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To: StanX Long who wrote (59839)2/1/2002 2:04:13 AM
From: StanX Long  Read Replies (1) | Respond to of 70976
 
Canon's IC-equipment sales falls 29% in Q4, but reports banner year in litho business

Semiconductor Business News
(01/31/02 12:04 p.m. EST)

siliconstrategies.com

TOKYO -- Canon Inc.'s semiconductor-equipment unit posted sales of $472 million in the fourth quarter ended Dec. 31, down 24.6% from the like period a year ago and a 29.4% decline from the previous period.

The company's chip-equipment unit also posted an operating loss of $37.6 million in the quarter, compared to a profit of $54 million in the like period a year ago.

For the year, Canon's IC-equipment unit reported sales of $2.3 billion in 2001, up 13% from 2000. It also posted an operating profit of $181 million in 2001, up 124% from 2000.

The parent company reported sales of $5.7 billion in the fourth quarter, up 1.6% from the like period a year ago. It posted a profit of $227.5 million in the quarter, up 1% from a year ago.

The Tokyo-based company had a banner year in the chip-equipment business, especially in lithography gear. It jumped from third to second place in terms of market share in the worldwide lithography-tool business in 2001, surpassing ASML Holding N.V. of the Netherlands, according to combined estimates from Morgan Stanley Dean Witter & Co. and VLSI Research Inc. Japan's Nikon Corp. was the largest supplier of lithography tools in 2001.