To: Kirk © who wrote (3605 ) 1/31/2008 6:42:27 PM From: Investor2 Respond to of 3696 Ultratech Announces Fourth Quarter and Year End 2007 Results Thursday January 31, 8:15 am ET [But apparently, the results weren't good enough for the market.] SAN JOSE, Calif.--(BUSINESS WIRE)--Ultratech, Inc. (Nasdaq:UTEK - News) today announced unaudited results for the three-month and one year periods ended December 31, 2007. For the fourth quarter of fiscal 2007, Ultratech reported net sales of $29.7 million, as compared to $24.7 million during the fourth quarter of fiscal 2006. Ultratech’s net income for the fourth quarter of 2007 was $2.1 million, or $0.09 per share (diluted), as compared to a net loss of $6.8 million, or $0.29 per share for the same quarter last year. Ultratech’s net sales for the year ended December 31, 2007 were $112.3 million, as compared to $119.6 million for fiscal 2006. Ultratech posted a net loss for the year ended December 31, 2007 of $1.0 million, or $0.04 per share, as compared with a net loss of $9.0 million or $0.38 per share in fiscal 2006. Arthur W. Zafiropoulo, President and Chief Executive Officer, stated, “During the fourth quarter, the fruits of our year-long initiative to return to profitability were achieved. We continued to increase our order momentum and margins, while dropping our breakeven point. The advanced packaging business continued to drive our revenues for the quarter specifically in the 300mm solder bump area. In the laser processing area, we are pleased to announce that we have successfully won several head-to-head bids over our competition and our laser spike anneal (LSA) process has been chosen by several IDM and foundry customers as the process-of-record (PoR) for both 65nm and 45nm.” “2007 was a year of progress for Ultratech. We worked diligently to better understand our customers’ requirements and to provide solutions in our served markets,” continued Zafiropoulo. “During the year, actions were put in place to restructure our global operations to reflect changing markets, achieve increased capital productivity in our manufacturing strategy and streamline our cost structure to drive efficiencies throughout our business.” “In 2008 we expect to continue to make progress in improving our current business results through controlling our operating expenses, while driving for growth and investing in the key initiatives that we believe will result in sustained performance. Our goals are well-defined — we want to grow faster than the industry, drive positive cash flow and create value over the long-term for our stockholders,” Zafiropoulo concluded. At December 31, 2007, Ultratech had $132 million in cash, cash equivalents and short-term investments. Working capital was $162 million and stockholders’ equity was $7.59 per share based on 23,371,055 total shares outstanding on December 31, 2007. Conference Call Information The conference call will be broadcast live over the Internet beginning at 11:00 a.m. Eastern Time / 8:00 a.m. Pacific Time on Thursday, January 31, 2008. To listen to the call over the Internet or to obtain telephone dial-in information for the call, please go to Ultratech’s web site at www.ultratech.com. If you are unable to attend the live conference call, a replay will be available on Ultratech’s web site. If you do not have Internet access, a replay of the call will be available three hours after the conclusion of the call and run until 9:00 p.m. Pacific Time, February 2, 2008. You may access the telephone replay by dialing 800-642-1687 for domestic callers, 706-645-9291 for international callers and entering access code: 30358317.biz.yahoo.com Best wishes, I2