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 (1106)	4/21/1999 4:33:00 PM
From: Ian@SI	Read Replies (1) \| Respond to of 3661

Another slow quarter, but it seems as if there's a strong pickup in business with MTSN's BtB at 1.5:1 ... Quarter-to-quarter net sales increased 3%, up from $13.9 million for the fourth quarter of 1998. The net loss for the first quarter represents a decrease from a net loss of $ 5.1 million, or 33 cents per diluted share last quarter. Bookings increased 44 percent, up from $14.7 million in the fourth quarter of 1998, resulting in a book-to-bill ratio of 1.5 to 1.0. Brad Mattson, CEO of Mattson Technology, stated, "Our multi-product strategy is starting to pay off with the CVD and RTP products dominating the product mix during the last two quarters. Our bookings for Q1 were strong and we are seeing evidence that market conditions may be improving over the next couple of quarters." ... Net sales for the first quarter of 1999 were $14.3 million, compared to $20.2 million for the first quarter of 1998, a decrease of 29 percent. The Company recorded a net loss for the first quarter of $2.4 million or 16 cents per diluted share, compared to a net loss of $1.2 million or 9 cents per diluted share, for the first quarter of 1998. Bookings for the first quarter of 1999 were $21.2 million as compared to $9.6 million for the first quarter of 1998. Backlog decreased 4.3 percent to $29.5 million, compared to $30.8 million in the first quarter of 1998.