WIRELESS …Q1 orders up 25% sequentially
Wireless/Telecom sector has bottomed….Q1 orders included IBE, IBD, PVD, and MBE Systems for high frequency wireless devices, mobile cell phones, solid state lighting (back lighting) devices and optical laser applications
RFMD (Intel’s supplier) ordered 3d production MBE System
Continued growth from APAC Chinese Labs for wireless applications
Wireless Network (WiFi) transition to 5 Ghz High Frequency provides strong growth opportunity for Semiconductor Compound Material devices
We expect Veeco’s Wireless/Telecom equipment revenue to be profitable in 2003…including MBE equipment in Veeco St. Paul for III-V Compound Semiconductor and our Ion Source and Optical Coating business with manufacturing transferred from Ft. Collins, Colorado to Veeco Plainview in New York