Key Developments For ATMI, Inc.
ATMI, Inc. (ATMI.O) (Nasdaq)
ATMI, Inc. And SAFC Hitech Partnering To Co Market ProE-Vap Solid Source Vaporizer Technology To Semiconductor Markets
ATMI, Inc. and SAFC Hitech announced plans to co-market ATMI's ProE-Vap system, a solid source vaporizer designed for Atomic Layer Deposition (ALD). The ensuing marketing partnership between the two companies will cover both the semiconductor and compound semiconductor markets. A definitive agreement is expected to be signed this summer.
Novellus Systems, Inc., ATMI, Inc and Enthone Introduce Enhanced Electrochemical Deposition Process for Copper
Novellus Systems, Inc., ATMI, Inc. and Enthone Inc. introduced ViaForm Extreme Pura, a new copper deposition process and chemistry for manufacturing advanced copper interconnects at 32 nanometers (nm) and beyond. This new process technology provides a high degree of process control, enables a more robust interconnect fill capability and ensures greater device reliability.
ATMI, Inc. And Artelis SA Complete Asset Purchase Transaction
ATMI, Inc. and Artelis SA announced that ATMI has purchased from Artelis assets related to Nucleo, the single-use bioreactor, and Jet-Drive a compact single-use mixing system. The sale price was not disclosed.
ATMI, Inc. Lowers FY 2008 Guidance; Issues Q3 2008 Guidance Below Analysts' Estimates
ATMI, Inc. announced that financial results for fiscal 2008 are expected to be below the Company's previously disclosed guidance for both revenue and diluted earnings per share (EPS) of $375-$400 million and $1.25-$1.40 respectively. The Company's reduced revenue guidance is the result of a marked slowdown in demand across all of ATMI's semiconductor and flat panel display end markets, a trend that accelerated in the past month. The reductions in wafer starts in the foundry and memory segments are expected to have an adverse effect on the Company's near-term results. Furthermore, the adoption of certain new products introduced during the year has been slower than expected, and is not expected to offset the effect of reduced wafer starts. As a result, third quarter of 2008 revenue is now expected to be in the $85.0-$90.0 million range and diluted EPS in the $0.18-$0.23 range. Excluded from this third quarter of 2008 EPS estimate is an expected favorable one-time tax benefit of approximately $4.0 million (equivalent to approximately $0.13 per diluted share), as discussed in the Company's previous Form 10Q filing. According to Reuters Estimates, analysts were expecting the Company to report revenue of $380 million and EPS of $1.31 for fiscal 2008; revenue of $97 million and EPS of $0.33 for the third quarter of 2008.
ATMI, Inc. Reaffirms FY 2008 Guidance
ATMI, Inc. reaffirmed its fiscal 2008 guidance and expects earnings per share (EPS) to be between $1.25 and $1.40 and revenue between $375 and $400 million. According to Reuters Estimates, analysts were expecting the Company to report EPS of $1.30 on revenue of $377 million for fiscal 2008.
