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

To: StanX Long who wrote (62116)	3/14/2002 11:18:35 PM
From: StanX Long	Read Replies (1) \| Respond to of 70976

FSI Posts Higher Loss for Fiscal Q2 Online staff -- Electronic News, 3/14/2002 e-insite.net Capital equipment manufacturer FSI International Inc. today posted its second consecutive quarter of order growth despite increasing losses. The company posted sales of $41.9 million for its fiscal second quarter of 2002, ended Feb.23. This compares to $42.6 million for the previous quarter and with $60.2 million in the same period of fiscal 2001. Chaska, Minn.-based FSI posted a net loss of $6.5 million, or 25 cents per diluted share. In the year-ago quarter the company reported net income of $2.2 million, or 9 cents per diluted share, and in the previous quarter it reported a net loss of $4.7 million, or 18 cents per diluted share. "There are signs that semiconductor industry conditions are improving," said Don Mitchell, FSI’s chairman and CEO, in a statement. "A number of our customers are reporting increased factory utilization rates. It also appears that device selling prices have stabilized and in certain cases prices have actually increased. These trends are being driven by the increased demand for PC’s, wireless communication appliances and entertainment products." Looking ahead, the company said it expects fiscal third quarter revenues between $25 million and $30 million. A loss in the $10 million to $11 million range is also expected.