Mamaroneck, NY--December 30, 1996--Semiconductor Packaging Materials Co. Inc. (Mamaroneck, NY)) announced that it expects that its fourth quarter results will be below analysts' consensus expectations and that earnings for the fourth quarter will be below prior year levels. The company said that its fourth quarter has been weak at several of its operations, including a decrease in orders for eight-inch silicon wafers which are reprocessed at its American Silicon Products Inc. (ASP) subsidiary (Providence, RI). While ASP processed more silicon wafers in the fourth quarter than in the second and third quarters, its mix consisted largely of smaller diameter wafers which yield lower revenues and profitability.
Semiconductor Packaging Materials
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