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

To: robert b furman who wrote (3685)	3/9/2016 2:27:33 PM
From: Kirk ©	Respond to of 3696

I like how it came down to smack the 50DMA then made a doji with this news. Ultratech Receives Follow-On Order For Laser Spike Anneal System From One Of The Largest Foundries In Asia Ultratech's LSA101 System will be used by Foundry to Ramp 28-nm Volume Production SAN JOSE, Calif., March 9, 2016 /PRNewswire/ -- Ultratech, Inc. (Nasdaq: UTEK), a leading supplier of lithography, laser-processing and inspection systems used to manufacture semiconductor devices and high-brightness LEDs (HB-LEDs), as well as atomic layer deposition (ALD) systems, today announced that it has received a follow-on order from one of the largest foundries in Asia for its LSA101 laser spike anneal system. This win extends the company's leadership position in Asia and builds on the existing installed base of Ultratech's LSA systems currently utilized at multiple sites by this foundry customer. The LSA101 system, which will be used for 28-nm production is expected to ship in the first quarter of 2016. "Historically, the semiconductor industry's growth depended on a reduction in cost per transistor with each migration to smaller nodes, but this cost reduction trend wasn't realized with the shrink below 28nm. This is one of the most serious challenges the industry has faced in the last 20-30 years. As such, a number of foundries are expanding their 28-nm capacity to capitalize on end customers that will benefit from moving to the optimal performance/cost delivered at this node. Going forward, leading technologies such as LSA are essential to meet the requirements for future device scaling," according to Dr. Handel H. Jones, founder and CEO of International Business Strategies, Inc. Arthur W. Zafiropoulo, Ultratech Chairman and Chief Executive Officer, said, "The industry is experiencing a second wave of growth driving the 28-nm logic manufacturing arena. This order is another example of this growth, which is expected to continue driven by Asia's internal high demand for low-cost chips for mobile devices. As the production requirements for 28-nm processing continues, Ultratech is working closely with our customers to help them meet this demand. We value our strong relationships with our global customer base and work to provide advanced technology solutions that meet our customers' product roadmaps, along with strong local support teams to enable high-volume production ramps." Ultratech Laser Spike Anneal Systems Built on the customizable Unity Platform™, the LSA scanning systems have fundamental advantages in uniformity and low-stress processing. The systems' short dwell time capability, along with excellent process control, delivers superior within-die uniformity and layout-independent process results allowing customers to achieve improved device performance, lower leakage, and improved yield. Ultratech's flagship platform, the LSA101, delivers high flexibility and extendibility for advanced annealing applications and is currently in high-volume production for 28-nm and below logic devices. Safe Harbor This release includes forwardlooking statements.....

To: robert b furman who wrote (3685)

4/21/2016 10:05:59 AM

From: Kirk ©

Respond to of 3696

Ultratech Announces First Quarter 2016 Results

Results driven by positive momentum across all major product lines.
.
SAN JOSE, Calif.--(BUSINESS WIRE)-- Ultratech, Inc. (NASDAQ: UTEK a leading supplier of lithography, laser-processing and inspection systems used to manufacture semiconductor devices and high-brightness LEDs (HB-LEDs), today announced unaudited results for the three-month period ended April 2, 2016.

For the first quarter of fiscal 2016, Ultratech reported net sales of $45.2 million as compared to $41.9 million during the first quarter of fiscal 2015.

On a GAAP basis, Ultratech's net loss for the first quarter of fiscal 2016 was $1.2 million, or $(0.04) per share, as compared to net loss of $1.7 million, or $(0.06) per share, for the same quarter last year.

On a non-GAAP basis, Ultratech's net income for the first quarter of fiscal 2016 was $2.7 million, or $0.10 per share, as compared to net income of $2.9 million, or $0.11 per share, for the same quarter last year.

Arthur W. Zafiropoulo, Chairman and Chief Executive Officer, stated, "Our first quarter results demonstrate the broad applicability of our major product lines, laser spike annealing, advanced packaging, and inspection, for multiple applications. Our revenue and bookings momentum in the quarter provide a strong foundation for the remainder of fiscal 2016, particularly driven by LSA and the second wave of demand for 28nm production coming from Asian foundries."

At April 2, 2016, Ultratech had $241.6 million in cash, cash equivalents and short-term investments. Working capital was $318.1 million and stockholders' equity was $12.85 per share based on 26,709,639 total shares outstanding as of April 2, 2016.

First Quarter 2016 Business Highlights

In March and April, Ultratech continued to supply LSA101 systems to major foundries for 28nm production, with two announcements of follow-on orders.
During the first quarter, Ultratech announced two Superfast 4G+ orders: one from a leading memory manufacturer in Asia to be used for high-volume production of advanced 3D NAND flash memory chips and another from a major leading foundry for the development of 3D inspection and process control of its leading-edge FinFET processes.
In February, Ultratech announced that it had received a multiple system order from a leading outsourced semiconductor assembly and test (OSAT) company for its AP300E lithography systems to be utilized for various advanced packaging applications including copper pillar, wafer-level packaging (WLP) and emerging technologies including fan-out WLP and silicon interposers to support growth driven by mobile devices.
Also in February, Ultratech announced the promotion of two of its executives, Tammy D. Landon, Senior Vice President of Operations, and Dave Ghosh, Senior Vice President, Global Sales and Service, to executive officers, as an example of the company's ongoing leadership succession process and efforts to cultivate top industry talent at Ultratech.

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 today. To listen to the call, dial 800-344-6698 (toll free) or 785-830-7979 (international) 10 minutes prior to the start time. The passcode is 7034251. A live webcast will also be available on the Investor Relations section of Ultratech's website at ir.ultratech.com. A replay of the call will be available at the same location or by dialing 888-203-1112 and entering access code 7034251.

...

About Ultratech: Ultratech, Inc. (NASDAQ:UTEK) designs, builds and markets manufacturing systems for the global technology industry. Founded in 1979, Ultratech serves three core markets: front-end semiconductor, back-end semiconductor, and nanotechnology. The company is the leading supplier of lithography products for bump packaging of integrated circuits and high-brightness LEDs. Ultratech is also the market leader and pioneer of laser spike anneal technology for the production of advanced semiconductor devices. In addition the company offers solutions leveraging its proprietary coherent gradient sensing (CGS) technology to the semiconductor wafer inspection market, and provides atomic layer deposition (ALD) tools to leading research organizations, including academic and industrial institutions. Visit Ultratech online at: www.ultratech.com.

(UTEKF)


ULTRATECH, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(UNAUDITED)


	Three Months Ended
	Apr 2,			Apr 4,
(In thousands, except per share amounts)	2016			2015
Total net sales*	$	45,210		$	41,886
Cost of sales:
Cost of products sold		24,179			19,605
Cost of services		2,864			3,249
Total cost of sales		27,043			22,854
Gross profit		18,167			19,032
Operating expenses:
Research, development and engineering		8,235			8,424
Selling, general, and administrative		11,314			12,043
Operating loss		(1,382	)		(1,435	)
Interest expense		(18	)		(31	)
Interest and other (expense) income, net		173			139
Loss before income taxes		(1,227	)		(1,327	)
Provision (benefit) for income taxes		(73	)		360

Net loss	$	(1,154	)	$	(1,687	)

Earnings per share - basic:
Net loss	$	(0.04	)	$	(0.06	)
Number of shares used in per share calculations - basic		26,798			27,733
Earnings per share - diluted:
Net loss	$	(0.04	)	$	(0.06	)
Number of shares used in per share calculations - diluted		26,798			27,733

* Systems sales	$	38,492		$	32,189
Parts sales		3,766			5,832
Service sales		2,752			3,765
License sales		200			100
Total sales	$	45,210		$	41,886


ULTRATECH, INC.
RECONCILIATION OF GAAP NET INCOME (LOSS) TO NON-GAAP NET INCOME (LOSS)
(UNAUDITED)

	Three Months Ended
	Apr 2,			Apr 4,
(In thousands, except per share amounts)	2016			2015
GAAP net loss		($1,154	)		($1,687	)
Share-based compensation		3,449			4,184
Amortization of purchased intangible assets		418			428
Non-GAAP net income	$	2,713		$	2,925
Earnings per share - diluted:
As reported		($0.04	)		($0.06	)
Add back: per share impact of Non-GAAP adjustments	$	0.14		$	0.17
Non-GAAP per share income	$	0.10		$	0.11


ULTRATECH, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS

	Apr 2,		Dec 31,
(In thousands )	2016		2015*
ASSETS	(Unaudited)

Current assets:
Cash, cash equivalents and short-term investments	$	241,643	$	251,901
Accounts receivable		50,743		28,108
Inventories, net		60,976		65,398
Prepaid expenses and other current assets		3,196		3,862
Total current assets		356,558		349,269

Equipment and leasehold improvements, net		15,988		17,280
Intangibles assets, net		11,870		12,288
Other assets		10,300		10,359

Total assets	$	394,716	$	389,196


LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:
Notes payable	$	5,120	$	5,120
Accounts payable		13,021		12,080
Deferred product and service income		6,150		4,499
Other current liabilities		14,175		12,146
Total current liabilities		38,466		33,845

Other liabilities		13,110		13,474

Stockholders' equity		343,140		341,877

Total liabilities and stockholders' equity	$	394,716	$	389,196

* The balance sheet as of December 31, 2015 has been derived from the audited financial statements as of that date.

View source version on businesswire.com: businesswire.com

Ultratech, Inc.
Company Contact:
Bruce R. Wright, 408-321-8835
Senior Vice President and CFO

To: robert b furman who wrote (3685)	2/2/2017 2:02:27 PM
From: Kirk ©	Read Replies (2) \| Respond to of 3696

Nice profits! I was already on house money for my newsletter portfolio. Been predicting a buyout for some time and was hoping for more... but I'll take a win any day. . Veeco Enters into Agreement to Acquire Ultratech PLAINVIEW, NY and SAN JOSE, CA -- (Marketwired) -- 02/02/17 -- Creates a leading equipment supplier to the growing Advanced Packaging industry Increases scale and revenue diversification to improve profitability through industry cycles Transaction valued at approximately $815 million, expected to be immediately accretive to non-GAAP EPS Conference Call at 5:00pm ET today Veeco Instruments Inc. (NASDAQ: VECO), a global leader of advanced thin film etch and deposition process equipment, and Ultratech, Inc. (NASDAQ: UTEK), a leading supplier of lithography, laser-processing and inspection systems used to manufacture semiconductor devices and LEDs, today announced that they have signed a definitive agreement for Veeco Instruments Inc. ("Veeco") to acquire Ultratech, Inc. ("Ultratech"). The Boards of Directors of both Veeco and Ultratech have unanimously approved the transaction. Ultratech shareholders will receive (i) $21.75 per share in cash and (ii) 0.2675 of a share of Veeco common stock for each Ultratech common share outstanding. Based on Veeco's closing stock price on February 1, 2017, the transaction consideration is valued at approximately $28.64 per Ultratech share. The implied total transaction value is approximately $815 million and the implied enterprise value is approximately $550 million, net of Ultratech's net cash balance as of December 31, 2016. Post transaction it is projected that Ultratech shareholders will own approximately 15 percent of the combined company. Ultratech is a recognized leader of lithography products for Advanced Packaging applications and for LEDs and is a pioneer for laser spike anneal technology used for the production of semiconductor devices. In addition, the company offers wafer inspection solutions leveraging its proprietary coherent gradient sensing (CGS) technology which address a wide variety of semiconductor applications. "The strategic combination will establish Veeco as a leading equipment supplier in the high growth Advanced Packaging industry. Ultratech's leadership in lithography together with Veeco's Precision Surface Processing (PSP) solutions form a strong technology portfolio to address the most critical Advanced Packaging applications. We believe our complementary end market exposure and customer relationships will create the ideal platform to accelerate growth," said John R. Peeler, Veeco's Chairman and Chief Executive Officer. "Ultratech is a great fit with our strategy to profitably grow our business and diversify our revenue. We expect this transaction to be immediately accretive to adjusted EBITDA and non-GAAP EPS." Ultratech Chairman and Chief Executive Officer, Arthur W. Zafiropoulo said, "Both companies have a strong heritage of developing innovative and cutting-edge technologies. The combined company will create a formidable team to execute against growth opportunities and deliver significant value to customers and shareholders." Veeco expects to realize approximately $15 million in annualized run rate synergies within 24 months after closing, to be achieved through increased efficiencies and leveraging the scale of the combined businesses. The combined company is expected to have an efficient balance sheet, benefiting from the deployment of excess cash. The transaction is expected to close in the second calendar quarter of 2017, subject to approval by Ultratech shareholders, regulatory approvals in the U.S. and other customary closing conditions. Advisors Barclays is acting as financial advisor to Veeco and Morrison & Foerster LLP is acting as legal advisor. BofA Merrill Lynch is acting as financial advisor to Ultratech, and O'Melveny & Myers LLP is acting as legal advisor. Conference Call Veeco and Ultratech management will host a conference call today to discuss the transaction at 2:00 p.m. PT / 5:00 p.m. ET. This call will replace Ultratech's previously scheduled earnings call which has been canceled. The call can be accessed by dialing 800-723-6751 (toll free) or 785-830-7980 using passcode 7590036. The call will also be webcast live on the Veeco website at ir.veeco.com and on the Ultratech website at ir.ultratech.com. A replay of the webcast will be made available on the Veeco and Ultratech websites beginning at 8:00pm ET this evening. An accompanying slide presentation will be posted to the Veeco website prior to the beginning of the call. About Veeco Veeco's process equipment solutions enable the manufacture of LEDs, displays, power electronics, compound semiconductors, hard disk drives, semiconductors, MEMS and wireless chips. We are the leader in MOCVD, MBE, Ion Beam, Wet Etch single wafer processing and other advanced thin film process technologies. Our high performance systems drive innovation in energy efficiency, consumer electronics and network storage and allow our customers to maximize productivity and achieve lower cost of ownership. For information on our company, products and worldwide service and support, please visit www.Veeco.com. About Ultratech Ultratech designs, builds and markets manufacturing systems for the global technology industry. Founded in 1979, Ultratech serves three core markets: frontend semiconductor, backend semiconductor, and nanotechnology. The company is the leading supplier of lithography products for bump packaging of integrated circuits and high-brightness LEDs. Ultratech is also the market leader and pioneer of LSA technology for the production of advanced semiconductor devices. In addition, the company offers solutions leveraging its proprietary CGS technology to the semiconductor wafer inspection market and provides ALD tools to leading research organizations, including academic and industrial institutions. Visit Ultratech online at: www.Ultratech.com.