Genus Maintains 2003 Earnings Guidance
January 06 2004 - 7:30AM
PR Newswire (US)
Genus Maintains 2003 Earnings Guidance SUNNYVALE, Calif., Jan. 6
/PRNewswire-FirstCall/ -- Genus Inc. announced today that it
maintains its earlier 2003 guidance for both revenues and bookings
with revenues expected to be in the $50 million to $60 million
range and bookings expected to be in the $45 million to $60 million
range. However, in light of several delays and push outs in orders
previously expected in the fourth quarter, 2003, full year bookings
(including purchase orders and letters of intent) are expected to
be at the lower end of the range. Genus expects to announce
financial results for the fourth quarter and full year 2003 in
early February and will provide financial guidance for 2004 at that
time. About Genus: Genus, Inc. manufactures critical deposition
processing products for the global semiconductor industry and the
data storage industry. To enable the production of intricate micro
computer chips and electronic storage devices, Genus offers its
StrataGem and LYNX series production-proven equipment for 200mm and
300mm semiconductor production, and offers thin film deposition
products for chemical vapor deposition (CVD), atomic layer
deposition (ALD), and pre-clean capabilities. Genus is at the
forefront of market and technology developments in the ALD
marketplace, which is gaining acceptance worldwide as a critical
technology for sub 0.13-micron production of computer chips and
electronic storage devices. Genus' customers include semiconductor
and data storage manufacturers located throughout the United
States, Europe and the Pacific Rim including Korea, Japan and
Taiwan. Founded in 1981, the company is headquartered in Sunnyvale,
California. For additional information visit Genus' web site at
http://www.genus.com/. NOTE: LYNX2(R) and LYNX3(TM) are trademarks
of Genus, Inc. DATASOURCE: Genus, Inc. CONTACT: media, Trine Pierik
of Positio Public Relations, Inc., +1-408-453-2400, or , for Genus
Inc.; or Shum Mukherjee of Genus, Inc., +1-408-747-7140, or Web
site: http://www.genus.com/
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