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Technology Stocks : Asyst Technologies (ASYT) Good Value/Where is the Bottom? -- Ignore unavailable to you. Want to Upgrade?


To: Proud_Infidel who wrote (2186)9/16/2003 8:56:04 PM
From: SemiBull  Read Replies (1) | Respond to of 2313
 
Asyst Tech's Ribar Leaving Co To Pursue Other Interests

Tuesday September 16, 4:56 pm ET

FREMONT, Calif. (Dow Jones)--Asyst Technologies Inc. Chief Financial Officer and Senior Vice President Geoffrey Ribar is leaving the company to pursue other personal and business interests.

In a press release Tuesday, the provider of semiconductor manufacturing systems said it began a search for a new financial chief. Ribar will remain with the company to support an orderly transition.

Ribar joined Asyst as chief financial officer and senior vice president in August 2001, after serving as chief financial officer at iBeam Broadcasting Corp., which filed for bankruptcy protection later that year.

Asyst representatives weren't immediately available to provide Ribar's age or further details on the executive search.

For the year ended March 31, Asyst reported a loss of $135.9 million, or $3.62 a share, on sales of $259.5 million.

The company's shares closed Tuesday at $15.40, up 96 cents, or 6.6%. The stock set a 52-week high of $15.61 Sept. 5.

Company Web site: asyst.com

- Nora Devine; Dow Jones Newswires; 201-938-5400