Nanometrics lowers Q4 expectations

Milpitas, California–Nanometrics Inc. is expecting to report lower than anticipated revenues for its fourth quarter (Q4), which ended December 31, 2000. The company says that it now expects revenues of approximately $20 million, and attributes the shortfall to shipment rescheduling by a large customer that resulted in a mismatch of available material.

“Our business this year has clearly benefited from semiconductor capital spending, but recent customer uncertainty warrants a cautious approach to quarterly shipments in the near-term,” says John D. Heaton, president and chief executive officer of Nanometrics. “However, we remain confident in our long-term strategy and outlook for the industry. We expect growth to resume once the uncertainty in the global economy resides.”

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