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To: Rob C. who wrote (21784)	4/22/1999 4:45:00 PM
From: BillyG	Respond to of 25960

Ultratech reports $2.5 million loss, but revenue picture improves A service of Semiconductor Business News, CMP Media Inc. Story posted 12:30 p.m. EST/9:30 a.m., PST, 4/22/99 SAN JOSE --Ultratech Stepper Inc. today reported a first-quarter net loss $2.5 million, or $0.12 per share (diluted), on relatively flat revenues of $25.8 million versus $27.8 million in the first quarter of 1998. In that year-ago period, the company had a slight profit of $361,000. However, the first quarter's revenues were 31% higher than in the fourth quarter of 1998, when Ultratech took in $18.9 million. "Ultratech's first-quarter results benefited from improved system sales to the semiconductor industry," said Arthur W. Zafiropoulo, Ultratech's president and CEO. "In addition, we experienced a solid quarter of bookings from the thin-film head industry, especially in back-end processes. We believe that several of our served markets may be emerging from their prolonged cyclical downturn, and believe we are well positioned, both in terms of our product offerings and our financial position, to meet our customers' needs."