Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: John Stewart who wrote (849)	7/24/1998 10:43:00 PM
From: Ian@SI	Respond to of 3661

From an article at Semiconductor Online: 300 mm rumbles on, mergers fill out product lines Any downturn hurts smaller companies more. Many observers have predicted a wave of mergers and acquisitions as stronger companies use cash remaining from the last boom to buy weaker companies at bargain basement prices. On Monday, Mattson Technology (Fremont, CA) announced the acquisition of Concept Systems Design, a supplier of epitaxial silicon equipment, for 800,000 shares of Mattson stock. At current prices, the transaction would be valued at $4-5 million. Concept Systems will merge with Mattson's existing high temperature processing division to form a new Concept-HTP division, according to CEO Brad Mattson. The new division will attack front-end-of-line processing steps like epitaxial silion and LPCVD, and additional acquisitions in this market segment are possible. Mr. Mattson also noted that the downturn opens a window of opportunity for new products. Products introduced this month are too late to be considered for fabs built in late 1998, but can compete for fabs built in late 1999. For example, the company debuted its 300 mm Aspen III Strip system, announcing that a tool has been shipped to the Siemens/Motorola Semiconductor 300 project. complete article at: news.semiconductoronline.com

To: John Stewart who wrote (849)	7/26/1998 5:18:00 PM
From: Q.	Read Replies (1) \| Respond to of 3661

John: I would guess from the write off and the price paid for the acquisition that Concept had a book value of a couple million in the red. If so, this would mean Concept had been losing money for some time. Which would mean that it might continue to lose money for some time. So we might be looking at bigger operational losses for MTSN for quite a few quarters, due to Concept. Do I recall correctly that in the cc Brad and Rich avoided discussion of what Concept would do to the near term earnings of the co.?