NEWPORT, Wales -- Trikon Technologies Inc. today reported a 27% sequential drop in revenues to $27.7 million in the second quarter, compared to $37.6 million in Q1 of 2001. The supplier of deposition and etch tools for wafer fabs said its sales were 12% higher in Q2 than $24.7 million in the period last year.
Trikon's net income came in at $3.8 million, including a tax charge of $1.2 million, compared to $2.8 million in the second quarter 2000.
"The dynamics of our industry have been widely reported upon and whilst order levels remain low with a book-to-bill of 0.39 to 1, our orders are up 15% sequentially on Q1," said Nigel Wheeler, president and chief executive officer of Trikon. "And more importantly, they indicate a broadening of our technological base into areas in which we can grow significant business in the future. Orders for the quarter included five plasma etch systems, two for photonics applications, one for MEMS microelectromechanical systems, one for compound, and a fifth for advanced etching on silicon."