Company to Present at Eighth Annual Needham Growth Conference
KALISPELL, Mont., Jan. 10 /PRNewswire-FirstCall/ -- Semitool, Inc.
(Nasdaq: SMTL), a leading manufacturer of wafer processing equipment for the
semiconductor industry, today announced it achieved $65.5 million in bookings
during its first fiscal quarter ended December 31, 2005. Bookings were up 56%
versus the $42.0 million reported in the first quarter last year, and exceeded
the most recent quarter's bookings of $65.0 million, which represented the
company's strongest quarterly net bookings performance in five years. The
company will present first quarter consolidated financial results in its first
quarter earnings release, which will be issued after the market closes on
January 26, 2006.
Management will discuss its first quarter bookings performance during a
presentation at the Eighth Annual Needham Growth Conference in New York City.
The presentation will begin at 11 a.m. Eastern on January 11, 2006. A live
webcast of the presentation will be available on Semitool's website, located
at http://www.semitool.com. A replay of the webcast will be available for 90 days.
About Semitool, Inc.
Semitool designs, manufactures and supports highly engineered,
multi-chamber single-wafer and batch wet chemical processing equipment used in
the fabrication of semiconductor devices. The company's primary suites of
equipment include electrochemical deposition systems for electroplating
copper, gold, solder and other metals; surface preparation systems for
cleaning, stripping and etching silicon wafers; and wafer transport container
cleaning systems. The company's equipment is used in semiconductor
fabrication front-end and back-end processes, including wafer-level packaging.
Headquartered in Kalispell, Montana, Semitool maintains sales and support
centers in the United States, Europe and Asia. The company's stock trades on
the Nasdaq National Market under the symbol SMTL. For more information, please
visit the company's website at http://www.semitool.com.
Safe Harbor Statement
This press release states that the Company's earnings results will be
announced on January 26, 2006, at which time the bookings information
contained herein will be supplemented with other consolidated financial
results for the first quarter of fiscal year 2006, including revenues, gross
margins, net income, net income per share, deferred revenue, shipping and
total revenue backlog and cash position. In addition, guidance will be
provided on estimated financial results for the second quarter of fiscal year
2006, including revenue and earnings per share. Bookings information is not a
firm indication of revenue and other financial performance in any future
period. The current bookings information is subject to risks and
uncertainties that are discussed in our filings with the U.S. Securities and
Exchange Commission, including our Annual Report on Form 10-K for the fiscal
year ended September 30, 2005. Many factors can adversely affect future
financial performance, including cancellations and push-backs, unanticipated
manufacturing and delivery considerations, customers' on-site acceptance of
our products, unanticipated costs, as well as a number of other risk factors
described in our Annual Report on Form 10-K. Our business in general is
subject to risks that can cause actual results to differ materially from those
anticipated in our forward-looking statements, including, without limitation,
demand being adversely affected by the cyclicality in the semiconductor
industry, delays in acceptance and payment for shipped tools, the company's
ability to timely deliver and support its products, technological changes that
affect our ability to compete, the risks associated with competing on a global
basis and possible volatility in key markets such as Asia. We assume no
obligation to update forward-looking statements that become untrue because of
subsequent events.
SOURCE Semitool, Inc.
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Related links:
http://www.semitool.com
CONTACT:
Larry Viano, CFO and Vice President of
Semitool, Inc., +1-406-752-2107; or Geoff High of Pfeiffer High
Investor Relations, Inc., +1-303-393-7044, for Semitool, Inc.
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