Amtech Systems Inc. - strong buy recommendation update.FORT LAUDERDALE Fort Lauderdale (lô`dərdāl), residential, commercial, and resort city (1990 pop. 149,377), seat of Broward co., SE Fla., on the Atlantic coast; settled around a fort built (c.1837) in the Seminole War, inc. 1911. , Fla.--(BUSINESS WIRE)--July 30, 1996--Barber & Bronson Inc., a full service brokerage firm that specializes in researching microcap companies announced that they have updated their research coverage on Amtech Systems Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ASYS) and are reiterating a `Strong Buy' on the stock. Amtech Systems Inc., based in Tempe, Ariz., is a supplier of capital equipment to the worldwide semiconductor industry. Recently, Amtech has sold off its technical contract personnel business to concentrate on niche opportunities and emerging technologies in the semiconductor industry. In the last six months of this fiscal year, we expect the company to report two record quarters as semiconductor equipment sales rise, indicated by their record backlog of $7.2 million in orders. For the year, Amtech is expected to surpass the $8 million revenue mark, another new high for the company. Amtech is aggressively expanding in the industry and has recently signed a joint venture agreement to start construction of the first silicon wafer reclamation business in South Korea. Also under development, with the help of the University of California The University of California has a combined student body of more than 191,000 students, over 1,340,000 living alumni, and a combined systemwide and campus endowment of just over $7.3 billion (8th largest in the United States). , is a revolutionary Photo-assisted chemical vapor deposition Chemical vapor deposition (CVD) is a chemical process used to produce high-purity, high-performance solid materials. The process is often used in the semiconductor industry to produce thin films. (PACVD PACVD Plasma-Assisted Chemical Vapor Deposition ) technology. This patented technology holds the potential to significantly improve the current manufacturing process of semiconductors. These products are expected to substantially increase Amtech's future revenues. Barber & Bronson Inc. has locations in Fort Lauderdale, Hilton Head, S.C. and New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and has a Miami office opening in the fall of 1996. CONTACT: Barber & Bronson Inc., Fort Lauderdale Craig A. Samuels, Institutional Sales 800/729-7173, fax 954/730-7794 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion