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

To: Proud_Infidel who wrote (1054)	1/18/2006 8:09:07 AM
From: Proud_Infidel	Read Replies (1) \| Respond to of 42736

ASML marks cash for share buy-back, acquisitions Peter Clarke EE Times (01/18/2006 7:10 AM EST) LONDON — Lithography equipment vendor ASML Holding NV has indicated that is now saving cash from its operations for either a share buy-back program or for investment in additional activities or acquisitions, with decisions due to be taken in 2006. ASML (Veldhoven, The Netherlands) signaled the potential moves in a statement on its Q4 financial results. ASML said that, as of Q4 2005, it had achieved a target of amassing 1 billion euro (about $1.2 billion) in net cash comprised of total cash and equivalents minus convertible subordinated bonds. “ASML will therefore prepare for a potential share buy back program to be executed, subject to whether the company decides during 2006 to make significant investments in acquisitions or additional activities,” the company said in a statement. It was not clear from the statement whether ASML would be prepared to use part of 1 billion cash in hand for these purposes or only additional cash generated by operations going forward. ASML said more information would be disclosed “in due course.”