| MATTSON TECHNOLOGY ANNOUNCES FIRST QUARTER FINANCIAL RESULTS
FREMONT, Calif. — April 21, 1999 — Mattson Technology,
Inc. (Nasdaq:MTSN), a leading supplier of advanced process
technology for semiconductor manufacturing, today announced
financial results for the first quarter of 1999.
Net sales for the first quarter of 1999 were $14.3 million,
compared to $20.2 million for the first quarter of 1998,
a decrease of 29 percent. The Company recorded a net loss
for the first quarter of $2.4 million or 16 cents per diluted
share, compared to a net loss of $1.2 million or 9 cents
per diluted share, for the first quarter of 1998. Bookings
for the first quarter of 1999 were $21.2 million as compared
to $9.6 million for the first quarter of 1998. Backlog decreased
4.3 percent to $29.5 million, compared to $30.8 million in
the first quarter of 1998.
Quarter-to-quarter net sales increased 3%, up from $13.9
million for the fourth quarter of 1998. The net loss for
the first quarter represents a decrease from a net loss of
$ 5.1 million, or 33 cents per diluted share last quarter.
Bookings increased 44 percent, up from $14.7 million in the
fourth quarter of 1998, resulting in a book-to-bill ratio
of 1.5 to 1.0.
Brad Mattson, CEO of Mattson Technology, stated, "Our
multi-product strategy is starting to pay off with the CVD
and RTP products dominating the product mix during the last
two quarters. Our bookings for Q1 were strong and we are
seeing evidence that market conditions may be improving over
the next couple of quarters."
Mattson Technology, Inc. is a multiple product supplier
of semiconductor process equipment for photoresist strip/etch,
chemical vapor deposition, epitaxial and rapid thermal processing.
The Company’s products combine advanced process technology
on a high productivity platform, backed by industry-leading
support. Since beginning operations in 1989, the Company’s
core vision is to bring dramatic productivity gains to semiconductor
manufacturers worldwide.
This Press Release contains forward looking statements regarding,
among other matters, the Company's future financial performance.
Forward looking statements address matters which are subject
to a number of risks and uncertainties. In addition to the
general risks associated with the development of complex
technology, future results of the Company will depend on
a variety of factors, including the timing of significant
orders, the ability of the Company to bring new systems to
market, the timing of new product releases by the Company's
competitors, slowdowns in the semiconductor industry, and
other competitive factors. Reference is made to the Company's
filings with the Securities and Exchange Commission for further
discussion of risks and uncertainties regarding the Company's
business.
Mattson Technology is headquartered in Fremont, Calif. and
maintains sales and support centers throughout the United
States, Europe, Asia/Pacific and Japan. For more information,
please contact: Mattson Technology, Inc., 3550 W. Warren
Avenue, Fremont, Calif., 94538. Tel(510) 657-5900. Fax: (510)
657-0165.
Internet: www.mattson.com.
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MATTSON TECHNOLOGY, INC. INCOME
STATEMENT & BALANCE STATEMENT
About Mattson Technology
Mattson Technology Inc., is a leading supplier of thermal,
plasma and wet semiconductor processing equipment. The company's
products combine advanced process technology on a high productivity
platform, backed by industry-leading support. Since beginning
operations in 1989, the company's core vision has been to
help bring technology leadership and productivity gains to
semiconductor manufacturers worldwide. Headquartered in Fremont,
Calif., the company maintains sales and support centers throughout
the United States, Europe, Asia/Pacific and Japan. For more
information, please contact Mattson Technology Inc., 2800
Bayview Drive, Fremont, Calif. 94538. Telephone: (800) MATTSON.
Fax: (510) 657-0165. Internet:www.mattson.com
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