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Report Date : |
07.10.2014 |
IDENTIFICATION DETAILS
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Name : |
MATTSON TECHNOLOGY, INC |
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Registered Office : |
47131 Bayside Parkway, |
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Country : |
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Financials (as on) : |
29.06.2014 |
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Date of Incorporation : |
03.04.1997 |
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Legal Form : |
Public Company |
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Line of Business : |
Subject designs, manufactures, markets, and supports semiconductor wafer
processing equipment used in the fabrication of integrated circuits |
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No of Employees : |
264 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 1, 2014
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Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
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United States of America |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
UNITED STATES OF AMERICA - ECONOMIC OVERVIEW
The US has the largest and
most technologically powerful economy in the world, with a per capita GDP of
$49,800. In this market-oriented economy, private individuals and business
firms make most of the decisions, and the federal and state governments buy
needed goods and services predominantly in the private marketplace. US business
firms enjoy greater flexibility than their counterparts in Western Europe and
Japan in decisions to expand capital plant, to lay off surplus workers, and to
develop new products. At the same time, they face higher barriers to enter
their rivals' home markets than foreign firms face entering US markets. US
firms are at or near the forefront in technological advances, especially in computers
and in medical, aerospace, and military equipment; their advantage has narrowed
since the end of World War II. The onrush of technology largely explains the
gradual development of a "two-tier labor market" in which those at
the bottom lack the education and the professional/technical skills of those at
the top and, more and more, fail to get comparable pay raises, health insurance
coverage, and other benefits. Since 1975, practically all the gains in
household income have gone to the top 20% of households. Since 1996, dividends
and capital gains have grown faster than wages or any other category of
after-tax income. Imported oil accounts for nearly 55% of US consumption. Crude
oil prices doubled between 2001 and 2006, the year home prices peaked; higher
gasoline prices ate into consumers' budgets and many individuals fell behind in
their mortgage payments. Oil prices climbed another 50% between 2006 and 2008,
and bank foreclosures more than doubled in the same period. Besides dampening
the housing market, soaring oil prices caused a drop in the value of the dollar
and a deterioration in the US merchandise trade deficit, which peaked at $840
billion in 2008. The sub-prime mortgage crisis, falling home prices, investment
bank failures, tight credit, and the global economic downturn pushed the United
States into a recession by mid-2008. GDP contracted until the third quarter of
2009, making this the deepest and longest downturn since the Great Depression.
To help stabilize financial markets, in October 2008 the US Congress
established a $700 billion Troubled Asset Relief Program (TARP). The government
used some of these funds to purchase equity in US banks and industrial
corporations, much of which had been returned to the government by early 2011.
In January 2009 the US Congress passed and President Barack OBAMA signed a bill
providing an additional $787 billion fiscal stimulus to be used over 10 years -
two-thirds on additional spending and one-third on tax cuts - to create jobs
and to help the economy recover. In 2010 and 2011, the federal budget deficit
reached nearly 9% of GDP. In 2012 the federal government reduced the growth of
spending and the deficit shrank to 7.6% of GDP. Wars in Iraq and Afghanistan
required major shifts in national resources from civilian to military purposes
and contributed to the growth of the budget deficit and public debt. Through
2011, the direct costs of the wars totaled nearly $900 billion, according to US
government figures. US revenues from taxes and other sources are lower, as a
percentage of GDP, than those of most other countries. In March 2010, President
OBAMA signed into law the Patient Protection and Affordable Care Act, a health
insurance reform that was designed to extend coverage to an additional 32
million American citizens by 2016, through private health insurance for the
general population and Medicaid for the impoverished. Total spending on health
care - public plus private - rose from 9.0% of GDP in 1980 to 17.9% in 2010. In
July 2010, the president signed the DODD-FRANK Wall Street Reform and Consumer
Protection Act, a law designed to promote financial stability by protecting
consumers from financial abuses, ending taxpayer bailouts of financial firms,
dealing with troubled banks that are "too big to fail," and improving
accountability and transparency in the financial system - in particular, by
requiring certain financial derivatives to be traded in markets that are
subject to government regulation and oversight. In December 2012, the Federal
Reserve Board (Fed) announced plans to purchase $85 billion per month of
mortgage-backed and Treasury securities in an effort to hold down long-term
interest rates, and to keep short term rates near zero until unemployment drops
below 6.5% or inflation rises above 2.5%. In late 2013, the Fed announced that
it would begin scaling back long-term bond purchases to $75 billion per month
in January 2014 and reduce them further as conditions warranted; the Fed,
however, would keep short-term rates near zero so long as unemployment and
inflation had not crossed the previously stated thresholds. Long-term problems
include stagnation of wages for lower-income families, inadequate investment in
deteriorating infrastructure, rapidly rising medical and pension costs of an
aging population, energy shortages, and sizable current account and budget
deficits.
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Source
: CIA |
MATTSON
TECHNOLOGY, INC
Address: 47131 Bayside Parkway,
Telephone: +1
510-657-5900
Fax: +1
510-492-5911
Website: www.mattson.com
Corporate ID#: 2736045
State: Delaware
Judicial form: Public Company (Nasdaq = MTSN)
Date incorporated: April
3, 1997
Date founded: 1988
Stock: 73,704,323
shares (as of July 28, 2014)
Value: USD
0.001= par value
Name of manager: Fusen
E. CHEN
Business:
Mattson Technology, Inc. designs, manufactures, markets, and supports
semiconductor wafer processing equipment used in the fabrication of integrated
circuits worldwide.
The company offers dry strip, rapid thermal processing, and etch
equipment to the semiconductor industry.
Its dry strip products include the SUPREMA strip system that
incorporates its Faraday Shielded inductively coupled plasma (ICP) radio
frequency source and platform used in the production at 28 nm and 20nm
technology nodes.
The company’s rapid thermal processing products include the Helios and
Helios XP systems for conventional annealing applications; and the Millios
system for millisecond anneal applications.
Its etch products comprise the paradigmE and Alpine systems that feature
a proprietary faraday-shielded ICP plasma source combined with etch bias control
to provide process on-wafer performance.
The company sells its products directly, as well as through distribution
agreements to memory and foundry/logic device manufacturers.
Mattson Technology, Inc. was founded in 1988 and is headquartered in Fremont,
California.
Office
of the Foreign Assets Control (OFAC):
The company is not listed on the OFAC list.
The Specially Designated Nationals (SDN) List is a publication of OFAC
which lists individuals and organizations with whom United States citizens and
permanent residents are prohibited from doing business.
Foreign suppliers include:
ULTRA CLEAN TECHNOLOGY(SHA) CO
BLDG.1D,1388 EAST KANGQIAO RD., NANHUI, SHANGHAI CHINA
MATTSON THERMAL PRODUCTS GMBH
DAIMLERSTR.10 DORNSTADT BW, GERMANY 89160
EIN: 77-0208119
Staff: 264
Operations & branches:
At the headquarters, we
find a factory, warehouse and office.
The Company maintains a
branch located:
340 Broadway
Saratoga Springs, NY 12866
Ph: +1-518-583-7630
Fx: +1-518-583-7632
Shareholders:
As of 06-30-2014, 30% of
the stock was held by institutional and mutual fund owners, including:
|
Paradigm Capital Management |
5.03% |
|
Firsthand Capital Management, Inc. |
4.45% |
|
Smith (Donald) & Company Inc. |
4.09% |
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Invicta Capital Management, LLC |
4.07% |
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Ameriprise Financial, Inc. |
3.91% |
Management:
Fusen Ernie CHEN has been the Chief Executive Officer and President of
Mattson Technology Inc. since February 19, 2013.
Dr. Chen has been an Executive Vice President of Novellus Systems Inc.,
since October 3, 2005 and its Executive Vice President of Semiconductor Systems
Products since October 2005. He serves as the Chief Technology Officer of
Northern Savings & Loan Company. He is responsible for setting Novellus
Systems's technology strategy and direction, and serves as its primary
executive interface with customers in Asia. He oversees all of Novellus'
offices in the region, including China, Japan, Korea, Taiwan and Southeast
Asia. He is responsible for driving all aspects of Novellus' operations in the
region, including sales, marketing and customer support. Dr. Chen focuses on
increasing Novellus' business through strategic customer engagements and by
expanding Novellus' capabilities throughout the Asia-Pacific region.
He served as the Chief Technology Officer of Novellus Systems Inc., from
October 3, 2005 to September 2009. He served as the Senior Vice President of
Asia-Pacific Operations of Novellus Systems Inc. from October 25, 2004 to 2005.
He served as General Manager of Gapfill Business Unit at Novellus Systems, Inc.
since 2005. Dr. Chen joined Novellus after 10 years at Applied Materials, where
he most served as the Group Vice President and General Manager for the Copper
Physical Vapor Deposition (PVD) & Interconnect Product Business Group.
Prior to Applied Materials, he served as R&D Manager at LSI Corporation, a
company listed on the New York Stock Exchange. He worked at LSI Logic and
SGS-Thomson Microelectronics. He served as the Chief Technical Officer of First
Place Bank (Elyria, OH). He serves as a Director of Northern Savings & Loan
Company. Dr. Chen has been a Director of Mattson Technology Inc. since February
19, 2013. He has been an Independent Director of RDA Microelectronics, Inc.
since December 14, 2012. He served as a Director of GT Advanced Technologies
Inc.(Formerly GT Solar International, Inc.) since May 2008 to August 24, 2011;
Electroglas Inc. from January 2006 to May 2008 and First Place Bank (Elyria,
OH). He holds more than 60 U.S. patents and has authored over 50 technical
publications.
Dr. Chen holds a Bachelor of Science degree in Materials Science &
Engineering from the National Tsing Hua University in Taiwan and his doctorate
in Materials Science & Engineering from the State University of New York at
Stony Brook.
J. Michael DODSON is the COO and CFO.
Subsidiaries
And partnership:
Mattson International, Inc.
Mattson Technology Holdings, LLC
Mattson International Korea Co.
Mattson Technology Singapore Pte. Ltd.
Mattson International, Inc. Taiwan (branch)
Mattson Technology Holding GmbH
Mattson International GmbH
Mattson Thermal Products GmbH
Mattson International France Sarl
Mattson Trading (Shanghai) Co., Ltd.
Mattson Technology Cayman Holdings, Ltd.
Mattson Technology Canada, Inc.
Mattson Technology Israel Ltd.
On July 24, 2014, Mattson Technology Inc. reported unaudited
consolidated earnings results for the second quarter and six months ended June
29, 2014.
For the quarter, the company reported net revenue of $42.029 million
compared to $24.574 million a year ago. Income from operations was $2.049
million compared to loss from operations of $3.059 million a year ago. Income
before income taxes was $1.886 million compared to loss before income taxes of
$3.555 million a year ago. Net income was $1.916 million or $0.03 per basic and
diluted share compared to net loss of $3.567 million or $0.06 per basic and
diluted share a year ago. Excluding restructuring and other charges, non-GAAP
net income per diluted share was $0.03 in the second quarter of 2014.
This compares with non-GAAP net income per diluted share of $0.04 and
net loss per diluted share of $0.05 reported in the first quarter of 2014 and
second quarter of 2013, respectively. Due to the absence of restructuring and
other charges in the first quarter of 2014, there is no difference between GAAP
and non-GAAP net income per diluted share for this period.
For the six months, the company reported net revenue of $85.227 million
compared to $44.811 million a year ago. Income from operations was $4.750
million compared to loss from operations of $12.812 million a year ago. Income
before income taxes was $4.540 million compared to loss before income taxes of
$13.009 million a year ago. Net income was $4.381 million or $0.06 per basic
and diluted share compared to net loss of $13.075 million or $0.22 per basic
and diluted share a year ago.
On attachment:
- 10K 2013
- 2nd 10Q 2014
Banks: Silicon Valley Bank
Legal filings & complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary (UCC):
None