Silicon Valley Group Anticipates Higher Q1 Fiscal 2000 Earnings.Business/Technology Editors SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif.--(BUSINESS WIRE)--Jan. 10, 2000 Silicon Valley Group, 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 :SVGI SVGI Silicon Valley Group, Inc. (stock symbol) SVGI Sequential Vapour Gas Injection ) today reported that it anticipates that earnings for the quarter ended December 31, 1999 will be higher than expected. The Company now anticipates that earnings for the quarter ended December 31, 1999 will be in excess of $.15 per share. In the previous quarter ended September 30, 1999, the Company returned to profitability and recorded earnings of $.05 per share. The Company has seen continued strength in its bookings and believes that bookings will approximate $200,000,000 for the December quarter. In addition, the Company previously reported it had received an order for approximately $100,000,000 for its advanced 193 nanometer, high numerical aperture The measurement of the acceptance angle of an optical fiber, which is the maximum angle at which the core of the fiber will take in light that will be contained within the core. Taken from the fiber core axis (center of core), the measurement is the square root of the squared refractive lithography equipment, substantially all of which will be shipped outside a one year period and not qualify for inclusion in the current quarter's reportable bookings. "The fundamentals in our industry continue to show signs of improvement and the Company is responding accordingly," said Papken Der Torossian, Chairman 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. . "The robustness of the cycle has provided the Company with increased levels of business for not only expansion products, but equally significant is that the Company continues to be recognized as an industry leader in advanced lithography as evidenced by the large order received for our 193 lithography product." The Company plans to conduct a conference call on Monday, January 10, 2000 at 7:00 AM Pacific Standard Time to preliminarily discuss the quarter's results. All those interested in attending may access the call by dialing 888-391-0105 (Domestic) / 415-904-2433 (Overseas) and using the following conference reservation number: 14106556. Forward-looking Statements Disclaimer: The matters discussed in this news release, and in particular those of the Company's Chairman and CEO about the growth in the Company's industry and the Company's ability to respond accordingly, include forward looking statements that involve risks and uncertainties including but not limited to economic conditions, industry conditions, product demand, competitive products, currency competitiveness, trade environment, and other risks discussed more fully in filings by the Company with the Securities and Exchange Commission. Reference is made to the Company's most recent Forms 10K and 10Q, which detail such risk factors. About Silicon Valley Group, Inc.: SVG (Scalable Vector Graphics) A vector graphics format from the W3C for the Web that is expressed in XML. Introduced in 2001, SVG was designed to become the standard vector format just as GIFs and JPEGs have become the standard bitmaps for the Web. is a leading manufacturer of automated wafer processing equipment for the worldwide semiconductor industry. The Company designs, manufactures, and markets technically sophisticated equipment used in the primary states of semiconductor manufacturing. Its products include photoresist processing equipment; oxidation, diffusion and low-pressure chemical vapor deposition Vapor deposition Production of a film of material often on a heated surface and in a vacuum. Vapor deposition technology is used in a large variety of applications. processing systems; atmospheric pressure atmospheric pressure or barometric pressure Force per unit area exerted by the air above the surface of the Earth. Standard sea-level pressure, by definition, equals 1 atmosphere (atm), or 29.92 in. (760 mm) of mercury, 14.70 lbs per square in., or 101. chemical vapor deposition systems; photolithography exposure tools that use step-and-scan technology; and precision optical components and systems. Silicon Valley Group is listed on the Nasdaq Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. under the symbol SVGI. The Company's World Wide Web address is: http://www.svg.com. |
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