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To: StanX Long who wrote (63122)	4/23/2002 11:24:15 PM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Varian Reports Q2 Loss, Lower Revenues Online staff -- Electronic News, 4/23/2002 e-insite.net Varian Semiconductor Equipment Associates Inc. released second quarter results today, with a net loss of $41,000 on revenues of $67 million. The Gloucester, Mass.-based company’s revenues were lower than the $78 million reported in the previous quarter and down significantly from the $189 million reported for the comparable period a year ago. Net income was also down from the $5 million, or 15 cents per share, reported in the first quarter and the $24 million, or 70 cents per dilutes share, reported in the second quarter of fiscal 2000. For the third quarter, Varian is forecasting revenue to increase to be between $75 million and $90 million. Varian’s results include a $5 million unrealized gain, recorded as other income, to mark the Lam Research Corp. warrant to fair market value at March 29. Excluding the after-tax effect of the Lam warrant, the quarter’s net loss was $3 million, or 10 cents per diluted share. Gross margin was 36 percent, compared to 39 percent for the same period a year ago. "Our revenue this quarter reflects our customers’ accelerated pace of acceptance and payment as they prepare to expand capacity," said Robert J. Halliday, Varian’s CFO, in a statement. "Shipments, which approximate pre-SAB 101 revenue, were $56 million for the second quarter, up from $45 million in the first quarter, excluding the Lam royalty and license revenue."

To: StanX Long who wrote (63122)	4/23/2002 11:39:57 PM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Cymer's Q1 sales jump 13% over Q4, expects 15-20% growth in Q2 Semiconductor Business News (04/23/02 17:39 p.m. EST) siliconstrategies.com SAN DIEGO -- Cymer Inc. today reported sales of $62 million in Q1 of 2002, down 32% from $91.2 million in Q1 of 2001 but a 13% increase from $54.8 million in Q4 of 2001. Net income totaled $4.1 million for the quarter, or $0.12 per share, compared to net income of $8.3 million, or $0.27 per share, in Q1 of last year. The company posted a loss of $1.9 million, or minus $0.06 per share, in Q4 of 2001. "Top line growth over the previous quarter was attributable to competitive wins and ongoing technology buys," said Bob Akins, Cymer's CEO. "Additionally, demand increased for our consumables and spare parts, sales of which were up approximately 6% over the fourth quarter 2001 level and were up for the first time in five quarters," he said. "During the quarter, we experienced yet another very significant shift in product mix to our most advanced, higher value-added 4-kHz argon fluoride (ArF) products, which drove greater than expected growth in our average selling price," he said. "New orders we received in the first quarter included substantially more capacity buys than did orders received in the fourth quarter of 2001, which is reflected primarily in the pick up in orders for our ELS-6000 and ELS-6010 light sources," he said. Based on information available at this time, Cymer currently estimates that total revenue in Q2 of 2002 will increase between 15-20% over Q1.