Contact Information: Contacts: Semitool, Inc. Larry Viano Chief Financial Officer 406.752.2107 Pfeiffer High Investor Relations, Inc. Geoff High 303.393.7044 www.pfeifferhigh.com
Semitool Reports First Quarter Bookings of $63.8 Million, up 42% From Comparable 2007 Quarter
Management to Present at Needham & Co.'s Tenth Annual Growth Conference
| Source: Semitool
KALISPELL, MT--(Marketwire - January 8, 2008) - Semitool, Inc. (NASDAQ : SMTL ), a leading
manufacturer of wafer processing equipment for the semiconductor industry,
today announced that bookings for the first quarter ended December 31, 2007
were $63.8 million, up 42 percent from bookings of $45.0 million in the
same quarter a year ago.
Larry Murphy, president and chief operating officer, said, "Included in our
first quarter bookings are several strategic orders that have broadened our
base of customers in Asia and increased our overall market share. A large
memory customer in Korea ordered two additional Raiders bringing their
total number of Raiders to three. In Taiwan, we received a first time
order as well as repeat orders for front-end-of-line surface preparation
Raiders. We also received an order from another major memory manufacturer
for a copper-plating tool that will be used to develop sub-50nm
technology."
"Another key accomplishment in Asia was our establishment of a joint
development project with a major foundry working on sub-32nm technology for
both BEOL and FEOL cleaning processes," Murphy said. "Our focused effort
in the Asian market is clearly gaining momentum."
Semitool's management will discuss first quarter bookings and general
business trends during a presentation at the Tenth Annual Needham Growth
Conference in New York City on January 9. The presentation will be held at
11:30 a.m. Eastern, and a live webcast of the event will be available on
the investor relations page of Semitool's website, located at
www.semitool.com.
The company plans to report consolidated first quarter financial results
after the market closes on Thursday, January 31. Details related to the
company's first quarter conference call and webcast will be presented in a
subsequent news release.
About Semitool, Inc.
Semitool designs, manufactures and supports highly engineered,
multi-chamber single-wafer and batch wet chemical processing equipment used
in the fabrication of semiconductor devices. The company's primary suites
of equipment include electrochemical deposition systems for electroplating
copper, gold, solder and other metals; surface preparation systems for
cleaning, stripping and etching silicon wafers; and wafer transport
container cleaning systems. The company's equipment is used in
semiconductor fabrication front-end and back-end processes, including
wafer-level packaging.
Headquartered in Kalispell, Montana, Semitool maintains sales and support
centers in the United States, Europe and Asia. The company's stock trades
on Nasdaq under the symbol SMTL. For more information, please visit the
company's website at www.semitool.com.
Semitool is a registered trademark of Semitool, Inc.
Safe Harbor Statement
The matters discussed in this news release include forward-looking
statements, including the statement that our focused effort in the Asian
market is gaining momentum. In addition, the bookings information provided
above will be supplemented by comprehensive consolidated financial results
for the first quarter of fiscal year 2008 in a news release and conference
call expected to occur on January 31, 2008. The forward-looking statements
contained herein are based on management's assumptions, estimates and
projections as of the date hereof and are subject to risks and
uncertainties that are discussed in our filings with the U.S. Securities
and Exchange Commission (SEC), including our Annual Report on Form 10-K for
the fiscal year ended September 30, 2007. In addition, bookings are not
necessarily an indication of revenue in any future financial period. Many
factors can adversely affect future financial performance, including
cancellations and push-outs, customers' on-site acceptance of our products,
unanticipated costs, as well as a number of other risk factors described in
our Annual Report on Form 10-K. Our business in general is subject to risks
that can cause actual results to differ materially from those anticipated
in our forward-looking statements, including, without limitation, demand
being adversely affected by the cyclicality in the semiconductor industry,
delays in acceptance and payment for shipped tools, the company's ability
to timely deliver and support its products, technological changes that
affect our ability to compete, the risks associated with competing on a
global basis and possible volatility in key markets. We assume no
obligation to update forward-looking statements that become untrue because
of subsequent events.