Therma-Wave Receives Going Concern Opinion.FREMONT, Calif. -- Therma-Wave, Inc., (Nasdaq:TWAV) a worldwide leader in development, manufacture and sale of process control metrology metrology Science of measurement. Measuring a quantity means establishing its ratio to another fixed quantity of the same kind, known as the unit of that kind of quantity. systems used in the manufacture of semiconductors, in compliance with NASDAQ Marketplace Rule 4350(b)(1)(B), today announced that the Company's independent registered public accounting firm included a going concern explanatory paragraph in its report on Therma-Wave's consolidated financial statements Consolidated Financial Statements The combined financial statements of a parent company and its subsidiaries. Notes: Because consolidated financial statements present an aggregated look at the financial position of a parent and its subsidiaries, they enable you to gauge as of and for the fiscal year ended April 2, 2006. The qualification was included as a result of the Company's recurring re·cur intr.v. re·curred, re·cur·ring, re·curs 1. To happen, come up, or show up again or repeatedly. 2. To return to one's attention or memory. 3. To return in thought or discourse. net losses and negative cash flows. For more information regarding this matter, please see Therma-Wave'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. filed with the Securities and Exchange Commission on June 14, 2006. About Therma-Wave, Inc. Since 1982, Therma-Wave Inc., has been revolutionizing process control metrology systems through innovative proprietary products and technologies. The company is a worldwide leader in the development, manufacture, marketing and service of process control metrology systems used in the manufacture of semiconductors. Therma-Wave currently offers leading-edge products to the semiconductor manufacturing industry for the measurement of transparent and semi-transparent thin films; for the measurement of critical dimensions and profile of IC features and for the monitoring of ion implantation Ion implantation A process that utilizes accelerated ions to penetrate a solid surface. The implanted ions can be used to modify the surface composition, structure, or property of the solid material. . For further information about Therma-Wave, Inc., access the web site at: www.thermawave.com |
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