Semitool Becomes Part of Applied Materials (SMTL, AMAT)
Semitool, Inc. (NASDAQ: SMTL) has become the perfect fit for Applied Materials, Inc. (NASDAQ: AMAT). Applied has decided to acquire the maker of multi-chamber single-wafer and batch wet chemical processing equipment used in the fabrication of semiconductor devices. The company…
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With Semitool’s earnings just last night, the company offered guidance that can be interpolated to Applied Materials. Shipments for the coming quarter are expected to range from $47 million to $50 million; and management expects to report revenue in a range of between $190 million to $210 million for fiscal-2010.
As far as how this relates to Applied Materials, analysts according to Thomson Reuters are looking for revenues of $7.18 billion for its fiscal year-end October-2010. In short, this is a bolt-on or tool chest acquisition.
JON C. OGG
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Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.
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