Aviza Technology, Inc. (Aviza) expects net sales to be in range of $25 million to $32 million for the first quarter of fiscal 2009. The company also expects adjusted net income to be in range of $1 million to $4 million, compared with the previously announced guidance of $50,000 to an adjusted net loss of $4 million.
Additionally, the company has decided to engage Needham & Company to explore partnering, financing and business development options.
We believe the results of our December quarter will reflect our ongoing efforts to improve our financial performance in the face of an extremely challenging macroeconomic environment. We are pleased that we’ve been able continue to decrease operating costs while maintaining our focus on our served markets with our single-wafer products. said Jerry Cutini, president and chief executive officer of Aviza. Additionally, we’ve decided to engage Needham & Company to assist us in evaluating our financial and strategic options. We are looking forward to working closely with them as we move through a very difficult and unpredictable economy. Aviza and Needham & Company have a long history of working together and more importantly, they have a significant depth of experience in the semiconductor capital equipment industry.