact system for burn-in and parallel testing of a range of devices, including vertical-cavity surface-emitting (VCSEL) lasers (see July 13 story). The company now "expects to start qualification testing this quarter of our first Fox full wafer level burn-in of VCSEL laser diodes, which are used in the emerging optical communications market," said C.J. Meurell, president and chief operating officer of Aehr. "There are approximately 20 VCSEL manufacturers, some of which could become customers of our Fox wafer level burn-in solution." Posedel said Aehr continues to be cautious in its short-term outlook. "We plan to ship both the new MAX4 system and VCSEL wafer-level contactor in our fourth fiscal quarter. However, given SAB 101 revenue recognition requirements, our net sales for our fourth quarter may be less than those of the previous quarter," said the CEO.