SOURCE: Rudolph Technologies, Inc.

July 09, 2008 09:07 ET

Rudolph Technologies Second Quarter Revenue to Exceed Guidance, Sequential Revenue Growth Forecast for the Third Quarter

FLANDERS, NJ--(Marketwire - July 9, 2008) - Rudolph Technologies, Inc. (NASDAQ: RTEC), a leading provider of process characterization equipment and software for both front-end and back-end inspection and metrology solutions, today pre-announced that its second quarter 2008 revenue will exceed the high end of Company guidance and finish above $38 million. Earnings per share guidance for the second quarter 2008 remains unchanged. Furthermore, the Company now anticipates quarterly sequential revenue growth in the 2008 third quarter.

"We are very pleased with the revenue growth we are seeing," commented Paul F. McLaughlin, Chairman and Chief Executive Officer. "The strengthening of our back-end business, the early acceptance of some of our new products, and an acceleration of product sales resulting from our recent acquisitions have enabled us to exceed our previous revenue guidance of flat to down five percent for the second quarter of 2008 ending June 30th. We expect these positive drivers to continue which in turn guides our forecast for sequential revenue growth in the 2008 third quarter."

Rudolph Technologies will issue a press release announcing its final 2008 second quarter results on August 4, 2008 at approximately 4:00 PM Eastern Daylight Time (EDT) and Paul F. McLaughlin, Chairman and Chief Executive Officer and Steven Roth, Chief Financial Officer will host a conference call that same day at 4:45 PM EDT. A live webcast will also be available to investors on the Company's website at www.rudolphtech.com. Please go to the Web site at least fifteen minutes prior to the call to register, download and install any necessary audio software.

About Rudolph Technologies

Rudolph Technologies is a worldwide leader in the design, development, manufacture and support of high-performance process control metrology, defect inspection and data analysis systems used by semiconductor device manufacturers. Rudolph provides a full-fab solution through its families of proprietary products that provide critical yield-enhancing information, enabling microelectronic device manufacturers to drive down costs and time to market. Rudolph has enhanced the competitiveness of its products in the marketplace by anticipating and addressing many emerging trends driving the semiconductor industry's growth. Rudolph's strategy for continued technological and market leadership includes aggressive research and development of complementary metrology and inspection solutions. Headquartered in Flanders, New Jersey, Rudolph supports its customers with a worldwide sales and service organization. Additional information can be found on the Company's website at www.rudolphtech.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 including, but not limited to, statements related to our expectations regarding our revenue and earning expectations for the second quarter of 2008. In some cases, you can identify those so-called "forward-looking statements" by words such as "may," "will," "would," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential," or "continue," or the negative of those words and other comparable words. Rudolph wishes to take advantage of the "safe harbor" provided for by the Private Securities Litigation Reform Act of 1995 and you are cautioned that actual events or results may differ materially from the expectations expressed in such forward-looking statements as a result of various factors, including risks and uncertainties, many of which are beyond the control of Rudolph. Factors that could cause actual results to differ materially from the expectations expressed in such forward-looking statements include, but are not limited to: (1) cyclicality of the semiconductor industry; (2) customer concentration; (3) introduction of new products by Rudolph's competitors; (4) sole or limited sources of supply; (5) revenues may be lower than expected; (6) costs, customer loss and business disruption, including, without limitation, difficulties in maintaining relationships with employees, customers, clients or suppliers, may be greater than expected; (7) the industry may be subject to future regulatory or legislative actions that could adversely affect the Company; (8) the impact of a slowdown in the overall economy; (9) uncertainty of the current global political environment; (10) the potential for terrorist attacks; (11) changes in customer demands for our existing and new products, the timing, cancellation or delay of customer orders and shipments; (12) the timing of revenue recognition of shipments and services provided; (13) changes in or an inability to execute our business strategy; (14) unanticipated manufacturing or supply problems; (15) changes in tax rules; (16) the assets of Applied Precision's semiconductor operations and/or RVSI Inspection may not be integrated into Rudolph successfully, which may result in the Company not operating as effectively and efficiently as expected or such integration may be more difficult, time-consuming or costly than expected; (17) revenues following the acquisitions may be lower than expected; and (18) the expected combination benefits from the acquisitions may not be fully realized or realized within the expected time frame. Rudolph cannot guarantee future results, levels of activity, performance, or achievements. Additional factors that may affect the future results of Rudolph are set forth in its Form 10-K report for the year ended December 31, 2007 and other filings with the Securities and Exchange Commission ("SEC"), which are available at http://www.sec.gov, the SEC's website, and at the Company's website which is http://www.rudolphtech.com. These factors are updated from time to time through the filing of reports and registration statements with the SEC. Rudolph Technologies does not assume any obligation to update the forward-looking information contained in this press release.

Contact Information

  • For more information, please contact:

    Investors:
    Steven R. Roth
    973.448.4302
    Email Contact

    Trade Press:
    Virginia Becker
    952.259.1647
    Email Contact