NEW YORK (Thomson Financial) - Shares of Semitool Inc. rose Tuesday after
the company said first-quarter bookings rose 42% to $63.8 million.
The bookings rose on orders from Asia, which the company said had increased
its overall market share and broadened its base of Asian customers.
The company's stock added 8.4% to $8.02 on the news. It earlier hit a low of
$7.32, the company's lowest price since October 2004. The stock traded on a
volume of 123,660 shares, above its 30-day average volume of 108,279 shares.
Also during the quarter, Semitool said it established a joint development
project with an unnamed foundry in Asia to develop sub-32nm technology for both
back-of-the-line and front-of-the-line cleaning processes.
Semitool will report its first-quarter results on Jan. 31 after the bell.
Ryan Vlastelica
rv/vj
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