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
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 www.nova.co.il.
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: firstname.lastname@example.org E-mail: Ehud.Helft@galir.com
SOURCE Nova Measuring Instruments Ltd.