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Technology Stocks : Ultratech Stepper -- Ignore unavailable to you. Want to Upgrade?

To: Investor2 who wrote (3612)	2/3/2010 12:32:42 AM
From: Kirk ©	Respond to of 3696

Blackrock now has a 1744924 shares of UTEK for 7.37% of the shares. ir.ultratech.com

To: Investor2 who wrote (3612)	2/4/2010 9:36:45 AM
From: Kirk ©	Read Replies (2) \| Respond to of 3696

UTEK met expectations for quarter and year: ir.ultratech.com Ultratech Announces Fourth Quarter and Year End 2009 Results SAN JOSE, Calif.--(BUSINESS WIRE)--February 4, 2010--Ultratech, Inc. (Nasdaq: UTEK) today announced unaudited results for the three-month and one-year periods ended December 31, 2009. For the fourth quarter of fiscal 2009, Ultratech reported net sales of $26.6 million as compared to $34.1 million during the fourth quarter of fiscal 2008. Ultratech's net income for the fourth quarter of 2009 was $1.4 million, or $0.06 per share (diluted), as compared to net income of $3.9 million, or $0.17 per share (diluted) for the same quarter last year. Ultratech's net sales for the year ended December 31, 2009 were $95.8 million, as compared to $131.7 million for fiscal 2008. Ultratech posted net income for the year ended December 31, 2009 of $2.1 million, or $0.09 per share (diluted), as compared to net income of $11.8 million, or $0.50 per share (diluted) in fiscal 2008. Arthur W. Zafiropoulo, Chairman and Chief Executive Officer, stated, "We are pleased with the company’s fourth quarter performance, as the combination of demand for our advanced packaging and laser anneal systems, strengthening industry dynamics and strong execution contributed to solid results for Ultratech. The quarter was highlighted by a follow-on, multi-system order for laser spike annealing systems from a major logic foundry in Asia. The LSA100A systems will be used to support high-volume production for advanced logic devices." "In 2009, against a backdrop of challenging economic and industry conditions, Ultratech maintained profitability, decreased inventory levels and increased cash flow from operations," continued Zafiropoulo. "We continued to show strong customer acceptance of our products in leading-edge factories around the world." "We look ahead to 2010 with a great deal of excitement. With new products in place addressing both the semiconductor and emerging markets such as high-brightness LEDs, we believe Ultratech is well positioned to serve our customers as they face increasing challenges at the leading edge. In addition, driving improved operational leverage remains a key focus of the management team and our commitment to increasing shareholder value," concluded Zafiropoulo. At December 31, 2009, Ultratech had $160 million in cash, cash equivalents and short-term investments. Working capital was $193 million and stockholders' equity was $8.39 per share based on 23,838,084 total shares outstanding on December 31, 2009.