Mattson Technology, Inc. Announces $20 Million Share Repurchase Program
April 25 2007 - 5:15PM
PR Newswire (US)
FREMONT, Calif., April 25 /PRNewswire-FirstCall/ -- Mattson
Technology, Inc. (NASDAQ:MTSN), a leading supplier of advanced
process equipment used to manufacture semiconductors, today
announced that its Board of Directors has authorized the repurchase
of up to $20 million of the Company's common stock from the public
markets or in private purchases. "This action reflects Mattson's
strong cash flow and the Board's confidence in our robust
cyclically flexible enterprise business model," stated David L.
Dutton, chief executive officer of Mattson Technology. "This has
allowed us to significantly increase revenues over the last six
quarters while still generating cash. We are also excited by the
opportunities we are actively developing to enter new markets with
products that will offer outstanding results on the wafer as well
as superior cost of ownership for our customers." Mattson expects
that the share repurchases will be effected pursuant to a plan in
conformity with Rule 10b5-1. The size and timing of the repurchases
will depend on Mattson's share price. About Mattson Technology,
Inc. Mattson Technology, Inc. is the leading supplier of dry strip
equipment and the second largest supplier of rapid thermal
processing equipment in the global semiconductor industry. The
company's strip and RTP equipment utilize innovative technology to
deliver advanced processing performance and productivity gains to
semiconductor manufacturers worldwide for the fabrication of
current- and next-generation devices. For more information, please
contact Mattson Technology, Inc., 47131 Bayside Parkway, Fremont,
Calif. 94538. Telephone: (800) MATTSON/(510) 657-5900. Fax: (510)
492-5911. Internet: http://www.mattson.com/. Mattson Technology
Contact William Turner Mattson Technology, Inc. tel +1-510-492-6241
fax +1-510-492-5963 DATASOURCE: Mattson Technology, Inc. CONTACT:
William Turner of Mattson Technology, Inc., +1-510-492-6241, or
fax, +1-510-492-5963, or Web site: http://www.mattson.com/
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