SOURCE: ICOS Vision Systems

April 24, 2008 01:55 ET

ICOS Vision Systems reports Q1-2008 results.

HEVERLEE, BELGIUM--(Marketwire - April 24, 2008) -

Leuven, Belgium - April 24, 2008. - ICOS Vision Systems Corporation NV (Euronext: IVIS), a leading supplier of inspection solutions for the semiconductor industry, today announced its financial results for the first quarter ended March 31, 2008.

Revenues were EUR 19.6 million, approximately 13.0 % lower than the EUR 22.5 million reported for the fourth quarter of 2007 and 2.1 % higher than the first quarter of 2007 revenue of EUR 19.2 million.

Operating profit was EUR 2.0 million, compared to EUR 2.6 million for the fourth quarter of 2007 and compared with EUR 0.6 million in the first quarter of 2007.

Net profit for the period was EUR 2.7 million or 27 Eurocents per share, compared to EUR 2.8 million or 27 Eurocents per share, for the fourth quarter of 2007 and EUR 1.6 million, or 15 Eurocents per share, for the first quarter of 2007.

"Revenues declined sequentially during the first quarter of 2008, as a consequence of the weak condition of the semiconductor capital equipment market," commented Anton De Proft, ICOS' president and chief executive officer. "We expect this difficult market condition to continue during the second quarter of this year."

On April 8, 2008, Belize Holdings BVBA, a 100% subsidiary of KLA-Tencor (NASDAQ: KLAC), has launched a public takeover bid on all outstanding shares, warrants and options of the company. This takeover bid closes on May 19, 2008. The board of directors of ICOS Vision Systems recommends acceptance of the bid by its securities holders and those board members who are shareholders, have agreed to tender their shares in the bid.

More information can be found in the prospectus issued by Belize Holdings and available at,,, and

In view of the takeover bid, the company will not hold a conference call.

ICOS designs and manufactures inspection equipment for semiconductor packaging and interconnect applications. It is a world-leading supplier of equipment for the visual inspection of IC's, before they are used in various applications such as PC's, portable phones or cars. ICOS' systems perform two- and three-dimensional (2D and 3D) inspection of IC's, wafers, solar cells, substrates, sockets, etc. ICOS offers stand-alone inspection systems, as well as inspection modules for integration. ICOS is headquartered in Leuven, Belgium and has R&D centers in Belgium, Germany and Hong Kong, sales and support offices in Japan, the USA, Singapore, Hong Kong, Korea and Taiwan and production facilities in Belgium, Hong Kong and China.

ICOS Vision Systems Corporation NV can be found on the World Wide Web at

ICOS Vision Systems reports Q1-2008 results --

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