Asyst Technologies Reports Second Quarter Results.Business Editors FREMONT Fremont (frē`mŏnt). 1 City (1990 pop. 173,339), Alameda co., W Calif., on San Francisco Bay; inc. 1956. Long an agricultural center, with champagne vineyards founded (1870) by Leland Stanford, it still ships fruits and vegetables. , Calif.--(BUSINESS WIRE)--Oct. 24, 2002 Asyst Technologies, Inc., (Nasdaq NM: ASYT), a leading provider of integrated automation solutions that maximize the productivity of semiconductor manufacturing, today announced financial results for its second fiscal quarter ended Sept. 30, 2002. Results were in line with company guidance. Net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight from continuing operations continuing operations Parts of a business that are expected to be maintained as an ongoing segment of an overall business operation. Income and losses from continuing operations are reported separately if any segments have been discontinued during the were $72.3 million, a 39% increase over $51.9 million in the prior sequential quarter. Gross margin from continuing operations was 39%, compared with 32% in the first fiscal quarter. Pro forma As a matter of form or for the sake of form. Used to describe accounting, financial, and other statements or conclusions based upon assumed or anticipated facts. The phrase pro forma net income from continuing operations was $631,000, or $.02 per diluted di·lute tr.v. di·lut·ed, di·lut·ing, di·lutes 1. To make thinner or less concentrated by adding a liquid such as water. 2. To lessen the force, strength, purity, or brilliance of, especially by admixture. share. GAAP GAAP See: Generally Accepted Accounting Principles GAAP See generally accepted accounting principles (GAAP). net loss from continuing operations, which includes $11.6 million of one-time one-time adj. 1. or one·time a. Occurring or undertaken only once: a one-time winner in 1995. b. charges and a $62.7 million write-off Write-Off A reduction in the value of an asset or earnings by the amount of an expense or loss. Companies are able to write off certain expenses that are required to run the business, or have been incurred in the operation of the business and detract from retained revenues. to the company's deferred tax asset, was $(75,960,000), or $(2.03) per diluted share. GAAP net loss of $(78,053,000), or $(2.08) per diluted share, includes the results of the company's AMP and SemiFab subsidiaries, which have been reclassified as discontinued operations Discontinued operations Divisions of a business that have been sold or written off and that no longer are maintained by the business. based on the company's intention to sell these businesses. "We believe that Asyst's rate of sales growth in the second fiscal quarter was significantly higher than that of our direct competitors and the general industry," said Steve Schwartz Dr. Schwartz founded Unitrends in 1989 in Myrtle Beach, South Carolina. Schwartz is considered the initial developer of a data recovery and restoration technique known as bare-metal restore and is recognized in the software industry as the developer of CTAR (Compressing Tape Archiver) and , president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "We attribute our relative strength to three primary factors. First, we have continued to be aggressive in product development throughout this downturn Downturn The transition point between a rising, expanding economy to a falling, contracting one. downturn A decline in security prices or economic activity following a period of rising or stable prices or activity. , with new products introduced in every major product division over the past nine months. These products in aggregate represented approximately 20% of product sales in the quarter. Second, we believe we have increased market share in several product categories. Third, we have clear market leadership in Asia, particularly in China, which again was a bright spot for equipment spending in the quarter." Mr. Schwartz Schwartz is a Canadian spices brand. It is also a common surname and may refer to:
n. Too great a capacity for production of commodities or delivery of services in relation to actual need: the problem of overcapacity in many large industries. , which is leading us to build a conservative operating plan. Fortunately, we are well positioned with new products, a renewed re·new v. re·newed, re·new·ing, re·news v.tr. 1. To make new or as if new again; restore: renewed the antique chair. 2. management team, and sufficient capital resources to sustain our investments in next-generation product development. We also are committed to leveraging our Asyst-Shinko AMHS AMHS ATS Message Handling System (air traffic control) AMHS Alaska Marine Highway System AMHS Automated Message Handling System AMHS Aeronautical Message Handling System AMHS Academic Magnet High School joint venture, which we believe will be somewhat insulated in·su·late tr.v. in·su·lat·ed, in·su·lat·ing, in·su·lates 1. To cause to be in a detached or isolated position. See Synonyms at isolate. 2. from the industry downturn because of long-lead-time installations that already are underway or committed." Deferred Tax Asset, Other Charges The company incurred a non-cash write off of $62.7 million of its deferred tax assets, which represent tax benefits accumulated ac·cu·mu·late v. ac·cu·mu·lat·ed, ac·cu·mu·lat·ing, ac·cu·mu·lates v.tr. To gather or pile up; amass. See Synonyms at gather. v.intr. To mount up; increase. through historical pre-tax pre-tax adj → anterior al impuesto pre-tax adj → avant impôt(s) pre-tax adj → al lordo d'imposta losses. This is in accordance Accordance is Bible Study Software for Macintosh developed by OakTree Software, Inc.[] As well as a standalone program, it is the base software packaged by Zondervan in their Bible Study suites for Macintosh. with GAAP, which in assessing the amount of such a valuation adjustment gives substantially more weight to recent losses than to forecast future profitability. The company will still be able to realize the tax benefit of historical pre-tax losses, both from a cash and an accounting perspective, upon achieving taxable income Under the federal tax law, gross income reduced by adjustments and allowable deductions. It is the income against which tax rates are applied to compute an individual or entity's tax liability. The essence of taxable income is the accrual of some gain, profit, or benefit to a taxpayer. . The company also recognized $11.6 million of one-time charges, primarily related to the write-down Write-Down Reducing the book value of an asset because it is overvalued compared to the market value. Notes: This is usually reflected in the company's income statement as an expense, thereby reducing net income. of the value of land held for sale ($7.1 million), previously announced charges related to its outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management. of manufacturing ($2.3 million), and other non-cash restructuring charges restructuring charge The expense of reorganizing a company's operations. A restructuring charge is an infrequent expense that generally results from asset writedowns or facility closings. ($2.2 million). Cash impact of the charges is $3.0 million, which will be disbursed over the next several quarters. As previously announced, the company's outsourced manufacturing strategy will result in significantly lower fixed manufacturing costs through consolidation from three manufacturing floors to one, reduced manufacturing headcount head count or head·count n. 1. The act of counting people in a particular group. 2. The number of people counted in this way. Noun 1. and less inventory burden. By making manufacturing costs more variable, management believes that Asyst can sustain break-even operations in the next downturn. Potential Land Sale, New Credit Facility The company has a signed purchase agreement to sell its land held for sale in Fremont, Calif. for approximately $19 million, net of commissions. The transaction is expected to close by the end of December December: see month. . Earlier this month, the company announced that it has established a $25 million credit facility through Comerica Comerica Incorporated NYSE: CMA is a financial services company headquartered in Dallas, Texas. The bank was founded in Detroit in 1849 as the Detroit Savings Fund Institute, by Elon Farnsworth. . The renewable two-year facility carries a variable interest rate of six-month LIBOR LIBOR See: London Interbank Offered Rate LIBOR See London interbank offered rate (LIBOR). + 3.75%, which currently equals approximately 5.6% annually. Availability of the facility is dependent upon compliance with certain covenants, including maintaining a minimum cash balance. Following funding of its purchase of 51% of Asyst-Shinko Inc., the company has approximately $58 million of cash and short-term Short-term Any investments with a maturity of one year or less. short-term 1. Of or relating to a gain or loss on the value of an asset that has been held less than a specified period of time. investments. Assuming closing of the land sale and current expectations for neutral-to-positive cash burn in its third fiscal quarter ending December, the company expects to have approximately $75-$80 million of cash and short-term investments at December 31, 2002. Of the company's long-term debt Long-Term Debt Loans and financial obligations lasting over one year. Notes: For example debts obligations such as bonds and notes which have maturities greater than one year would be considered long-term debt. of $91 million as of Sept. 30, 2002, $86 million relates to the company's 5.75% convertible debentures Convertible Debenture Any type of debenture that can be converted into some other security. Notes: For example, a convertible bond can be converted into stock. due 2008, convertible into common stock at $15.18 per share. Approximately $5 million is long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. asset-based debt held by Asyst Japan Inc. Short-term debt Short-term debt Debt obligations, recorded as current liabilities, requiring payment within the year. of $19.4 million is low-interest Adj. 1. low-interest - (used of loans) charging a relatively small percentage of the amount borrowed high-interest - (used of loans) charging a relatively large percentage of the amount borrowed , asset-based revolving debt held by Asyst Japan Inc. This short-term debt is expected to stay at approximately current levels. The company's long-term debt will increase by approximately $25 million as a result of drawing down the new credit facility. Outlook For its third fiscal quarter ending December 2002, the company expects to consolidate the results of Asyst-Shinko Inc. Consistent with prior guidance, Asyst-Shinko is expected to achieve quarterly revenue of approximately $25 million and operating profit Operating profit (or loss) Revenue from a firm's regular activities less costs and expenses and before income deductions. operating profit See operating income. in the mid-single-digit range, excluding a non-cash charge Non-Cash Charge A charge off, made by a company against earnings, that does not require an initial outlay of cash. Notes: Non-cash charges are typically against the depreciation, amortization, and depletion accounts on a company's balance sheet. for in-process research and development. Excluding Asyst-Shinko, the company expects to achieve net sales of approximately $50-55 million, which implies a rate of decline that is roughly consistent with guidance being provided across the industry. Gross margin is expected to decline to the 30% range. This reflects the under-absorption of overhead at the lower sales level as well as accelerated depreciation Accelerated Depreciation Any method of depreciation used for accounting or income tax purposes that allows greater deductions in the earlier years of the life of an asset. Notes: The straight-line depreciation method spreads the cost evenly over the life of an asset. on manufacturing assets that will have reduced lives as a result of the transition of manufacturing to Solectron Solectron Corporation (NYSE: SLR), is a global electronics manufacturing company for original equipment manufacturer (OEMs). It pioneered the electronics manufacturing services (EMS) industry in 1977 and is a leader in the field. . The company expects to begin to see benefits from the Solectron partnership by the middle of calendar 2003, after transition to Solectron facilities has begun. Through the outsourcing strategy, the previously announced planned divestiture The breakup of AT&T. By federal court order, AT&T divested itself on January 1, 1984 of its 23 operating companies, which became known as the Regional Bell Operating Companies (RBOCs). of two manufacturing subsidiaries, and a hiring freeze Noun 1. hiring freeze - a freeze on hiring freeze - fixing (of prices or wages etc) at a particular level; "a freeze on hiring" , the company has reduced headcount in continuing operations from 1,250 to about 850. The company plans to implement measures to further reduce operating expenses Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. . Additional actions will depend on the outlook for the March quarter and beyond. Based on this guidance, the company expects to have neutral-to-positive operating cash flow Operating cash flow Earnings before depreciation minus taxes. Measures the cash generated from operations, not counting capital spending or working capital requirements. for the December quarter as it benefits from reductions in accounts receivable accounts receivable n. the amounts of money due or owed to a business or professional by customers or clients. Generally, accounts receivable refers to the total amount due and is considered in calculating the value of a business or the business' problems in paying . The company's ongoing objective during this downturn is to push the breakeven breakeven 1. The level of output or sales necessary to cover fixed expenses. Companies in industries that have high fixed costs and, consequently, high breakevens, such as automobile and steel manufacturing, are likely to exhibit large fluctuations level toward the $60 million range, and to manage cash burn to an average level of $5 million per quarter. Highlights -- On October 16, the company announced that it has closed its purchase of a 51% interest in a new joint venture company, Asyst-Shinko Inc. Asyst-Shinko is the leading global provider of 300mm AMHS systems. -- On October 8, Asyst announced that it has closed a $25 million credit facility through Comerica to support the acquisition of its 51% interest in the Asyst-Shinko joint venture company. -- On September 5, Asyst announced that it has entered into a five-year supply agreement with Solectron Corporation as part of an outsourced manufacturing strategy. -- On August 15, the company announced that it has received a multi-million dollar order from Grace Semiconductor Manufacturing Corp. (GSMC) of Shanghai, China. This is Asyst's third customer in China, where the company has won substantially all of the automation served available market -- On August 2, the company announced that it has named Stephen S. Schwartz to the position of president and chief executive officer and as a member of the board of directors. In the role of CEO he replaces Mihir Parikh, who remains as chairman of the board of directors. Pro Forma Adjustments: Pro forma adjustments include the impact of amortized acquisition-related stock-based compensation, the amortization of acquired intangible assets Intangible Asset An asset that is not physical in nature. Notes: Examples are things like copyrights, patents, intellectual property, and goodwill. These are the opposite of tangible assets. , in-process research and development costs of acquired businesses, write-off of deferred tax asset, restructuring charges, and discontinued operations. About Asyst Asyst Technologies, Inc. is a leading provider of integrated automation systems for the semiconductor manufacturing industry, which enable semiconductor manufacturers to increase their manufacturing productivity and protect their investment in silicon wafers wafers compressed roughage in flat plates useful for feeding to animals in transit. during the manufacture of integrated circuits Integrated circuits Miniature electronic circuits produced within and upon a single semiconductor crystal, usually silicon. Integrated circuits range in complexity from simple logic circuits and amplifiers, about 1/20 in. (1. , or ICs. Encompassing isolation systems, work-in-process materials management Materials management is the branch of logistics that deals with the tangible components of a supply chain. Specifically, this covers the acquisition of spare parts and replacements, quality control of purchasing and ordering such parts, and the standards involved in ordering, , substrate-handling robotics robotics, science and technology of general purpose, programmable machine systems. Contrary to the popular fiction image of robots as ambulatory machines of human appearance capable of performing almost any task, most robotic systems are anchored to fixed positions , automated au·to·mate v. au·to·mat·ed, au·to·mat·ing, au·to·mates v.tr. 1. To convert to automatic operation: automate a factory. 2. transport and loading systems, and connectivity automation software, Asyst's modular, interoperable The ability for one system to communicate or work with another. See interoperability. solutions allow chipmakers and original equipment manufacturers, or OEMs, to select and employ the value-assured, hands-off hands-off adj. Characterized by nonintervention: a hands-off foreign policy. Adj. 1. hands-off - not involving participation or intervention; "a hands-off foreign policy" manufacturing capabilities that best suit their needs. Asyst's homepage is http://www.asyst.com Conference Call Details A live webcast of the conference call to discuss the quarter's financial results will take place today at 4:30 p.m. Eastern Time. The webcast will be publicly available on Asyst's website at http://www.asyst.com. A replay of the Webcast may be accessed via the same address. In addition, a standard telephone instant replay of the conference call is available by dialing (303) 590-3000, followed by the passcode 501034. The audio instant replay is available from October October: see month. 24th at 6:30 p.m. Eastern Time through November November: see month. 7th at 11:59 p.m. Eastern Time. "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 Except for statements of historical fact, the statements in this press release are forward-looking for·ward-look·ing adj. Concerned with or making provision for the future: forward-looking educators; a forward-looking corporate plan. Adj. 1. . Such statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from the statements made. These factors include, but are not limited to: the volatility of semiconductor industry cycles, failure to respond to rapid demand shifts, dependence on a few significant customers, the transition of the industry from 200mm wafers to 300mm wafers, risks associated with the acceptance of new products and product capabilities, including our Plus Portal systems portal system: see circulatory system. , competition in the semiconductor equipment industry, failure to efficiently integrate acquired companies, failure to retain employees, and other factors more fully detailed in the Company's annual report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended March 31, 2002, and Form 10-Q Form 10-Q See 10-Q. for the period ended June June: see month. 30, 2002, filed with the Securities and Exchange Commission.
ASYST TECHNOLOGIES, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited, in thousands)
Sept 30, June 30, March 31,
2002 2002 2002
--------- --------- ----------
ASSETS
Current assets:
Cash and cash
equivalents $ 61,567 $ 64,658 $ 74,738
Restricted cash
equivalents and
short-term
investments 4,228 4,158 5,052
Short-term
investments 14,000 14,000 5,000
Accounts
receivable, net 50,553 40,545 29,715
Inventories 34,378 40,420 45,110
Deferred tax
asset - 33,937 33,906
Prepaid expenses
and other current
assets 10,397 15,272 15,006
--------------- --------------- --------------
Total current
assets 175,123 212,990 208,527
--------------- --------------- --------------
Long-term assets:
Property and
equipment, net 36,171 39,162 38,366
Deferred tax
asset - 33,265 30,294
Intangible
assets, net 40,140 41,982 35,048
Other assets, net 21,742 30,589 32,180
--------------- --------------- --------------
Total long-
term assets 98,053 144,998 135,888
--------------- --------------- --------------
$ 273,176 $ 357,988 $ 344,415
=============== =============== ==============
LIABILITIES AND
SHAREHOLDERS' EQUITY
Current liabilities:
Short-term loans $ 19,389 $ 19,964 $ 16,707
Current portion of
long-term debt and
finance leases 1,669 1,880 2,130
Accounts payable 13,583 16,919 10,246
Accrued
liabilities and
other 37,037 34,063 47,859
Deferred revenue 6,360 7,555 4,476
--------------- --------------- --------------
Total current
liabilities 78,038 80,381 81,418
--------------- --------------- --------------
Long-term liabilities:
Long-term debt and
finance leases, net
of current portion 91,071 91,238 91,265
Other long-term
liabilities 46 6,520 6,795
--------------- --------------- --------------
Total long-term
liabilities 91,117 97,758 98,060
--------------- --------------- --------------
Shareholders' equity:
Common Stock 325,965 322,686 294,316
Retained earnings
(deficit) (221,944) (142,837) (129,379)
--------------- --------------- --------------
Total
shareholders'
equity 104,021 179,849 164,937
--------------- --------------- --------------
$ 273,176 $ 357,988 $ 344,415
=============== =============== ==============
ASYST TECHNOLOGIES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited; in thousands, except per share data)
Three Three Six Six
Months Months Months Months
Ended Ended Ended Ended
Sept 30, Sept 30, Sept 30, Sept 30,
2002 2001 2002 2001
--------- --------- --------- ---------
Net sales $ 72,319 $ 48,494 $124,183 $111,830
Cost of sales 44,150 34,394 79,459 80,352
--------- --------- --------- ---------
Gross profit 28,169 14,100 44,724 31,478
--------- --------- --------- ---------
Operating expenses:
Research and development 10,058 10,034 20,350 21,052
Selling, general and
administrative 17,346 20,280 33,884 41,976
Amortization of acquired
intangible assets 1,916 2,423 3,566 3,650
Non-recurring charges 11,621 1,669 11,621 20,321
In-process research and
development costs of
acquired business (418) - 2,084 2,000
---------------------------------------- --------- --------- ---------
Total operating
expenses 40,523 34,406 71,505 88,999
--------- --------- --------- ---------
Operating income (loss) (12,354) (20,306) (26,781) (57,521)
Other income (expense), net (945) (844) (2,650) (939)
--------- --------- --------- ---------
Income (loss) before provision
(benefit) for income taxes (13,299) (21,150) (29,431) (58,460)
Provision (benefit) for income
taxes 62,661 (6,672) 58,628 (19,289)
--------- --------- --------- ---------
Net income (loss) Continuing
Operations $(75,960) $(14,478) $(88,059) $(39,171)
========= ========= ========= =========
Discontinued Operations,
net of income tax (2,093) (3,863) (3,453) (6,725)
--------- --------- --------- ---------
Net income (loss) $(78,053) $(18,341) $(91,512) $(45,896)
========= ========= ========= =========
Basic earnings (loss) per
share:
Continuing Operations $ (2.03) $ (0.41) $ (2.38) $ (1.12)
Discontinued Operations $ (0.05) $ (0.11) $ (0.09) $ (0.19)
--------- --------- --------- ---------
Total basic earnings (loss)
per share $ (2.08) $ (0.52) $ (2.47) $ (1.31)
========= ========= ========= =========
Diluted earnings (loss)
per share:
Continuing Operations $ (2.03) $ (0.41) $ (2.38) $ (1.12)
Discontinued Operations $ (0.05) $ (0.11) $ (0.09) $ (0.19)
--------- --------- --------- ---------
Total diluted earnings (loss)
per share $ (2.08) $ (0.52) $ (2.47) $ (1.31)
========= ========= ========= =========
Shares used in the per share
calculation:
Basic 37,452 35,286 37,009 35,147
========= ========= ========= =========
Diluted 37,452 35,286 37,009 35,147
========= ========= ========= =========
ASYST TECHNOLOGIES, INC.
PRO FORMA CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited; in thousands, except per share data)
Three Months Pro Pro
Ended Forma Forma
Sept 30, Adjustments Results
2002
------------ ------------ --------
Net sales $ 72,319 $ - $72,319
Cost of sales 44,150 (76) 44,073
-------- -------- --------
Gross profit 28,169 28,246
-------- --------
Operating expenses:
Research and development 10,058 (341) 9,717
Selling, general and
administrative 17,346 (393) 16,953
Amortization of acquired
intangible assets 1,916 (1,916) -
Non-recurring charges 11,621 (11,621) -
In-process research and
development costs of
acquired business (418) 418 -
-------- -------- --------
Total operating expenses 40,523 26,670
-------- --------
Operating income (loss) (12,354) - 1,576
Other income (expense), net (945) - (945)
-------- -------- --------
Income (loss) before provision
(benefit) for income taxes (13,299) - 631
Provision (benefit) for income
taxes 62,661 (62,661) -
-------- -------- --------
Net income (loss) Continuing
Operations $(75,960) $ 631
======== ========
Discontinued Operations, net of
income tax (2,093) 2,093 -
-------- --------
Net income (loss) $(78,053) $ 631
======== ========
Basic net income (loss) per share
Continuing Operations $ (2.03) $ 0.02
Discontinued Operations $ (0.05) $ 0.00
-------- --------
Total Basic net income (loss)
per share $ (2.08) $ 0.02
======== ========
Diluted net income (loss) per share
Continuing Operations $ (2.03) $ 0.02
Discontinued Operations $ (0.05) $ 0.00
-------- --------
Total Diluted net income (loss)
per share $ (2.08) $ 0.02
======== ========
Shares used in the per share
calculation:
Basic 37,452 37,452
======== ========
Diluted 37,452 39,670
======== ========
ASYST TECHNOLOGIES, INC.
PRO FORMA CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited; in thousands, except per share data)
Three Months Pro Pro
Ended Forma Forma
June 30, Adjustments Results
2002
----------- ------------ ---------
Net sales $ 51,864 $ - $ 51,864
Cost of sales 35,310 (37) 35,273
-------- ------- -------
Gross profit 16,554 16,591
-------- --------
Operating expenses:
Research and development 10,291 (269) 10,022
Selling, general and
administrative 16,539 (115) 16,424
Amortization of acquired
intangible assets 1,650 (1,650) -
Non-recurring charges - - -
In-process research and
development costs of acquired
business 2,500 (2,500) -
-------- ------- -------
Total operating expenses 30,980 26,446
-------- --------
Operating income (loss) (14,426) - (9,855)
Other income (expense), net (1,705) - (1,705)
-------- ------- -------
Income (loss) before provision
(benefit) for income taxes (16,131) - (11,560)
Provision (benefit) for income
taxes (4,033) - (4,033)
-------- ------- -------
Net income (loss) Continuing
Operations $(12,098) $ (7,527)
======== ========
Discontinued Operations, net of
income tax (1,360) 1,360 -
-------- --------
Net income (loss) $(13,458) $ (7,527)
======== ========
Basic net income (loss) per share
Continuing Operations $ (0.33) $ (0.21)
Discontinued Operations $ (0.04) $ -
-------- --------
$ (0.37) $ (0.21)
======== ========
Diluted net income (loss)
per share
Continuing Operations $ (0.33) $ (0.21)
Discontinued Operations $ (0.04) $ -
-------- --------
$ (0.37) $ (0.21)
======== ========
Shares used in the per share
calculation:
Basic 36,565 36,565
======== ========
Diluted 36,565 36,565
======== ========
Asyst Technologies Inc. Bookings and Billings --- POST SAB 101
Continuing Operations Only - Unaudited - $ US Millions
Q2 FY03 Q1 FY03
Quarter ended Quarter ended
9/30/02 6/30/02
Net Bookings by Region
North America 18.90 38% 23.06 30%
Japan 11.54 23% 13.95 18%
Taiwan 4.88 10% 20.86 27%
Other APAC 10.58 21% 15.57 20%
Europe 4.29 9% 3.97 5%
------------ ------------
TOTAL 50.20 100% 77.41 100%
============ ============
Billings by Region
North America 25.98 36% 22.15 43%
Japan 12.10 17% 7.70 15%
Taiwan 18.08 25% 11.00 21%
Other APAC 11.27 16% 6.19 12%
Europe 4.90 7% 4.82 9%
------------ ------------
TOTAL 72.32 100% 51.87 100%
============ ============
Net Bookings by Customer Type
OEM 30.23 60% 27.61 36%
End User 19.97 40% 49.80 64%
------------ ------------
TOTAL 50.20 100% 77.41 100%
============ ============
Billings by Customer Type
OEM 34.04 47% 20.53 40%
End User 38.28 53% 31.34 60%
------------ ------------
TOTAL 72.32 100% 51.87 100%
============ ============
Amount % of Amount % of
total total
------------ ------------
300mm Net Bookings 16.92 34% 30.36 39%
============ ============
------------ ------------
300mm Billings 24.29 34% 18.71 36%
============ ============
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