Genus (NASDAQ:GGNS)
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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/