Aviza Technology Posts Results for Third Quarter

Mon. August 11, 2008; Posted: 10:15 PM

SANTA BARBARA, Calif., Aug 11, 2008 (ASCRIBE NEWS via COMTEX) -- AVZA | Quote | Chart | News | PowerRating -- Aviza Technology, Inc., a supplier of advanced semiconductor capital equipment and process technologies for the global semiconductor industry and related markets, reported results for the third quarter of fiscal year 2008, which ended on June 27.

The company said that some of the highlights of the results included: shipments for the quarter were $34.9 million, net sales of $33.5 million were within the range of the Company's guidance of $32 million - $37 million for the quarter, and gross margin improved to 32.9 percent from the second quarter. Additionally, net loss for the quarter was $5.6 million, or ($0.26) per share. Adjusted net loss was $3.6 million, or ($0.16) per share.

"We are pleased with the direction Aviza has taken following our Company's recent restructuring," said Jerry Cutini, Aviza's president and chief executive officer. "Our improved business activity reflects our shift to focus on growth market segments with our single-wafer products, which we believe will provide a better long-term financial profile for the Company. Over 90 percent of our system bookings for the June quarter were for single-wafer products, which demonstrates the success of our strategy." Cutini concluded, "We feel confident that the new direction Aviza has taken has put the Company on a path toward improved financial performance."

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