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July 9, 2014
07:27 EDTRTEC, MKSI, FORM, NANO, IVAC, COHU, MTSN, INTT, CCMP, CAMT, ACLS, BRKS, AEHR6th Annual CEO Investor Summit to be held in San Francisco on July 9
This Summit is hosted by management from the participating companies and features small group meetings.
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February 4, 2016
07:09 EDTFORMFormFactor to acquire Cascade Microtech for $16.00 per share
FormFactor (FORM) and Cascade Microtech (CSCD) announced that they have entered into a definitive agreement under which FormFactor will acquire all outstanding Cascade shares in a cash and stock transaction. For each share of Cascade stock held, Cascade stockholders will be entitled to receive $16.00 in cash and 0.6534 of a share of FormFactor common stock, subject to the terms of the merger agreement. The transaction values Cascade at $21.13 per share, or $352M in equity value based on the closing price of FormFactor's stock on February 3, of $7.85. The 2015 revenues of the combined company on a pro forma basis would be over $426M. This transaction is expected to be immediately accretive to FormFactor's earnings per share. The combined company expects to realize $10M-$12M in annualized cost synergies within 18-24 months of closing, and to accelerate the tax benefit of monetizing FormFactor's approximately $300 million in net operating losses. Under the terms of the definitive agreement, FormFactor will acquire Cascade for approximately $352M in aggregate consideration, consisting of $270M in cash and approximately 10.4M shares of FormFactor common stock, valued at $7.85 per share as of February 3. At closing, Cascade common stockholders are expected to own approximately 15% of the combined company. FormFactor intends to fund the cash consideration for the transaction using approximately $120M of cash on hand and approximately $150M in debt financing. The transaction is not subject to a financing condition. The transaction was unanimously approved by the boards of both companies. The transaction is expected to close in mid-2016.
07:07 EDTFORMFormFactor to acquire Cascade Microtech for $16.00 per share
February 3, 2016
17:51 EDTRTEC, CAMTRudolph Technologies announces win in patent suit against Camtek
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16:09 EDTIVACIntevac reports Q4 EPS (12c), consensus (22c)
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16:04 EDTBRKSBrooks Automation sees Q2 adjusted EPS 3c-5c, consensus 4c
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16:03 EDTBRKSBrooks Automation reports Q1 adjusted EPS 2c, consensus (1c)
Reports Q1 revenue $120M, consensus $113.53M.
15:55 EDTCAMT, RTECCamtek announces final ruling in patent litigation case
Camtek (CAMT) reported that the United States Court of Appeals for the Federal Circuit entered its judgment regarding Camtek's appeal in the patent infringement case of Rudolph Technologies (RTEC) against Camtek regarding the Falcon systems. The Court of Appeals reaffirmed the Minnesota Court's Ruling in Rudolph Technologies' favor, and reinstated the damages originally awarded which total, including interest, approximately $14.6M, as well as the injunction in connection with sales of the Falcon systems in the United States until the expiration of plaintiff's patent. Camtek shall record a reserve for the awarded amount in its financial statements for year 2015.
February 2, 2016
16:12 EDTNANONanometrics sees Q1 non-GAAP EPS 1c-9c, consensus 2c
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16:09 EDTNANONanometrics reports Q4 non-GAAP EPS 0c, consensus (5c)
Reports Q4 revenue $42.68M, consensus $40.98M.
16:08 EDTACLSAxcelis sees Q1 EPS 0c-1c, consensus 0c
Sees Q1 revenue in the mid $60M range, consensus $65.84M.
16:07 EDTACLSAxcelis reports Q4 EPS 1c, consensus 0c
Reports Q4 revenue $70.5M, consensus $68.54M.
February 1, 2016
16:54 EDTRTECRudolph Technologies sees Q1 EPS 15c-20c, consensus 16c
Sees Q1 revenue $51M-$55M, consensus $51.36M. Information reported during Q4 earnings conference call.
16:49 EDTRTECRudolph Technologies sees Q1 gross margin 53%-54%
16:42 EDTRTECRudolph Technologies 'pleased' with progress of lithography business
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16:38 EDTRTECRudolph Technologies sees increased growth in MEMS market
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16:06 EDTRTECRudolph Technologies reports Q4 EPS 16c, consensus 15c
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06:32 EDTRTECRudolph Technologies receives order for JetStep Lithography System
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January 28, 2016
06:20 EDTCCMPCabot Microelectronics reports Q1 non-GAAP EPS 56c, consensus 47c
Reports Q1 revenue $100.4M, consensus $102.20M.
January 27, 2016
16:40 EDTMKSIMKS Instruments sees Q1 adjusted EPS 25c-38c, consensus 37c
Sees Q1 revenue $165M-$185M, consensus $174.93M.
16:38 EDTMKSIMKS Instruments reports Q4 adjusted EPS 34c, consensus 27c
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