Nova Measuring Instruments Provides 2004 First Quarter Financial Outlook

Company sees 12-14% growth over Q4/03 and more than 90% over Q1/03, and

expects to continue the positive trend of revenue growth based on a stronger


Apr 07, 2004, 01:00 ET from Nova Measuring Instruments Ltd.

    REHOVOT, Israel, April 7 /PRNewswire-FirstCall/ -- Nova Measuring
 Instruments Ltd. (Nasdaq:   NVMI) announced that revenues for the first quarter
 of 2004 will grow between 12-14% sequentially and between 90-93% compared to
 the first quarter of 2003. For the second quarter of 2004, the Company expects
 revenue growth of between 4-14% growth sequentially, based on overall trends
 in the industry and a growth in the backlog for the Company's products.
     Orders and revenues in the first quarter of 2004 were typified by the
 continuation of the 200mm retrofit trend and by a significant increase of
 sales of the copper CMP systems along with the ramp up of the new 300mm lines.
 As the Company indicated in its February 2004 conference call, it expects to
 see this significant trend of 200mm retrofits and upgrades to continue
 throughout this year along with continuation of sales of the Optical CD
 systems -- stand-alone and Integrated Metrology.
     Final results for the first quarter 2004 will be discussed during the
 company's scheduled conference call on May 13, 2004.
     Dr. Giora Dishon, President & CEO of Nova Measuring Instruments, said, "We
 are pleased that we expect to meet or exceed our plans and expectations in all
 areas. We believe this trend will continue in the current quarter and will
 include: additional 200mm upgrades and retrofits, an accelerated level of
 expanding existing 300mm lines especially in the Asia Pacific region, more
 copper/low-K CMP penetration to 90nm manufacturing and Optical CD use in
     About Nova
     Nova Measuring Instruments Ltd. (Nasdaq:   NVMI) develops, designs and
 produces integrated process control systems for the semiconductor
 manufacturing industry. Nova provides a broad range of integrated process
 control solutions that link different semiconductor processes and process
 equipment. The Company's website is
      Company Contact:                        Investor relations Contacts:
      Chai Toren, CFO and Vice President      Ehud Helft / Kenny Green
      Nova Measuring Instruments Ltd.         Gal IR International
      Tel: 972-8-938-7505                     Tel: 1-866-704-6710
      E-mail:                 E-mail:                 

SOURCE Nova Measuring Instruments Ltd.