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Applied Materials to Purchase Consilium

October 13, 1998|Bloomberg News

Applied Materials Inc., the world's largest maker of semiconductor manufacturing equipment, said it will buy Consilium Inc. to acquire software used to make computer chips. Santa Clara-based Applied Materials said it will exchange between 0.165 and 0.182 share for each Consilium share, depending on Applied Material's average share price during an undisclosed period. Applied shares rose $3.19 to close at $26.81 on Nasdaq. At that price, Consilium could be purchased for between $37.9 million and $42 million. Mountain View-based Consilium is the leading independent supplier of integrated manufacturing execution systems software used to control chip making. Shares of Consilium rose 6 cents to $1.81 before trading was halted on Nasdaq. Consilium earned $204,000, or less than 1 cent a share, on sales of $7.69 million in its third quarter ended July 31, contrasted with a loss of $1.18 million, or 15 cents, a year ago.

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