| MATTSON TECHNOLOGY,
INC. ANNOUNCES FIRST QUARTER FINANCIAL RESULTS SIX CONSECUTIVE
QUARTERS OF REVENUE GROWTH
FREMONT, Calif., April 19, 2000 -- Mattson Technology, Inc.
(Nasdaq:MTSN), a leading supplier of advanced process technology
for semiconductor manufacturing, today announced financial
results for the first quarter of 2000.
Net sales for the first quarter of 2000 were $42.6 million,
compared to $14.3 million for the first quarter of 1999,
an increase of 198 percent. The Company recorded net income
for the first quarter of $4.0 million or 21 cents per diluted
share, compared to a net loss of $2.4 million or 16 cents
per diluted share, for the first quarter of 1999. Bookings
for the first quarter of 2000 were $57.4 million as compared
to $21.2 million for the first quarter of 1999, an increase
of 171 percent. Backlog increased 140 percent to $70.9 million,
compared to $29.5 million in the first quarter of 1999.
Quarter-to-quarter net sales increased 19 percent, up from
$35.8 million for the fourth quarter of 1999. Net income
for the first quarter of $4.0 million, or 21 cents per diluted
share, represents an increase from a net income of $1.5 million,
or 8 cents per diluted share last quarter. Bookings increased
13 percent, up from $50.6 million in the fourth quarter of
1999, resulting in a book-to-bill ratio of 1.3 to 1.0.
Brad Mattson, CEO of Mattson Technology, stated, "We
continue to focus relentlessly on our programs and goals
to strengthen all aspects of our business. Our strong financial
results this quarter reflect the effectiveness of these programs
and the performance of the Mattson team." Mattson added, "With
our third consecutive quarter of record bookings, it appears
that Mattson is well positioned to benefit from the industry's
strong upturn and meet the needs of our customers worldwide."
This Press Release contains forward looking statements regarding,
among other matters, industry trends and the Company's future
financial performance. Forward looking statements address
matters which are subject to a number of risks and uncertainties.
In addition to the general risks associated with the development
of complex technology, future results of the Company will
depend on a variety of factors, including the timing of significant
orders, the ability of the Company to bring new systems to
market, the timing of new product releases by the Company's
competitors, slowdowns in the semiconductor industry, and
other competitive factors. Reference is made to the Company's
filings with the Securities and Exchange Commission for further
discussion of risks and uncertainties regarding the Company's
business.
About Mattson Technology
Mattson Technology Inc., is a leading supplier of thermal,
plasma and wet semiconductor processing equipment. The company's
products combine advanced process technology on a high productivity
platform, backed by industry-leading support. Since beginning
operations in 1989, the company's core vision has been to
help bring technology leadership and productivity gains to
semiconductor manufacturers worldwide. Headquartered in Fremont,
Calif., the company maintains sales and support centers throughout
the United States, Europe, Asia/Pacific and Japan. For more
information, please contact Mattson Technology Inc., 2800
Bayview Drive, Fremont, Calif. 94538. Telephone: (800) MATTSON.
Fax: (510) 657-0165. Internet:www.mattson.com
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