Genus (MM) (GGNS) News

GGNS moving today - this must be why:

SANTA CLARA, Calif.--Intel Corp. is reportedly ordering and installing its first chip-equipment for the 65-nm node, in a massive procurement effort initially worth about $500-to-$700 million. Over time, Intel's 65-nm fab-tool procurement bonanza could reach into the billions of dollars.

The initial chip-equipment winners for Intel's 65-nm processor business reportedly include Applied, ASMI, ASML, Genus, Nikon, Novellus, among others, according to analysts and industry sources. A spokesman for Intel declined to comment, saying that the company does not discuss its equipment vendors.

Sources, however, indicated that ASML Holding N.V. and Nikon Corp. each won a piece of the 65-nm lithography business in terms of processing Intel's bread-and-butter MPU lines. And in a huge upset, Novellus Systems Inc. reportedly beat Applied Materials Inc. for a hotly-contested copper barrier/seed physical-vapor deposition (PVD) tool order at Intel worth about $125 million, according to industry sources.

In another surprise, Intel is reportedly looking to deploy atomic layer deposition (ALD) at the 65-nm node, by using a tool that combines intellectual property from two rivals--ASM International N.V. and Genus Inc., analysts said.

Intel is also evaluating laser thermal processing (LTP) technology from Ultratech Inc. for the 65-nm node, they added.

The chip giant has made its final decision on some tools for the 65-nm, while other equipment selections are still up in the air, said Cristina Osmena, a semiconductor equipment analyst for Needham & Co., an investment banking firm in New York. "I think (Intel's 65-nm procurement) has been an ongoing process for some time," Osmena said. "I think they are still in the process of selecting tools."

Analysts also pointed out that the Santa Clara-based chip is racing against other chip makers to deploy its 65-nm technology, which is slated to move into production in 2005--if not earlier.

10K is out - looks pretty good in my opinion. Losses are way down, significant increase in revenues, cash position is way up, significant increase in the number of customers buying their products.

That is what I was referring to when I said I was watching the nano sector closely and was long in GGNS and TGAL - both nanotech stocks. Was also in ACCL (formerly PCOP), sold at $19.70, looks like I should have held.

Is GGNS a nanotech stock

I agree - I took a position yesterday at $3.35 and will consider adding more if it continues to pull back. I'm watching the nano sector pretty closely, but right now GGNS and TGAL are my only longs.

Genus is sitting where it is because Elder gave a less than enthusiastic forward guidance of where he, the CEO, thought Genus might be heading in the near future...not very far. It's been suggested he would be better off sticking to what he does best and hire a PR firm. I've been in GGNS for years and think we are at a good level for accumulating. Which I have been doing. I am more uncertain about the market itself than GGNS.