Nanometrics says sales will fall by 20 percent
Chip-equipment maker Nanometrics Inc. announced that it expects to report lower-than-anticipated revenues for its second quarter ended June 30.
Nanometrics' previous guidance was for revenues to be flat to down 10 percent. The company now expects revenues for the quarter to be down as much as 20 percent.
The decrease in revenue over previous quarters is a result of the general slowdown in the industry, which results in longer acceptances and delays in shipments, said John Heaton, CEO of Nanometrics (Milpitas, Calif.).
It's been a tough period for the company. Semiconductor inspection and metrology company Rudolph Technologies Inc. recently signed an agreement to acquire inspection company August Technology Corp. The agreement comes after months of competition for August's hand with Nanometrics Inc. and KLA-Tencor Corp. (see June 28 story).
And it's not as bad as the last downturn, but the semiconductor-equipment market is headed towards a slow and painful down cycle for the second half of 2005. Chip makers are still digesting the plethora of fab tools they procured in the last up cycle and are hesitate to make a new round of capacity buys until business conditions improve (see July 1 story).
- EE Times
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