Printer Friendly

GENERAL SIGNAL AGREES TO SALE OF ULTRATECH STEPPER

 STAMFORD, Conn., Jan. 18 /PRNewswire/ -- General Signal (NYSE: GSX) announced today that it has signed a letter of intent to sell its Ultratech Stepper unit to the company's management, led by Arthur W. Zafiropoulo, 54, president of Ultratech Stepper. Terms of the agreement were not disclosed.
 Based in Santa Clara, Calif., Ultratech Stepper manufactures photo lithography systems for the worldwide semiconductor industry. It has been operated by General Signal as a divested operation since 1991. This announcement follows General Signal's recent decision to divest all of its semiconductor equipment operations, which was announced Jan. 14, 1993.
 General Signal Corporation, with 1991 sales of $1.6 billion, is a leading manufacturer of equipment and instruments for the process control, electrical, and industrial technology industries.
 -0- 1/18/93
 /CONTACT: Nino J. Fernandez, vice president-investor relations of General Signal, 203-329-4320/
 (GSX)


CO: General Signal Corp. ST: Connecticut, California IN: CPR SU: TNM

CK -- NY027 -- 5822 01/18/93 10:33 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jan 18, 1993
Words:159
Previous Article:WABASH NATIONAL CORPORATION ANNOUNCES SIGNIFICANT INCREASE IN FOURTH QUARTER SALES AND EARNINGS
Next Article:CHECKPOINT SYSTEMS, INC. INTRODUCES WIDE AISLE DETECTION FOR COST-CONSCIOUS APPAREL RETAILERS
Topics:


Related Articles
GENERAL SIGNAL COMPLETES SALE OF ULTRATECH STEPPER UNIT
GENERAL SIGNAL ANNOUNCES PLANS TO OFFER GCA'S BUSINESS SEGMENTS FOR SALE
GENERAL SIGNAL TO SELL DRYTEK TO LAM RESEARCH CORP.
Ultratech Extends Leading Role in 300 mm Bump Arena With Follow-On Orders From A Major U.S. Microprocessor Manufacturer.
Hewlett-Packard Orders Ultratech Stepper's 1600DSA Stepper for Advanced Inkjet Applications.
HP ORDERS ULTRATECH STEPPER'S 1600DSA STEPPER FOR ADVANCED INKJET APPS.
Ultratech Stepper Wins Editors' Choice Best Product Award From Semiconductor International for Its 1600DSA Stepper.
Ultratech's Lithography Stepper Reliability Helps Analog Devices Reach 100 Millionth MEMS Sensor Milestone.
Ultratech Stepper Announces Delivery of Two Alpha Tools; Laser Spike Anneal Tool Delivery Helps Cement Ultratech's Technology Leadership Position.
Taiwan's Largest IC Foundry Selects Ultratech's Saturn Spectrum 300 Bump Stepper for Advanced 300 mm Applications.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters