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's Third Quarter Bookings Reach $67.1 Million; Company Achieves Fifth Consecutive Quarter of Order Growth
| Source: Semitool
SAN FRANCISCO, CA--(Marketwire - July 16, 2008) - Semitool, Inc. (NASDAQ : SMTL ), a leading
manufacturer of wafer processing equipment for the semiconductor industry,
announced today at the SEMICON West trade show that bookings for the third
quarter ended June 30, 2008, were $67.1 million, up 33 percent from $50.6
million in the same quarter a year ago. It was the fifth consecutive
quarter in which Semitool achieved improved bookings performance.
Larry Murphy, president and chief operating officer, said, "We continue to
benefit from the inroads we have made in the Asian market, which was
responsible for approximately 58 percent of our third quarter tool orders.
The extension of our bookings momentum in spite of current market
challenges is a clear indication of the yield and cost-of-ownership
benefits customers are realizing from our Raider platform."
Semitool intends to report consolidated third quarter financial results
after the market closes on August 5, 2008. 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. In addition, the bookings information provided above will be
supplemented by comprehensive consolidated financial results for the third
quarter of fiscal year 2008 in a news release and conference call expected
to occur on August 5, 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.