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Technology Stocks : Cymer (CYMI) NEWS ONLY! -- Ignore unavailable to you. Want to Upgrade?

To: GREATMOOD who wrote (541)	9/17/1998 10:06:00 AM
From: Czechsinthemail	Read Replies (1) \| Respond to of 582

Thursday September 17, 9:30 am Eastern Time Company Press Release SOURCE: Cymer, Inc. Gerald F. Taylor Joins Cymer Board Of Directors; Addition of former Applied Materials' CFO Expands Cymer Board SAN DIEGO, Sept. 17 /PRNewswire/ -- Cymer, Inc. (Nasdaq: CYMI - news), the world's leading supplier of excimer laser illumination sources essential for deep ultraviolet (DUV) photolithography, today announced that Gerald (Jerry) F. Taylor, retired chief financial officer and senior vice president of Applied Materials, Inc. (Santa Clara, Calif.) has joined its board of directors. Expanding the Cymer board to six members, Taylor's addition is part of the company's efforts to meet its organizational goals by carefully managing its corporate-wide strategic growth plan. Taylor joined Applied Materials as CFO in June 1984. During the next fourteen years, Applied grew from $150 million to over $4 billion in revenues. ''No company has managed the cyclicality of the industry better than Applied,'' said Cymer president and chief executive officer Robert Akins. ''Jerry's nearly two decades of semiconductor industry experience will be extremely valuable in assuring that we leverage our dominant technology and market leadership position by utilizing sound industry commercial practices. We are pleased to welcome him to our board as we manage through this current industry downturn while preparing Cymer for the inevitable growth that is expected to occur in DUV lithography.'' Over the past two years, Cymer aggressively expanded its manufacturing and business infrastructure to meet the then rising demand for its DUV lasers. More recently, the company has been focused on developing efficiencies in its process infrastructure in order to ensure Cymer's ongoing ability to respond to changing market conditions and the corresponding change in customer needs. In addition to his board position with Cymer, Taylor currently acts as senior advisor to Applied Materials' CEO Jim Morgan, as well as to Applied's executive team. Prior to his position at Applied Materials, Taylor served as group controller of the North American business unit for Schlumberger Oil Field Services (Houston, Texas) from 1980 to 1984. In addition, he served as vice president-corporate controller for Fairchild Semiconductor (Mountain View, Calif.) from 1976 to 1980. He holds a bachelor's degree in economics from the University of Nebraska and a master's degree in business administration from the University of Southern California. With the addition of Taylor, Cymer's board now consists of six members, including Akins; Richard Abraham, general partner of Weeden Capital Partners; Kenneth Deemer, vice president of InterVen II Partners, L.P.; Peter Simone, president and CEO of Xionics Document Technologies [Nasdaq:XION - news], Inc.; and F. Duwaine Townsen, managing partner of Ventana Growth Fund II, L.P. Cymer, Inc. is the world's leading supplier of excimer laser illumination sources, the essential light source for deep ultraviolet (DUV) photolithography systems. DUV lithography is a key enabling technology that has allowed the semiconductor industry to meet the exact specifications and manufacturing requirements for volume production of today's advanced semiconductor chips. Further information on Cymer may be obtained from the Company's SEC filings, the Internet at cymer.com or by contacting the Company directly. SOURCE: Cymer, Inc.