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Technology Stocks : ASML Holding NV -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (940)	7/14/2004 9:47:32 AM
From: Proud_Infidel	Read Replies (1) \| Respond to of 43442

ASML reports strong Q2, sees flat sales in Q3 By Mark LaPedus Silicon Strategies 07/14/2004, 8:00 AM ET VELDHOVEN, the Netherlands — ASML Holding NV on Wednesday (July 14) reported sales of 616 million euro (US$763.7 million) for the second quarter of 2004, up from 453 million euro (US$561.6 million) in the previous quarter and from 329 million euro (US$407.7 million) a year ago. The Dutch-based supplier of lithography equipment posted a profit of 65 million euro (US$80.5 million), up from 21 million euro (US$26 million) in the previous quarter and compared to a loss of 64 million euro (US$79.3 million) in the like period a year ago. ASML sold 72 systems in the period, including 57 new and 15 refurbished tools. The Q2 2004 average selling price including refurbished systems was 7.6 million euro (US$9.4 million) as compared with Q1 2004 average selling price of 6.7 million euro (US$8.3 million) and Q2 2003 average selling price of 6.3 million euro (US$7.8 million). "ASML's Q2 2004 financial results reflect the continuing upturn. And we expect that the positive market conditions will stay with us well into 2005," said Doug Dunn, president and CEO of ASML, in a statement. "ASML began the year with good momentum and delivered two solid financial quarters. As economic growth indicators have started to show positive signs and the demand for chips increases, our customers turn to us to deliver high productivity systems," he said. "With all this good news and the recent signing of a major new customer in Japan, we remain enthusiastic about our prospects for the remainder of 2004 and beyond," he said. ASML anticipates that Q3 2004 new unit sales will remain at similar levels to those of Q2 2004. It is expected that new unit sales will accelerate in Q4 2004.