Rudolph Technologies(RTEC) - 500 Beiträge pro Seite

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Profile:Rudolph Technologies, Inc. is engaged in the design, development, manufacture and support of process control metrology systems used in semiconductor device manufacturing. The Company`s thin film measurement systems are non-contact, non-destructive metrology tools capable of measuring thin film properties across the wafer with a high degree of precision and repeatability. The Company`s thin film measurement solutions consist of six product families, four of which are built on Rudolph`s VANGUARD automation platform. The Company`s products include its microprocessor controlled ellipsometer, the AutoEL, the FOCUS ellipsometer, the MetaPULSE with a patented technology that measures metal and other opaque films on product wafers, the SpectraLASER line of systems, a line of S-Series systems optimized for the CMP, etch, thin film and diffusion processes, the MetaPULSE-II and S-ultra.
http://www.rudolphtech.com

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Rudolph Technologies Completes Acquisition of ISOA
Wednesday September 25, 2:21 pm ET


FLANDERS, N.J., Sept. 25 /PRNewswire-FirstCall/ -- Rudolph Technologies, Inc. (Nasdaq: RTEC - News), a worldwide leader in process control metrology systems, today announced that it has completed its all-cash acquisition of privately held ISOA, a defect control company based in Richardson, Texas, for approximately $24.2 million.
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ISOA is a spin-off from Texas Tech University`s International Center for Informatics Research (formerly the Institute for Studies of Organizational Automation). Over the past 16 years, ISOA has licensed its technology for use in the semiconductor industry and recently began transitioning to a semiconductor capital equipment supplier. The Company`s core technologies are Knowledge Based Algorithms used in wafer macro defect detection and classification. Customers in Asia, Europe and the U.S are currently using its recently introduced WaferView family of tools. The technology improves semiconductor chip manufacturer`s process yields, reduces inspection costs and maximizes efficient production for increased profits. Following the completion of the transaction, ISOA will continue to maintain its offices in Richardson, TX and will become the Yield Metrology Group of Rudolph. Additionally, ISOA`s tool manufacturing, currently outsourced to Japan, will be moved to Rudolph`s Ledgewood, New Jersey facility. ISOA currently has approximately 45 employees with one third holding advanced degrees.

"This acquisition supports our overall strategy to deliver the most comprehensive set of solutions and the highest quality tools to the semiconductor market," commented Paul F. McLaughlin, Chairman and CEO. "Furthermore, we believe this is an important step as we are entering the defect inspection market -- currently valued at over one billion dollars. This will greatly expand Rudolph`s product offering, provide additional value to our customers and additional revenue streams to grow our business."

As previously reported, Dr. Kathleen Hennessey, ISOA`s founder, will continue to lead the operations (recently renamed Yield Metrology Group) as Vice President and General Manager, reporting to Paul F. McLaughlin. Dr. Hennessey has over 35 years experience specializing in knowledge-based systems, artificial intelligence, databases and data communications. She and Dr. YouLing Lin, Chief Technology Officer of ISOA, are among the 11 ISOA founders that joined Rudolph.

About Rudolph Technologies

Rudolph Technologies is a worldwide leader in the design, development, manufacture and support of high-performance process control metrology systems used by semiconductor device manufacturers. The Company provides a full-fab solution through its families of proprietary systems for metrology applications used throughout the device manufacturing process. Rudolph`s product development has successfully anticipated and addressed many emerging trends that are driving the semiconductor industry`s growth. The Company`s success in creating complementary metrology applications through aggressive research and development is key to Rudolph`s strategy for continued technological and market leadership.

This press release contains forward-looking statements, including statements related to our revenue expectations and our anticipated leadership position in the industry. Actual results may differ materially from those projected due to a number of risks, including the impact of the slowdown in the overall economy and the uncertainty of the current global political environment following the recent terrorist attacks, changes in customer demands for our existing and new products, the timing, cancellation or delay of customer orders and shipments and the timing of revenue recognition of shipments, new product offerings from our competitors, changes in or an inability to execute Rudolph Technologies` business strategy, unanticipated manufacturing or supply problems, changes in tax rules, and inability to integrate ISOA. Rudolph Technologies cannot guarantee future results, levels of activity, performance or achievements. The matters discussed in this press release also involve risks and uncertainties summarized under the heading "Risk Factors" in Rudolph Technologies` Form 10K filed for the year ended December 31, 2001. These factors are updated from time to time through the filing of reports and registration statements with the Securities and Exchange Commission. Rudolph Technologies does not assume any obligation to update the forward-looking information contained in this press release.




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Source: Rudolph Technologies, Inc.

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Rudolph Technolgies Expands Into China; Hires Seasoned Semiconductor Veteran as General Manager
Monday October 14, 11:40 am ET


FLANDERS, N.J., Oct. 14 /PRNewswire-FirstCall/ -- Rudolph Technologies, Inc. (Nasdaq: RTEC - News), a leading provider of process control equipment for thin film measurement and for macro defect inspection during IC manufacturing, today announced that it has expanded into the world`s fastest growing semiconductor market with the opening of its newest office in Shanghai, China. Additionally, the Company also announced that Mr. Wai-Man Li was hired as General Manager to run the new office.
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"Our strategy in China is similar to our strategy in the early 90`s with regards to Taiwan -- when it went from trailing-edge technology to leading-edge technology in less than a decade," commented Mr. Robert DiCrosta, Vice President of Global Customer Support. "China continues to emerge as one of the world`s fastest growing semiconductor markets. Rudolph has been doing business in China for well over a decade and the time was right for us to establish a strategic-presence in Shanghai to be in close proximity to our major Chinese customers. Furthermore, the opportunity to add Wai-Man Li further strengthens our position in China as his extensive local knowledge and industry expertise will enable us to continue to service our Chinese customers with the leading customer support and metrology expertise that Rudolph is renowned for."

The Company`s new office is in the Pudong industrial development area of Shanghai and is in close proximity to major device manufacturers, such as Grace Semiconductor, SMIC, Hua Hong NEC and others. In addition to Mr. Li, the office will house Service Engineers, Applications Engineers, and a Software Development Team. Rudolph is also renting space in the Waigaoqiao Free Trade Zone of Pudong, Shanghai to support its local sparing requirements.

Mr. Wai-Man Li has over 20 year`s experience in the semiconductor industry, having previously worked at ASML Holdings, Mattson Technology, Lam Research and National Semiconductor. He has served as Customer Support Manager and Sr. Process Engineer involved in complex process development for customers in Taiwan and Singapore, and he has also been responsible for operation of regional offices in China. His knowledge of the China market as well as his commitment to customer support will be invaluable resources as Rudolph emerges as one of the market`s leaders. Mr. Li has a BS Physics from Jinan University, China and a MSEE from Northwestern Polytechnic University.

About Rudolph Technologies

Rudolph Technologies is a worldwide leader in the design, development, manufacture and support of high-performance process control metrology systems used by semiconductor device manufacturers. The Company provides a full-fab solution through its families of proprietary systems for metrology applications used throughout the device manufacturing process. Rudolph`s product development has successfully anticipated and addressed many emerging trends that are driving the semiconductor industry`s growth. The Company`s success in creating complementary metrology applications through aggressive research and development is key to Rudolph`s strategy for continued technological and market leadership.

This press release contains forward-looking statements, including statements related to our revenue expectations and our anticipated leadership position in the industry. Actual results may differ materially from those projected due to a number of risks, including the impact of the slowdown in the overall economy and the uncertainty of the current global political environment following the recent terrorist attacks, changes in customer demands for our existing and new products, the timing, cancellation or delay of customer orders and shipments and the timing of revenue recognition of shipments, new product offerings from our competitors, changes in or an inability to execute Rudolph Technologies` business strategy, unanticipated manufacturing or supply problems and changes in tax rules.. Rudolph Technologies cannot guarantee future results, levels of activity, performance or achievements. The matters discussed in this press release also involve risks and uncertainties summarized under the heading "Risk Factors" in Rudolph Technologies` Form 10K filed for the year ended December 31, 2001. These factors are updated from time to time through the filing of reports and registration statements with the Securities and Exchange Commission. Rudolph Technologies does not assume any obligation to update the forward-looking information contained in this press release

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Source: Rudolph Technologies, Inc.

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Rudolph`s Third Quarter Revenue Exceeds Guidance; Company Meets EPS Guidance And Remains Profitable on A Pro Forma Basis
Monday October 28, 4:01 pm ET
*Third Quarter Revenue Increases 16% Sequentially to $15.2 Million *Rudolph Sees Continued Profitability and Revenue Growth and in Fourth Quarter


FLANDERS, N.J., Oct. 28 /PRNewswire-FirstCall/ -- Rudolph Technologies, Inc. (Nasdaq: RTEC - News), a leading provider of process control equipment for thin film measurement and macro defect inspection during Integrated Circuit (IC) manufacturing, today announced financial results for the third quarter ended September 30, 2002.
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Third Quarter Results

The Company`s third quarter revenue totaled $15.2 million, representing a 16% sequential increase from $13.1 million in the second quarter of 2002. This compared to $15.1 million in revenue for the third quarter of 2001. On September 24, 2002, the Company closed on its acquisition of ISOA (renamed Yield Metrology Group (YMG)). The impact of this acquisition was immaterial to the Company`s operations through the end of the quarter, except for a $3.5 million charge related to the write-off of acquired in-process R&D. Excluding this in-process R&D charge and costs related to acquisitions no longer being pursued of $384,000 net of tax, the Company`s pro forma net income totaled $793,000, or $0.05 per diluted share. This compared to $656,000, or $0.04 per diluted share for the previous quarter, and $859,000, or $0.05 per diluted share for the prior year period. On a GAAP basis, the Company reported a net loss of $3.1 million, or $0.19 per diluted share for the third quarter 2002.

"Our customers have continued to invest in technology purchases for the front-end of the fab, despite the difficult overall environment," commented Paul F. McLaughlin, Chairman and CEO of Rudolph. "And although capacity utilization remains soft, our leading-edge tools are continuing to receive broad acceptance at the design engineering level. This has enabled Rudolph Technologies to once again out-perform the overall semiconductor capital equipment industry. With our MetaPULSE®, S-ultra(TM) and WaferView(TM) families of tools, we have built a balanced product portfolio, which positions us to win significant business when the demand cycle turns. As evidence of our success, transparent tool sales accounted for 50% of third quarter sales. Furthermore, our backlog is heavily weighted towards S-ultra tools -- as leading semiconductor manufacturers continue to rely on Rudolph`s transparent thin-film technology leadership -- our heritage area of expertise. This quarter we had orders for our new transparent tools in both Asia and the U.S. for next generation thin-film applications."

"In addition, the integration of the Yield Metrology Group is proceeding smoothly. We continue to confirm our due diligence that showed YMG technology as "best-of-breed" for macro defect inspection. We view the formation of the group as a tremendous opportunity for Rudolph, as we anticipate that it will significantly expand our product offerings into a new and larger segment of the metrology market. Furthermore, we believe it will provide additional value to our customers, while building additional revenue streams to grow our business."

Third quarter gross margin was 41%, sequentially flat with the 2002 second quarter. This compared to a gross margin of 45% in the third quarter last year. The year over year gross margin decrease was due to fixed manufacturing costs being a higher component of cost of goods sold. Average product selling prices and margins remain strong.

Research & development (R&D) expenses for the third quarter totaled $3.0 million, compared to $2.5 million in the second quarter of 2002, and $3.2 million in the year ago period. As a percentage of revenue, R&D was 20%, compared to 19% last quarter, and 21% in the same quarter last year. The Company expects R&D spending to increase significantly in absolute dollars and represent approximately 22 to 24 percent of fourth quarter revenue, primarily reflecting the engineering team acquired in the YMG transaction as well as increased spending across all our product lines.

Selling, general & administrative (S,G&A) expenses for the third quarter totaled $3.5 million, compared to $2.2 million in the second quarter of 2002, and $2.9 million in the prior year period. As a percentage of revenue, S,G&A was 23% in the 2002 third quarter, compared to 19% in the comparable prior year period. The increase in S,G&A was primarily due to costs in connection with acquisitions that are no longer being pursued, increased commissions and other general administrative costs.

Balance Sheet Strength

Despite acquiring YMG in an all cash deal valued at $24.2 million, the Company`s cash position remains strong, with cash and short-term investments totaling $73.4 million at September 30, 2002. In addition, the Company`s cash flow from operations remains positive as it manages through the industry downturn.

Outlook

The Company currently anticipates revenue for the fourth quarter ending December 31, 2002 to grow five to ten percent sequentially, with earnings of $0.02 per diluted share, plus or minus $0.01. Rudolph expects R&D expenses to grow significantly, as the Company continues to expand upon its technical leadership position.

Conference call

Rudolph Technologies will be hosting a conference call today at 4:45PM EDT. A live webcast will also be available to investors on the Company`s Web site at www.rudolphtech.com. To listen to the live call, please go to the Web site at least fifteen minutes early to register, download and install any necessary audio software.

About Rudolph Technologies

Rudolph Technologies is a worldwide leader in the design, development, manufacture and support of high-performance process control metrology systems used by semiconductor device manufacturers. The Company provides a full-fab solution through its families of proprietary systems for metrology applications used throughout the device manufacturing process. Rudolph`s product development has successfully anticipated and addressed many emerging trends that are driving the semiconductor industry`s growth. The Company`s success in creating complementary metrology applications through aggressive research and development is key to Rudolph`s strategy for continued technological and market leadership.

This press release contains forward-looking statements, including, but not limited to, statements related to our expectations regarding the successful commercialization of ISOA`s technology and integration of it`s business operations, and our revenue and earnings expectations for the remainder of 2002. Actual results may differ materially from those projected due to a number of risks, including the impact of the slowdown in the overall economy and the uncertainty of the current global political environment following the recent terrorist attacks, changes in customer demands for our existing and new products, the timing, cancellation or delay of customer orders and shipments and the timing of revenue recognition of shipments, potential difficulties we could experience in completing the integration of ISOA, new product offerings from our competitors, changes in or an inability to execute Rudolph Technologies` business strategy, unanticipated manufacturing or supply problems, and changes in tax rules. Rudolph Technologies cannot guarantee future results, levels of activity, performance or achievements. The matters discussed in this press release also involve risks and uncertainties summarized under the heading "Risk Factors" in Rudolph Technologies` Form 10K filed for the year ended December 31, 2001. These factors are updated from time to time through the filing of reports and registration statements with the Securities and Exchange Commission. Rudolph Technologies does not assume any obligation to update the forward-looking information contained in this press release.

RUDOLPH TECHNOLOGIES
CONDENSED BALANCE SHEETS
($000)


September 30, December 31,
2002 2001
ASSETS (Unaudited)
Current assets
Cash $ 42,789 $ 94,642
Short-term investments 30,650 -
Accounts receivable, net 19,581 13,523
Inventories 27,874 22,695
Prepaid and other assets 3,376 3,435
Total current assets 124,270 134,295
Net property, plant and equipment 7,638 5,221
Intangibles 24,684 2,181
Deferred taxes 4,915 5,790
Other assets 806 311
Total assets $162,313 $147,798


LIABILITIES AND STOCKHOLDERS` EQUITY
Current liabilities
Accounts payable and accrued liabilities $ 7,303 $ 2,668
Other current liabilities 11,532 2,980
Total current liabilities 18,835 5,648
Stockholders` equity 143,478 142,150
Total liabilities & stockholders` equity $162,313 $147,798


RUDOLPH TECHNOLOGIES
STATEMENTS OF OPERATIONS
(Unaudited)
($000)

Three Months Ended Nine Months Ended

Sept. 30, Sept. 30, Sept. 30, Sept. 30,
2002 2001 2002 2001

Revenues $15,199 $15,058 $40,355 $68,707
Cost of revenues 8,966 8,323 23,578 33,225
Gross profit 6,233 6,735 16,777 35,482
Operating expenses:
Research &
development 3,010 3,183 7,968 9,610
In-process research
& development 3,500 - 3,500 -
Selling, general
& administrative 3,475 2,891 8,062 10,392
Amortization 65 85 193 254
Total operating
expenses 10,050 6,159 19,723 20,256
Operating income/
(loss) (3,817) 576 (2,946) 15,226
Interest income
and other, net 746 681 1,589 2,255
Provision for
income taxes 20 398 630 6,403
Net income/(loss) $(3,091) $859 $(1,987) $11,078

Net income/(loss)
per share:
Basic $ (0.19) $0.05 $(0.12) $0.70
Diluted $ (0.19) $0.05 $(0.12) $0.67

Weighted average
shares outstanding:
Basic 16,226,346 16,081,194 16,179,442 15,816,201
Diluted 16,226,346 16,649,058 16,179,442 16,455,905

RECONCILIATION OF NET INCOME/(LOSS)
TO PRO FORMA NET INCOME:

Net income/(loss) $(3,091) $859 $(1,987) $11,078

In-process R&D 3,500 - 3,500 -

Costs related to
acquisitions no
longer being
pursued net of tax 384 - 384 -

Pro forma net income $793 $859 $1,894 $11,078


Pro forma net income
per share:
Basic $ 0.05 $0.05 $0.12 $0.70
Diluted $0.05 $0.05 $0.11 $0.67


Weighted average
shares outstanding:
Basic 16,226,346 16,081,194 16,179,442 15,816,201
Diluted 16,474,893 16,649,058 16,714,665 16,455,905




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Source: Rudolph Technologies, Inc.

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Tokyo Electron Chooses Rudolph for Integrated Metrology in Front-End Process Equipment
Thursday December 5, 7:01 am ET
Rudolph is selected as a Class 1 supplier of integrated metrology systems by TEL


FLANDERS, N.J., Dec. 5 /PRNewswire-FirstCall/ -- Rudolph Technologies, Inc. (Nasdaq: RTEC - News), a leading provider of process control equipment for thin film measurement and for macro defect inspection during IC manufacturing, announced today that Tokyo Electron Limited (TEL), Tokyo, Japan, has chosen Rudolph as a "Class 1" film thickness Integrated Metrology (IM) supplier. The integrated system is designed to be built into the process equipment and to increase yield by bringing high-precision measurements on-line with a response time not possible with stand-alone metrology.
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"This is an exciting opportunity for both IM technology and TEL," noted Greg Wolf, Technology Director, at Rudolph. "Integrated metrology will be an enabling technology for next generation semiconductor devices as it will provide valuable input to a process tool for tight feedback and feed-forward control of critical process parameters. The RTEC i-MOD AF(TM) (All Film) system provides the highest degree of precision for thin, thick, and multi-layer films. This is invaluable as there will be fewer simple single-layer films in future product applications."

The Rudolph system provides ellipsometry technology in an integrated tool, which is more advanced and better suited to the control of dielectric films than tools based on reflectometry and interferometry techniques. The i-MOD AF system is well suited for process control of a broad range of films. The integrated system was compared against competing products on numerous films and under different process conditions before being chosen by TEL.

Rudolph announced the formation of its Integrated Metrology business unit in April 2002 and exhibited the i-MOD(TM) at SEMICON West 2002. For more information, visit Rudolph`s web site at http://www.rudolphtech.com.

About Rudolph Technologies, Inc.

Rudolph Technologies is a worldwide leader in the design, development, manufacture and support of high-performance process control metrology systems used by semiconductor device manufacturers. The Company provides a full-fab solution through its families of proprietary systems for metrology applications used throughout the device manufacturing process. Rudolph`s product development has successfully anticipated and addressed many emerging trends that are driving the semiconductor industry`s growth. The Company`s success in creating complementary metrology applications through aggressive research and development is key to Rudolph`s strategy for continued technological and market leadership. For more information on Rudolph, please visit the Company`s website at http://www.rudolphtech.com.

About TEL

TEL, established in 1963, is a leading supplier of innovative semiconductor and FPD production equipment worldwide. Product lines include coater/developers, thermal processing system, dry etchers, CVD systems, sputtering systems (PVD), wet cleaning systems, and test systems. In Japan, TEL distributes other leading edge semiconductor equipment tools, such as metrology tools or process control systems. In addition, TEL distributes high quality computer systems, semiconductor devices and electronic components of other leading suppliers, as well as computer network related products from around the world. To support this diverse product base, TEL has strategically located research & development, manufacturing, sales, and service locations all over the world. TEL is a publicly held company listed on the Tokyo Stock Exchange. http://www.tel.co.jp

Safe Harbor Statement

This press release contains forward-looking statements, including statements related to our revenue expectations and our anticipated leadership position in the industry. Actual results may differ materially from those projected due to a number of risks, including the impact of the slowdown in the overall economy and the uncertainty of the current global political environment following the recent terrorist attacks, changes in customer demands for our existing and new products, the timing, cancellation or delay of customer orders and shipments and the timing of revenue recognition of shipments, new product offerings from our competitors, changes in or an inability to execute Rudolph Technologies` business strategy, unanticipated manufacturing or supply problems and changes in tax rules. Rudolph Technologies cannot guarantee future results, levels of activity, performance or achievements. The matters discussed in this press release also involve risks and uncertainties summarized under the heading "Risk Factors" in Rudolph Technologies` Form 10K filed for the year ended December 31, 2001. These factors are updated from time to time through the filing of reports and registration statements with the Securities and Exchange Commission. Rudolph Technologies does not assume any obligation to update the forward-looking information contained in this press release.




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Source: Rudolph Technologies, Inc.

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Reuters
Rudolph Tech reiterates fourth quarter outlook
Friday December 6, 10:41 am ET


FLANDERS, N.J., Dec 6 (Reuters) - Chip equipment maker Rudolph Technologies Inc.(NasdaqNM:RTEC - News) on Friday reiterated its earnings and revenue outlook for fourth quarter.
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The Flanders, New Jersey, company, which counts about one-third of its sales to leading chip maker Intel Corp. (NasdaqNM:INTC - News), said it sees revenue for the fourth quarter growing at a rate of five-to-ten percent sequentially.

It sees fourth-quarter earnings of 2 cents a share, but said the results could be in a range of one cent a share to three cents a share. One year ago, the company reported a profit of four cents a share.

Analysts surveyed by Thomson First Call on average forecast a fourth quarter profit of 2 cents a share.

Rudolph added that it expects Research and Development spending to grow significantly.

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Rudolph Reports Fourth Quarter and Full Year Results; Revenue Sequentially Improves Throughout 2002
Monday February 3, 4:01 pm ET


FLANDERS, N.J., Feb. 3 /PRNewswire-FirstCall/ -- Rudolph Technologies, Inc. (Nasdaq: RTEC - News), a leading provider of process control equipment for thin film measurement and macro defect inspection during Integrated Circuit (IC) manufacturing, today announced financial results for the fourth quarter and full year-ended December 31, 2002.
Highlights for the fourth quarter include:

* Revenue increases 13% sequentially to $17.1 million; Above the
Company`s previous guidance
* Net income of $556,000 and EPS of $0.03
* Continued strong balance sheet supported by $73.3 million in cash and
investments


Discussing the fourth quarter results, Paul F. McLaughlin, Chairman and CEO commented:

"We are pleased to have continued our sequential revenue improvements and, importantly, having maintained our profitability on a pro forma basis throughout 2002. Our performance clearly demonstrates that the leading device manufacturers, including all of the top ten and 14 of the top 16, continue to rely on Rudolph`s leading-edge products to position themselves for increased end-user demand. And by continuing to commit our resources to the development of new products, regardless of the industry`s cycle, our customers will continue to turn to us as they evaluate their next-generation metrology needs. It is this technical foresight -- to invest in R&D often before trends emerge -- that has provided us significant competitive advantages in some of the industry`s fastest growing markets. Specifically, we believe our MetaPULSE® technology is the industry standard for metal film metrology, particularly copper interconnect metrology at the 130 and 90 nanometer technology nodes."

The Company`s fourth quarter revenue totaled $17.1 million, representing a 13% sequential increase from $15.2 million in the third quarter of 2002 and a 60% increase compared to $10.7 million for the fourth quarter of 2001. The 2002 fourth quarter revenue performance was above the Company`s previous guidance. The Company`s net income totaled $556,000, or $0.03 per diluted share compared to pro forma net income of $793,000, or $0.05 per diluted share for the 2002 third quarter. Pro forma net income, in the third quarter, excludes a $3.5 million charge related to the write-off of acquired in-process R&D and cost related to acquisitions not completed. The Company reported net income of $662,000, or $0.04 per diluted share for the 2001 fourth quarter.

Fourth quarter gross margin was 41%, sequentially flat with the 2002 third quarter. This is slightly higher compared to a gross margin of 39% in the 2001 fourth quarter. The year-over-year gross margin increase is due to higher absorption of fixed manufacturing and service organization costs. Average product selling prices and margins remain strong.

Research & development (R&D) expenses for the fourth quarter totaled $3.9 million, compared to $3.0 million in the third quarter of 2002, and $2.0 million in the year ago period. As a percentage of revenue, R&D was 23%, compared to 20% last quarter, and 19% in the same quarter last year. As anticipated, the Company`s increased R&D primarily reflects the engineering team acquired in the Yield Metrology Group (YMG, formerly ISOA) transaction as well as increased spending across all four of the Company`s product lines.

Selling, general & administrative (S,G&A) expenses for the fourth quarter totaled $3.0 million, compared to $3.5 million in the third quarter of 2002, and $1.8 million in the prior year period. As a percentage of revenue, S,G&A was 17% in the 2002 fourth quarter, compared to 17% in the comparable prior year period.

Full Year 2002 Results

For the full year ended December 31, 2002, total revenue was $57.4 million, compared to $79.4 million for the year ended December 31, 2001. Pro forma net income for the full year was $2.5 million, or $0.15 per diluted share, compared to $11.7 million, or $0.71 per diluted share for the year-ago period. The lower year-over-year results were due to reduced capital equipment spending by semiconductor chip manufacturers and push-outs and cancellations of existing orders associated with the well-documented industry slowdown.

"In light of the macro-economic events, we are particularly pleased to report that 2002 was a year of great achievements as we formed our integrated metrology business unit, opened an office in China and acquired YMG -- our first acquisition as a public company. As a result, Rudolph is a much stronger and more competitive Company with four major product lines. Furthermore, the continued acceptance of our MetaPULSE opaque and S-ultra(TM) transparent product families has enabled us to expand Rudolph`s brand franchise to the macro defect control market with WaferView®, which we believe offers our customers the "best-of-breed" solution to their automated after develop inspection requirements. Additionally, the sale of our 500th Focused Beam(TM) ellipsometry system underscores Rudolph`s continuing commitment to provide the semiconductor industry with the most advanced thin-film metrology systems," continued McLaughlin.

Balance Sheet Strength

The Company`s cash position remains strong, with cash and short-term investments totaling $73.3 million at December 31, 2002. In addition, the Company`s cash flow from operations remains positive as it manages through the challenging market environment.

Recent Highlights

* Rudolph acquired privately held ISOA (Yield Metrology Group), a defect
control company based in Richardson, Texas, in an all cash transaction
valued at $24.2 million. The acquisition greatly expands Rudolph`s
product offering, provides additional value to its customers and
additional revenue streams to grow its business

* Rudolph expanded into the world`s fastest growing semiconductor market
with the opening of its newest office in Shanghai, China. The Company`s
strategy in China is similar to its strategy in the early 90`s with
regards to Taiwan -- when it went from trailing-edge technology to
leading-edge technology in less than a decade.

* Rudolph shipped its WaferView 210 automated after develop inspection
(ADI) system to a major Asian DRAM manufacturer. This specific
customer received the second tool approximately six months after the
successful use of the first tool. WaferView offers semiconductor makers
the ability to fully automate macro defect inspection by inspecting
100 percent of the wafer surface at throughputs greater than 100 wafers
per hour.

* Rudolph sold its 500th Focused Beam ellipsometry system. The shipment
of this latest generation FOCUS(TM) system, the S300-ultra(TM), was
part of a multi-system order to a top-10 semiconductor equipment
manufacturer

* Tokyo Electron Limited (TEL) chose Rudolph as a "Class 1" film
thickness Integrated Metrology (TM) supplier. The integrated system is
designed to be built into the process equipment and to increase yield
by bringing high-precision measurements on-line with a response time
not possible with stand-alone metrology.

* Rudolph enhanced the metrology solutions roadmap to address the
technology requirements outlined in the 2001 International Technology
Roadmap for Semiconductors (ITRS). The Rudolph roadmap builds on the
company`s widely accepted solutions that already address the metrology
needs of the world`s top 10 semiconductor device manufacturers. The
Company`s new copper process solutions enable measurements of
ultra-thin barrier films, barrier sidewall coverage, and post-CMP
copper and ILD thickness of high-aspect ratio sub-micron lines.


Outlook

With the continued softness in end-user demand, Rudolph`s customers have reduced their spending and are currently realigning their tool-set needs. As a result, the Company is currently anticipating revenue for the first quarter ending March 31, 2003 to be down between 10% and 15% compared to that of the 2002 fourth quarter revenue of $17.1 million. Rudolph has effectively managed the bottom line during this entire cycle, and as a result the Company currently anticipates being break-even in the 2003 first quarter despite the lower sequential revenue.

Rudolph believes it continues to be one of the best-positioned semiconductor capital equipment companies and will be an early benefactor when device manufacturers increase spending when end-user demand increases.

New Board Member

Separately, Rudolph also announced that Thomas G. Greig was unanimously elected to the Board of Directors. Mr. Greig, a Managing Director with Liberty Partners, Rudolph`s largest shareholder, will replace Stephen Fisher, also a Managing Director with Liberty. After more than six years of outstanding service to Rudolph, Mr. Fisher will be devoting more time to other companies in Liberty`s investment portfolio. During his tenure, Mr. Fisher`s dedication and distinguished service to Rudolph has been invaluable.

Mr. Greig has more than 25 years of experience on Wall Street. He received a BS in Electrical Engineering from Princeton University, a MSE in electrical engineering from New York University and an MBA from Harvard Business School.

With the addition of Mr. Greig, Rudolph continues to have seven outside Board Members out of a total of eight Board seats. Since going public in November 1999, Rudolph has consistently maintained a majority of outside Board members. Mr. McLaughlin, the Company`s CEO and Chairman of the Board of Directors, is the only inside member.

Conference call

Rudolph Technologies will be hosting a conference call today at 4:45PM EST. A live webcast will also be available to investors on the Company`s web site at http://www.rudolphtech.com . To listen to the live call, please go to the web site at least fifteen minutes early to register, download and install any necessary audio software.

About Rudolph Technologies

Rudolph Technologies is a worldwide leader in the design, development, manufacture and support of high-performance process control metrology systems used by semiconductor device manufacturers. The Company provides a full-fab solution through its families of proprietary systems for metrology applications used throughout the device manufacturing process. Rudolph`s product development has successfully anticipated and addressed many emerging trends that are driving the semiconductor industry`s growth. The Company`s success in creating complementary metrology applications through aggressive research and development is key to Rudolph`s strategy for continued technological and market leadership.

This press release contains forward-looking statements, including, but not limited to, statements related to our expectations regarding our revenue and earnings expectations for the first quarter of 2003. Actual results may differ materially from those projected due to a number of risks, including the impact of the slowdown in the overall economy and the uncertainty of the current global political environment in view of a possible war with Iraq and the potential for terrorist attacks, changes in customer demands for our existing and new products, the timing, cancellation or delay of customer orders and shipments and the timing of revenue recognition of shipments, potential difficulties we could experience in completing the integration of ISOA, new product offerings from our competitors, changes in or an inability to execute Rudolph Technologies` business strategy, unanticipated manufacturing or supply problems, and changes in tax rules. Rudolph Technologies cannot guarantee future results, levels of activity, performance or achievements. The matters discussed in this press release also involve risks and uncertainties summarized under the heading "Risk Factors" in Rudolph Technologies` Form 10-K filed for the year ended December 31, 2001. These factors are updated from time to time through the filing of reports and registration statements with the Securities and Exchange Commission. Rudolph Technologies does not assume any obligation to update the forward-looking information contained in this press release.

RUDOLPH TECHNOLOGIES, INC.
CONSOLIDATED BALANCE SHEETS
($000) - (Unaudited)

December 31, December 31,
2002 2001
ASSETS
Current assets
Cash $ 42,047 $ 94,642
Short-term investments 31,223 --
Accounts receivable, net 16,142 13,523
Inventories 30,488 22,695
Prepaid and other assets 4,033 3,435
Total current assets 123,933 134,295
Net property, plant and equipment 7,454 5,221
Intangibles 24,465 2,181
Deferred taxes 5,299 5,790
Other assets 812 311
Total assets $ 161,963 $ 147,798

LIABILITIES AND STOCKHOLDERS` EQUITY
Current liabilities
Accounts payable and accrued liabilities $ 6,502 $ 2,668
Other current liabilities 11,380 2,980
Total current liabilities 17,882 5,648
Stockholders` equity 144,081 142,150
Total liabilities & stockholders` equity $ 161,963 $ 147,798


RUDOLPH TECHNOLOGIES, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
($000) - (Unaudited)

Three Months Ended Twelve Months Ended
December 31, December 31, December 31, December 31,
2002 2001 2002 2001

Revenues $ 17,090 $ 10,691 $ 57,445 $ 79,398
Cost of revenues 9,998 6,573 33,576 39,798
Gross profit 7,092 4,118 23,869 39,600
Operating expenses:
Research & development 3,860 2,015 11,828 11,625
In-process research &
development -- -- 3,500 --
Selling, general &
administrative 2,963 1,778 11,025 12,171
Amortization 219 85 412 339
Total operating expenses 7,042 3,878 26,765 24,135
Operating income/(loss) 50 240 (2,896) 15,465
Interest income and
other, net 461 518 2,050 2,774
Provision for income
taxes (45) 96 585 6,499
Net income/(loss) $ 556 $ 662 $ (1,431) $ 11,740

Net income/(loss) per share:
Basic $ 0.03 $ 0.04 $ (0.09) $ 0.74
Diluted $ 0.03 $ 0.04 $ (0.09) $ 0.71

Weighted average
shares outstanding:
Basic 16,322,014 16,111,965 16,215,237 15,899,933
Diluted 16,550,990 16,697,575 16,215,237 16,531,461

RECONCILIATION OF NET INCOME TO PRO
FORMA NET INCOME:

Net income/(loss) $ 556 $ 662 $ (1,431) $ 11,740
In-process research and
development -- -- 3,500 --
Cost related to
acquisitions not
completed, net of tax -- -- 384 --
Pro forma net income $ 556 $ 662 $ 2,453 $ 11,740

Pro forma net income per share:
Basic $ 0.03 $ 0.04 $ 0.15 $ 0.74
Diluted $ 0.03 $ 0.04 $ 0.15 $ 0.71

Weighted average
shares outstanding:
Basic 16,322,014 16,111,965 16,215,237 15,899,933
Diluted 16,550,990 16,697,575 16,663,272 16,531,461




--------------------------------------------------------------------------------
Source: Rudolph Technologies, Inc.

[Chipdesign]

Rudolph Technologies Announces Workforce Reduction; Reconfirms 2003 First Quarter Guidance
Thursday February 27, 4:45 pm ET
Strong Balance Sheet and Continued Focus on R&D will Continue to Drive New Product Development


FLANDERS, N.J., Feb. 27 /PRNewswire-FirstCall/ -- Rudolph Technologies, Inc. (Nasdaq: RTEC - News), a leading provider of process control equipment for thin film measurement and for macro defect inspection during IC manufacturing, today reduced its global workforce by approximately 10%. The Company is taking this action due to the continued weakness in the semiconductor industry.
ADVERTISEMENT


Paul F. McLaughlin, Chairman and CEO commented, "Unfortunately, the economic downturn has continued to plague our industry at a global level. As a result we do not expect to see a significant upturn in capital equipment spending by our customers in the near term and we have taken a number of cost- cutting measures to reflect this reality. Nonetheless, as in previous downturns, we will continue to invest in our R&D, as we remain committed to developing leading edge tools for our customers` future needs. With our keen product focus we will clearly emerge an even stronger company and we believe that Rudolph is positioned to be one of the first beneficiaries when end user demand rises, particularly at the copper and 300MM technology nodes."

Although capacity utilization remains soft, Rudolph`s leading-edge tools are continuing to receive broad acceptance at the design engineering level. For this reason, the Company remains committed to investing in R&D to support its future growth. Rudolph plans to maintain its R&D spend at approximately 20 to 25% of revenue for the foreseeable future in order to meet technology roadmaps as outlined by the International Technology Roadmap for Semiconductors (ITRS). With roughly $73.0 million in cash and short-term investments, the Company has the resources to continue investing in the company`s future success.

The annualized savings from the reduction in workforce are in excess of $2 million. For the quarter ending March 31, 2003, the cost savings realized will be offset by severance and other costs associated with this reduction.

Rudolph is also reaffirming its 2003 first quarter guidance. The Company is anticipating revenue for the first quarter ending March 31, 2003 to be down between 10% and 15% compared to that of the 2002 fourth quarter revenue of $17.1 million and break-even EPS in the 2003 first quarter despite the lower sequential revenue.

About Rudolph Technologies

Rudolph Technologies is a worldwide leader in the design, development, manufacture and support of high-performance process control metrology systems used by semiconductor device manufacturers. The Company provides a full-fab solution through its families of proprietary systems for metrology applications used throughout the device manufacturing process. Rudolph`s product development has successfully anticipated and addressed many emerging trends that are driving the semiconductor industry`s growth. The Company`s success in creating complementary metrology applications through aggressive research and development is key to Rudolph`s strategy for continued technological and market leadership.

This press release contains forward-looking statements, including, but not limited to, statements related to our expectations regarding our revenue and earnings expectations for the first quarter of 2003. Actual results may differ materially from those projected due to a number of risks, including the impact of the slowdown in the overall economy and the uncertainty of the current global political environment in view of a possible war with Iraq and the potential for terrorist attacks, changes in customer demands for our existing and new products, the timing, cancellation or delay of customer orders and shipments and the timing of revenue recognition of shipments, potential difficulties we could experience in completing the integration of ISOA, new product offerings from our competitors, changes in or an inability to execute Rudolph Technologies` business strategy, unanticipated manufacturing or supply problems, and changes in tax rules. Rudolph Technologies cannot guarantee future results, levels of activity, performance or achievements. The matters discussed in this press release also involve risks and uncertainties summarized under the heading "Risk Factors" in Rudolph Technologies` Form 10-K filed for the year ended December 31, 2001. These factors are updated from time to time through the filing of reports and registration statements with the Securities and Exchange Commission. Rudolph Technologies does not assume any obligation to update the forward-looking information contained in this press release.




--------------------------------------------------------------------------------
Source: Rudolph Technologies, Inc.

[Chipdesign]

Wells Fargo Securities Re-Initiating Coverage on Rudolph Technologies, Inc. With Hold Rating
Friday March 7, 7:58 am ET


SAN FRANCISCO, March 7 /PRNewswire-FirstCall/ -- David Duley, semiconductor capital equipment analyst at Wells Fargo Securities, has re-initiated coverage on the shares of Rudolph Technologies, Inc. (Nasdaq: RTEC - News; $12.67) with a Hold rating.
Below are direct quotations from Mr. Duley`s research report:

-- We are re-initiating coverage on Rudolph Technologies, Inc. with a Hold
rating. Our FY03 revenue and EPS estimates are $65.2 million and
$0.14, respectively. Our FY04 revenue and EPS estimates are
$88.9 million and $0.59, respectively.
-- Rapidly growing served markets. Rudolph participates in the process
control metrology market. We believe that this segment of the equipment
market will continue to grow more rapidly than the overall market as
the industry moves to larger wafer sizes, tighter geometries, and new
materials.
-- Dominant market share in metal metrology. Rudolph dominates the
non-destructive metal metrology market with almost 100% share and also
participates in the highly competitive transparent thin film metrology
market.
-- Expanding addressable market. The company has entered the integrated
metrology market with its newly announced business unit and product
line of integrated metrology modules. In addition, Rudolph`s recent
acquisition enables it to compete in the large wafer defect inspection
market.
-- New metrology capabilities. The company has announced the development
of new transparent and metal metrology applications to enable its
customers to stay ahead of the gate metrology requirements and to
qualify new processes and ramp advanced technology transistors to
high-volume production.
-- Will competitive landscape change? KLA-Tencor should enter the
copper/metal metrology market with a product announcement soon, which
could put pressure on the company`s stock price.

Prices are as of the close on March 6, 2003.


Wells Fargo Securities is a market maker in the securities of the subject company.

The research analyst principally responsible for preparing this research report received compensation that is based upon various factors, including Wells Fargo Securities` total revenue, a portion of which is generated by Wells Fargo Securities` investment banking revenues.

WELLS FARGO SECURITIES RATING SYSTEM

BUY -- Immediate purchase is recommended; the stock is expected to
outperform the general market over the next 12-18 months.
HOLD -- Holding the stock is recommended. The stock has moved out of our
preferred buying range, but there is further upside to the share price;
or stated objectives at the time of purchase have changed and share
appreciation may take another 6-12 months.
SELL -- The stock has reached the stated price objective and appreciation
has been achieved; or certain company fundamentals have changed which
warrant investors selling the stock to avoid price decline.


Wells Fargo Securities, LLC is a full service investment banking firm. Headquartered in San Francisco with offices in Southern California and the Pacific Northwest and on the East Coast, Wells Fargo Securities is dedicated to building long-term relationships using the strength of its equity capital markets and Wells Fargo & Company products to provide outstanding service and support to its clients.

Investments made through Wells Fargo Securities, LLC: (1) are not insured by the FDIC; (2) are not deposits or other obligations of, or guaranteed by, Wells Fargo Securities, Wells Fargo & Company or any of its affiliates; (3) are not guaranteed by any Federal governmental agency (excluding U.S. Government and federal agency securities); and (4) are subject to investment risks, including possible loss of principal amount invested.

The study on these pages is not a complete analysis of every material fact regarding any company, industry or security. The opinions expressed herein reflect the judgment of the author at this date and are subject to change without notice. Facts have been obtained from sources considered reliable but are not guaranteed to be accurate. Wells Fargo Securities, its directors and employees and their families may have a position in the securities of the companies described herein, and may make purchases or sales while this report is in circulation. Wells Fargo Securities or an associated person will sell to or buy from customers on a principal basis. Additional information on the subject companies mentioned herein is available upon request.

Wells Fargo Securities, LLC is a member of the National Association of Securities Dealers, CRD number 7665.




--------------------------------------------------------------------------------
Source: Wells Fargo Securities, LLC

[panik]

Rudolph`s First Quarter Revenue In-Line with Previous Guidance; Maintains Profitability With Better-Than-Expected EPS
Monday April 28, 4:01 pm ET


FLANDERS, N.J., April 28 /PRNewswire-FirstCall/ -- Rudolph Technologies, Inc. (Nasdaq: RTEC - News), a leading provider of process control equipment for thin film measurement and macro defect inspection during Integrated Circuit (IC) manufacturing, today announced financial results for the first quarter ended March 31, 2003.
Highlights for the first quarter include:

-- Revenue of $14.5 million, increases 20% year-over-year
-- Maintains Profitability with EPS of $0.01
-- Continued strong balance sheet supported by $70.6 million in cash and
investments


Discussing the first quarter results, Paul F. McLaughlin, Chairman and CEO commented:

"Despite the challenges in the semiconductor market, we continue to execute on our strategy of investing in R&D and developing leading-edge tools that meet our customers` needs, all while strengthening our infrastructure. Our focus on and investment in these core initiatives should position Rudolph to benefit from improved order flow when the next cycle begins. Furthermore, with last year`s acquisition of our Yield Metrology Group (formerly ISOA) and the launch of our Integrated Metrology Group, we estimate that the total available market for Rudolph at the next industry peak will be at least 2 times larger than that available to us at the 2000 peak. We believe we have put the right building blocks in place through our expanded portfolio of products."

The Company`s first quarter revenue totaled $14.5 million, consistent with previous guidance and down 15% as compared to $17.1 million in the fourth quarter of 2002. On a year-over-year basis, the first quarter represented a 20% increase compared to $12.0 million for the first quarter of 2002. Revenues from the Yield Metrology Group accounted for approximately 14% of this increase. During the first quarter, international sales represented approximately 64% of revenue while domestic sales accounted for 36%. Approximately 82% of the Company`s first quarter tool revenue was from 300 millimeter tools.

Despite the difficult market environment, the Company maintained profitability for the first quarter and continued its record of profitability. Net income was slightly better-than-expected and totaled $175,000, or $0.01 per diluted share compared to net income of $556,000, or $0.03 per diluted share for the 2002 fourth quarter. The Company reported net income of $447,000 or $0.03 per diluted share for the 2002 first quarter.

First quarter gross margin was 42%, up from 41% in the 2002 fourth quarter. This is slightly lower compared to a gross margin of 43% in the 2002 first quarter. The sequential increase in gross margin is due in part to an increase in licensing revenues from the Yield Metrology Group related to certain inspection technology. For the first quarter, average product selling prices were approximately $875 thousand and product margins remain strong.

Research & development (R&D) expenses for the first quarter totaled $3.4 million, compared to $3.9 million in the fourth quarter of 2002, and $2.4 million in the year ago period. As a percentage of revenue, R&D was 24%, compared to 23% last quarter, and 20% in the same quarter last year. The Company`s year over year increased R&D primarily reflects the engineering team acquired from the Yield Metrology Group and the formation of the Company`s Integrated Metrology Group in the second quarter of 2002. The sequential decrease in R&D is primarily due to the completion of certain projects in the fourth quarter and timing of research related expenditures.

Selling, general & administrative (S,G&A) expenses for the first quarter totaled $2.9 million, compared to $3.0 million in the fourth quarter of 2002, and $2.4 million in the prior year period. As a percentage of revenue, S,G&A was 20% in the 2003 first quarter and comparable prior year period. The administrative costs associated with YMG were the primary cause of the year over year increase in absolute dollars.

During the first quarter, the Company announced a workforce reduction due to the continued weakness in the semiconductor industry. The cost savings realized in the first quarter were offset by severance and other cost associated with the reduction.

Balance Sheet Strength

The Company`s cash position remains strong, with cash and short-term investments totaling $70.6 million at March 31, 2003. Working capital changed slightly from December 31, 2002 increasing to $106.2 million.

Outlook

Visibility remains very limited due to both macro and micro economic factors. With the continued softness in end-user demand, Rudolph`s customers have reduced their spending and are currently realigning their tool-set needs. As a result, the Company is currently anticipating revenue for the second quarter ending June 30, 2003 to be sequentially flat to down 10% compared to that of the 2003 first quarter revenue of $14.5 million. The Company is anticipating diluted earnings per share to be break-even to $0.02 as previously announced cost reductions lower the break-even level.

Conference call

Rudolph Technologies will be hosting a conference call today at 4:45PM EDT. A live webcast will also be available to investors on the Company`s web site at www.rudolphtech.com. To listen to the live call, please go to the web site at least fifteen minutes early to register, download and install any necessary audio software.

About Rudolph Technologies

Rudolph Technologies is a worldwide leader in the design, development, manufacture and support of high-performance process control metrology systems used by semiconductor device manufacturers. The Company provides a full-fab solution through its families of proprietary systems for metrology applications used throughout the device manufacturing process. Rudolph`s product development has successfully anticipated and addressed many emerging trends that are driving the semiconductor industry`s growth. The Company`s success in creating complementary metrology applications through aggressive research and development is key to Rudolph`s strategy for continued technological and market leadership.

This press release contains forward-looking statements, including, but not limited to, statements related to our expectations regarding our revenue and earnings expectations for the second quarter of 2003. Actual results may differ materially from those projected due to a number of risks, including the impact of the slowdown in the overall economy and the uncertainty of the current global political environment and the potential for terrorist attacks, changes in customer demands for our existing and new products, the timing, cancellation or delay of customer orders and shipments and the timing of revenue recognition of shipments, potential difficulties we could experience in completing the integration of ISOA, new product offerings from our competitors, changes in or an inability to execute Rudolph Technologies` business strategy, unanticipated manufacturing or supply problems, and changes in tax rules. Rudolph Technologies cannot guarantee future results, levels of activity, performance or achievements. The matters discussed in this press release also involve risks and uncertainties summarized under the heading "Risk Factors" in Rudolph Technologies` Form 10-K filed for the year ended December 31, 2002. These factors are updated from time to time through the filing of reports and registration statements with the Securities and Exchange Commission. Rudolph Technologies does not assume any obligation to update the forward-looking information contained in this press release.

RUDOLPH TECHNOLOGIES
CONDENSED CONSOLIDATED BALANCE SHEETS
($000)

March 31, December 31,
2003 2002
(Unaudited)
ASSETS
Current assets
Cash $39,371 $42,047
Short-term investments 31,267 31,223
Accounts receivable, net 18,127 16,142
Inventories 30,303 30,488
Prepaid and other assets 3,339 4,033
Total current assets 122,407 123,933

Net property, plant and equipment 7,270 7,454
Intangibles 24,246 24,465
Deferred taxes 5,299 5,299
Other assets 710 812
Total assets $159,932 $161,963

LIABILITIES AND STOCKHOLDERS` EQUITY
Current liabilities
Accounts payable and accrued liabilities $4,806 $6,502
Other current liabilities 11,369 11,380
Total current liabilities 16,175 17,882
Stockholders` equity 143,757 144,081
Total liabilities & stockholders` equity $159,932 $161,963


RUDOLPH TECHNOLOGIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
($000)

Three Months Ended
March 31, March 31,
2003 2002

Revenues $14,505 $12,038
Cost of revenues 8,389 6,875
Gross profit 6,116 5,163

Operating expenses:
Research & development 3,438 2,422
Selling, general & administrative 2,873 2,409
Amortization 219 64
Operating income/(loss) (414) 268

Interest income and other, net 642 426
Provision for income taxes 53 247
Net income $ 175 $447

Net income per share:

Basic $0.01 $0.03
Diluted $0.01 $0.03

Weighted average shares outstanding:

Basic 16,331,068 16,145,675
Diluted 16,546,599 16,845,390




--------------------------------------------------------------------------------
Source: Rudolph Technologies, Inc.

[panik]

Rudolph Receives Repeat Order for MetaPULSE-II(TM) From Leading Foundry In Taiwan
Tuesday June 3, 10:30 am ET


FLANDERS, N.J., June 3 /PRNewswire-FirstCall/ -- Rudolph Technologies, Inc. (Nasdaq: RTEC - News), a leading provider of process control equipment for thin film measurement and macro defect inspection during Integrated Circuit (IC) manufacturing, today announced that one of Taiwan`s leading foundry companies, having recognized the advantages of Rudolph`s MetaPULSE-II technology, has placed a repeat tool order scheduled for delivery in the next 60 days.
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"This repeat order for our latest generation metal film measurement tool, MetaPULSE-II, reinforces our product development strategy for 90-nanometer and smaller technology nodes. It also highlights Rudolph`s importance to the foundries as they continue to invest in next-generation tools," commented Nathan Little, Vice President of Operations. "Furthermore, we are confident that our MP II will increasingly be the tool of choice for leading manufacturers as more of them begin selecting copper metallization with low-k dielectrics as their approach to meet higher-speed and lower-power requirements of advanced devices."

MetaPULSE-II is a completely redesigned second-generation PULSE(TM) Technology system. Only Rudolph`s unique sonar metrology provides production-worthy on-product opaque measurements of the thinnest to the thickest films used in state-of-the-art semiconductor manufacturing. PULSE(TM) can simultaneously determine the individual thickness of five or more layers in a multi-layer metal (MLM) film stack. MetaPULSE-II achieves higher throughput and better repeatability especially when measuring copper interconnect structures in very low-k and ultra-low-k interlayer dielectrics (ILD). As barrier layer and ILD film thicknesses decrease to tens of Angstroms the need for MetaPULSE-II increases.

About Rudolph Technologies

Rudolph Technologies is a worldwide leader in the design, development, manufacture and support of high-performance process control metrology systems used by semiconductor device manufacturers. The Company provides a full-fab solution through its families of proprietary systems for metrology applications used throughout the device manufacturing process. Rudolph`s product development has successfully anticipated and addressed many emerging trends that are driving the semiconductor industry`s growth. The Company`s success in creating complementary metrology applications through aggressive research and development is key to Rudolph`s strategy for continued technological and market leadership.

This press release contains forward-looking statements. Actual results may differ materially from those projected due to a number of risks, including, but not limited to, the impact of the slowdown in the overall economy, the uncertainty of the current global political environment, the potential for terrorist attacks, the potential business disruptions due to infectious diseases such as SARS, changes in customer demands for our existing and new products, the timing, cancellation or delay of customer orders and shipments, the timing of revenue recognition of shipments, potential difficulties we could experience in completing the integration of ISOA, new product offerings from our competitors, changes in or an inability to execute Rudolph Technologies` business strategy, unanticipated manufacturing or supply problems, and changes in tax rules. Rudolph Technologies cannot guarantee future results, levels of activity, performance or achievements. The matters discussed in this press release also involve risks and uncertainties summarized under the heading "Risk Factors" in Rudolph Technologies` Form 10-K filed for the year ended December 31, 2002. These factors are updated from time to time through the filing of reports and registration statements with the Securities and Exchange Commission. Rudolph Technologies does not assume any obligation to update the forward-looking information contained in this press release.




--------------------------------------------------------------------------------
Source: Rudolph Technologies