Cohu To Announce Second Quarter 2005 Results; Thermal IC Test Handler Demand Remains Strong; UAE Contract Revenue Expected to Be Recognized in Q3.POWAY, Calif. -- Cohu, 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 :COHU) will release results for the Second Quarter 2005 on Wednesday, July 20, 2005, following the close of markets, at 1:00 p.m. Pacific Time/4:00 p.m. Eastern Time. A conference call to discuss Second Quarter 2005 results, along with management's outlook, will follow at 2:00 p.m. Pacific Time/5:00 p.m. Eastern Time, Wednesday, July 20, 2005. The call will be broadcast simultaneously over the Internet. Interested investors should access the webcast at http://www.cohu.com and click on "Investor Information" at least five minutes before the call begins. The replay of the webcast will be available until October 20, 2005. A replay will be available for 24 hours Adv. 1. for 24 hours - without stopping; "she worked around the clock" around the clock, round the clock via phone after the completion of the call. The replay number (Toll Free) in the U.S is 1-877-660-6853 and (201) 612-7415 (International). The account number is 286. The Conference ID number is 159132. James A. Donahue, President and Chief Executive Officer, stated, "According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. data reported by SEMI, orders and book-to-bill ratios Book-to-Bill Ratio The technology industry's demand-to-supply ratio for orders on a "firm's book" to number of orders filled. Notes: This ratio tells whether the company has more orders than it can deliver (if greater than 1), has the same amount of orders that it can for the semiconductor test and assembly industry improved in April and May. Orders for our thermal test handlers remain strong and we've seen an increase in demand for general purpose pick and place systems." Donahue commented further, "We had previously reported our expectation that revenue from our $8.5 million contract with the United Arab Emirates United Arab Emirates, federation of sheikhdoms (2005 est. pop. 2,563,000), c.30,000 sq mi (77,700 sq km), SE Arabia, on the Persian Gulf and the Gulf of Oman. Armed Forces would be recognized in the second quarter. We now expect this revenue to be recognized in the third quarter. Our equipment is performing well and we remain optimistic op·ti·mist n. 1. One who usually expects a favorable outcome. 2. A believer in philosophical optimism. op about additional opportunities for this technology." Certain matters discussed in this release, including statements concerning expectations of industry conditions, Cohu's 2005 operations and its contract with the United Arab Emirates, are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that are subject to risks and uncertainties that could cause actual results to differ materially from those projected or forecasted. Such risks and uncertainties include, but are not limited to, the concentration of our revenues in a limited number of customers; intense competition in the semiconductor test handler industry; inventory write-offs; failure to obtain customer acceptance and recognize revenue; the cyclical and unpredictable nature of capital expenditures by semiconductor manufacturers; Cohu's ability to convert new products under development into production on a timely basis, support product development and meet customer delivery and acceptance requirements for next generation equipment; difficulties in integrating acquisitions and new technologies and other risks addressed in Cohu's filings with the Securities and Exchange Commission including the most recently filed 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. and Form 10-Q Form 10-Q See 10-Q. . Cohu assumes no obligation to update the information in this release. Cohu is a leading supplier of test handling solutions used by the global semiconductor industry as well as a supplier of closed circuit television, metal detection and microwave communications equipment. For press releases and other information of interest to investors, please visit Cohu's website at www.cohu.com. |
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