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

To: StanX Long who wrote (59834)	2/1/2002 1:59:01 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Ultratech cuts loss, says it's preparing for technology-driven recovery Semiconductor Business News (01/31/02 08:00 a.m. EST) siliconstrategies.com SAN JOSE -- Ultratech Stepper Inc. today reported an 11.5% sequential drop in net sales to $21.5 million in the fourth quarter compared to $24.3 million in Q3. The lithography supplier posted a net loss of $2.4 million, including one-time charges, compared to a net loss of $26.0 million in the prior quarter. Excluding charges, the company's net loss was $2.1 million, or $0.09 per share, which beat the consensus of financial analysts by two cents, according to First Call/Thomson Financial. "Ultratech has invested heavily in its advanced product program, recognizing the need to create a product portfolio that offers a balance between capacity-driven and technology-driven demands," said Arthur W. Zafiropoulo, chairman and chief executive officer of the San Jose company. "We believe the industry turnaround forecasted for the second half of 2002 will be technology driven," he said, adding that Ultratech is positioning itself to capitalize on this opportunity.