SAN DIEGO, Sept. 14 /PRNewswire-FirstCall/ -- Cymer, Inc. (Nasdaq: CYMI), the world's leading supplier of light sources used by chipmakers to create advanced semiconductor chips, today announced that the company now anticipates revenue for the third quarter of 2009 to be up approximately 30 percent compared to revenue of $62 million in the second quarter of 2009. Demand for new light sources has increased and Installed Base Products revenue has continued to rise as business conditions in the lithography sector have strengthened.
The company's previous revenue guidance for the third quarter, of an approximate 15 percent increase compared to the revenue reported for the second quarter, was issued in conjunction with the company's second quarter of 2009 earnings announcement.
The company's third quarter will end on September 30, 2009. The company is planning to discuss its third quarter results and provide guidance for the fourth quarter of 2009 in a press release and on a conference call on October 20, 2009.
Forward Looking Statements
Statements in this press release that are not strictly historical in nature are forward-looking statements. These statements include, but are not limited to statements regarding the company's anticipated revenue for the third quarter of 2009. These statements are predictions based on current information and expectations and involve a number of risks and uncertainties. Actual events or results may differ materially from those projected in any of such statements due to various factors, including but not limited to: the demand for semiconductors in general, and, in particular, for leading-edge devices with smaller geometries; the timing of customer orders, shipments and acceptances; delays or cancellations by customers of their orders; the performance and market acceptance of the company's new products or technologies; new and enhanced product offerings by competitors; the rate at which semiconductor manufacturers adopt new technologies and purchase and take delivery of photolithography tools from the company's customers; the company's ability to secure adequate supplies of critical components for its advanced products; the company's ability to manage its foreign currency exposure; the performance and conditions in the United States and world financial markets; the policies and actions of the United States and other governments; and general economic conditions. For a discussion of these and other factors which may cause our actual events or results to differ from those projected, please refer to the company's most recent annual report on Form 10-K and quarterly reports on Form 10-Q, as well as other subsequent filings with the Securities and Exchange Commission (SEC). You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement, and the company undertakes no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date of this press release.
Cymer, Inc. (Nasdaq: CYMI) is the market leader in developing light sources, used by chipmakers worldwide to pattern advanced semiconductor chips. Cymer's light sources have been widely adopted by the world's top chipmakers and the company's installed base comprises more than 3,300 systems. Continuing its legacy of leadership, Cymer is currently pioneering the industry's transition to extreme ultraviolet (EUV) lithography, the next viable step on the technology roadmap for the creation of smaller, faster chips. The company is headquartered in San Diego, Calif., and supports its customers from numerous offices around the globe. Cymer maintains a Web site to which it regularly posts press releases, SEC filings, and additional information about Cymer. Interested persons can also subscribe to automated e-mail alerts or RSS feeds. Please visit www.cymer.com.
SOURCE Cymer, Inc.
Investor Relations, Paul Bowman, Interim CFO and V.P., Investor Relations of Cymer, Inc., +1-858-385-5312, email@example.com; or Media, Kelly Hamor of Formula, +1-619-234-0345, Hamor@formulapr.com, for Cymer, Inc.