schon länger drin?
Du stehst doch auf den Laden. Gestern wurde der Vertrag unter Dach und Fach gebracht.
Gruss E.
Veeco Instruments and FEI Company Announce Mutual Termination Of Merger Agreement
WOODBURY, N.Y. and HILLSBORO, Ore., Jan 9, 2003 /PRNewswire-FirstCall via
COMTEX/ -- Veeco Instruments Inc. (Nasdaq: VECO) and FEI Company (Nasdaq: FEIC)
jointly announced today that they have mutually terminated the merger agreement
that they entered into on July 11, 2002.
Veeco and FEI have determined not to proceed with the merger due to the
difficult overall market and economic conditions, and the uncertain timing of an
industry recovery. Neither party will pay the other any termination fees or
expenses.
"Veeco will continue to be a leading supplier of Metrology and Process Equipment
serving long-term growth opportunities in our core markets -- semiconductor,
data storage, wireless and scientific research," commented Ed Braun, Chairman,
CEO and President of Veeco Instruments Inc. "We will focus on maximizing our
2003 performance." Veeco expects to meet or exceed the guidance for its fourth
quarter provided on October 28, 2002.
FEI expects to meet or exceed the guidance for its fourth quarter provided in
its October 28, 2002 earnings press release. "FEI will continue to build on its
strong leadership in 3D metrology for structural process management and
nanofabrication," said FEI Chairman and CEO, Vahe Sarkissian. "Creating
value-added solutions for our customers in key nanotechnology markets has
provided FEI growth in upturns and buoyancy in downturns. We remain focused on
continuing to build our business in 2003 and beyond," added Sarkissian.
Veeco Instruments Inc. is a worldwide leader in metrology tools and process
equipment for the semiconductor, data storage, telecommunications/wireless, and
scientific research markets. Veeco's manufacturing and engineering facilities
are located in New York, California, Colorado, Arizona and Minnesota. Global
sales and service offices are located throughout the United States, Europe,
Japan and Asia Pacific. Additional information on Veeco can be found at
www.veeco.com .
FEI is the 3D innovator and leading supplier of Structural Process
Management(TM) solutions to semiconductor, data storage, structural biology and
industrial companies. FEI's industry leading Dual-Beam(TM) and single column
focused ion and electron beam products allow advanced three-dimensional
metrology, device editing, trimming, and structural analysis for management of
sub-micron structures. Headquartered in Hillsboro, Oregon, FEI has additional
development and manufacturing operations located in Peabody, Massachusetts;
Sunnyvale, California; Eindhoven, The Netherlands; and Brno, Czech Republic.
Additional information on FEI can be found at www.feicompany.com .
This news release contains forward-looking statements that include statements
regarding the companies' respective focus, commitments and goals in the future,
their continued success in their markets and success in upturns and downturns,
and their expected financial and operating results for the fourth quarter of
2002. Factors that could materially affect these forward-looking statements
include, but are not limited to, the cyclical nature of the
telecommunications/wireless, data storage, semiconductor and research markets
and downturns or shifts in these markets; lower than expected customer orders
and cancelled customer orders; increased competition and new product offerings
from competitors; failure of products to find acceptance with customers;
fluctuations in interest and exchange rates (including changes in relevant
foreign currency exchange rates between time of sale and time of payment);
changes in trade policies and tariff regulations; general economic conditions;
and unexpected expenses or year-end accounting adjustments or entries. Please
also refer to each of Veeco's and FEI's respective Form 10-K, Forms 10-Q and
other filings made by Veeco and FEI with the U.S. Securities and Exchange
Commission for additional information on these factors and other factors that
could cause actual results to differ materially from the forward-looking
statements.
SOURCE FEI Company
Du stehst doch auf den Laden. Gestern wurde der Vertrag unter Dach und Fach gebracht.
Gruss E.
Veeco Instruments and FEI Company Announce Mutual Termination Of Merger Agreement
WOODBURY, N.Y. and HILLSBORO, Ore., Jan 9, 2003 /PRNewswire-FirstCall via
COMTEX/ -- Veeco Instruments Inc. (Nasdaq: VECO) and FEI Company (Nasdaq: FEIC)
jointly announced today that they have mutually terminated the merger agreement
that they entered into on July 11, 2002.
Veeco and FEI have determined not to proceed with the merger due to the
difficult overall market and economic conditions, and the uncertain timing of an
industry recovery. Neither party will pay the other any termination fees or
expenses.
"Veeco will continue to be a leading supplier of Metrology and Process Equipment
serving long-term growth opportunities in our core markets -- semiconductor,
data storage, wireless and scientific research," commented Ed Braun, Chairman,
CEO and President of Veeco Instruments Inc. "We will focus on maximizing our
2003 performance." Veeco expects to meet or exceed the guidance for its fourth
quarter provided on October 28, 2002.
FEI expects to meet or exceed the guidance for its fourth quarter provided in
its October 28, 2002 earnings press release. "FEI will continue to build on its
strong leadership in 3D metrology for structural process management and
nanofabrication," said FEI Chairman and CEO, Vahe Sarkissian. "Creating
value-added solutions for our customers in key nanotechnology markets has
provided FEI growth in upturns and buoyancy in downturns. We remain focused on
continuing to build our business in 2003 and beyond," added Sarkissian.
Veeco Instruments Inc. is a worldwide leader in metrology tools and process
equipment for the semiconductor, data storage, telecommunications/wireless, and
scientific research markets. Veeco's manufacturing and engineering facilities
are located in New York, California, Colorado, Arizona and Minnesota. Global
sales and service offices are located throughout the United States, Europe,
Japan and Asia Pacific. Additional information on Veeco can be found at
www.veeco.com .
FEI is the 3D innovator and leading supplier of Structural Process
Management(TM) solutions to semiconductor, data storage, structural biology and
industrial companies. FEI's industry leading Dual-Beam(TM) and single column
focused ion and electron beam products allow advanced three-dimensional
metrology, device editing, trimming, and structural analysis for management of
sub-micron structures. Headquartered in Hillsboro, Oregon, FEI has additional
development and manufacturing operations located in Peabody, Massachusetts;
Sunnyvale, California; Eindhoven, The Netherlands; and Brno, Czech Republic.
Additional information on FEI can be found at www.feicompany.com .
This news release contains forward-looking statements that include statements
regarding the companies' respective focus, commitments and goals in the future,
their continued success in their markets and success in upturns and downturns,
and their expected financial and operating results for the fourth quarter of
2002. Factors that could materially affect these forward-looking statements
include, but are not limited to, the cyclical nature of the
telecommunications/wireless, data storage, semiconductor and research markets
and downturns or shifts in these markets; lower than expected customer orders
and cancelled customer orders; increased competition and new product offerings
from competitors; failure of products to find acceptance with customers;
fluctuations in interest and exchange rates (including changes in relevant
foreign currency exchange rates between time of sale and time of payment);
changes in trade policies and tariff regulations; general economic conditions;
and unexpected expenses or year-end accounting adjustments or entries. Please
also refer to each of Veeco's and FEI's respective Form 10-K, Forms 10-Q and
other filings made by Veeco and FEI with the U.S. Securities and Exchange
Commission for additional information on these factors and other factors that
could cause actual results to differ materially from the forward-looking
statements.
SOURCE FEI Company
