Key Developments For Ultratech Inc
Ultratech Inc (UTEK.O) (Consolidated Issue listed on NASDAQ Global Market)
Ultratech, Inc. Receives Follow On Order For TSV Applications
Ultratech, Inc. announced that it has received a follow-on order for its AP200 lithography system, which features an dual-side alignment (DSA) system for through-silicon via (TSV) applications.
Ultratech, Inc. To Open The NASDAQ Stock Market On October 21
Ultratech, Inc. announced that its Chairman and Chief Executive Officer, Arthur W. Zafiropoulo, will open the NASDAQ stock market on October 21, 2009. Zafiropoulo will preside over the opening bell at 9:30 a.m. EDT at the NASDAQ MarketSite located at 4 Times Square in New York City.
Ultratech, Inc. Comments On Q4 2009 Guidance; Issues H2 2009 Revenue Guidance Above Analysts' Estimates-Conference Call
Ultratech, Inc. announced that it is expecting to see sequential growth in both revenue and profits in the fourth quarter of 2009 compared to the third quarter of 2009. Overall, the Company anticipate revenue growth in the second half of 2009 to be about 10% to 15% higher than the first half of 2009. The Company reported revenue of $25.66 million for the first quarter of 2009, revenue of $18.60 million for the second quarter of 2009 and revenue of $24.94 million and net profit of $1.04 million for the third quarter of 2009. According to Reuters Estimates, analysts were expecting the Company to report revenue of $20.05 million in the third quarter of 2009 and net profit of $1.96 million and revenue of $25.75 million in the fourth quarter of 2009.
Ultratech, Inc. To Cut Jobs-Reuters
Reuters reported that, Ultratech, Inc. said that it would cut 9% of its workforce.
Ultratech, Inc. Issues Q1 2009 Revenue Guidance; Comments On Q1 2009 Net Profit Guidance; FY 2009 EPS Guidance In Line With Analysts' Estimates-Conference Call
Ultratech, Inc. announced that for first quarter of 2009, it expects revenue could be down sequentially by about 15% to 25%. Given the expected product mix gross margins should improve slightly compared to the fourth quarter of 2008. The Company anticipate being slightly profitable. For Fiscal 2009, It expects EPS to be in the range of $0.30 to $0.40. The Company reported revenue of $34.45 million in fourth quarter of 2008. According to Reuters Estimates, analysts are expecting the Company to report net profit of $1.14 million, revenue of $27.25 million in first quarter of 2009; EPS of $0.32 for fiscal 2009.
