Etec Systems reported Tuesday revenues totaled $70 million in the quarter ended May 1, compared with $69.7 million in the same period last year. The supplier of patterning tools for chip-making said its net income decreased 7 percent to $10.7 million compared with $11.5 million in the company's third quarter last year.
"Requirements for leading-edge 0.18- and 0.25-micron mask pattern generation systems remain strong in North America, Europe, and Taiwan," said Steve Cooper, chairman, president, and CEO of Hayward, Calif.-based Etec ETEC. "In Korea and Japan, capital budgets for semiconductor manufacturers continue to be severely constrained. In Japan, we see a shift in manufacturing capacity requirements to the merchant maskmakers from the captive mask shops.
"This shift is delaying order rates in Japan, though we expect activity to pick up toward the end of calendar 1998 for shipments in the first half of calendar 1999," he added. "The Korean financial situation is unchanged, and order activity is not expected to improve in this calendar year."