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Lambda Physik quits litho laser market |
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Feb 04, 2005 at 06:00 AM |
Coherent, Inc. announced that its Lambda Physik subsidiary would
discontinue future product development and investments in the
semiconductor lithography market. Lambda will continue to support its
installed lithography base.
"Based upon careful analysis of market conditions, Lambda management
concluded its new 193nm LithoTex(TM) laser will not generate a
satisfactory economic return and its deployment has been cancelled",
stated John Ambroseo, Coherent's President and Chief Executive Officer.
As a result of this decision, the Company expects to take an after-tax
charge of between $3 and $6 million during the first quarter ending
January 1, 2005. These charges are primarily related to excessive and
obsolete inventories.
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