FSII - FSI International Inc. (Naz GM) - Stock Market Forum, Penny Stocks, FOREX, NASDAQ, AMEX, NYSE, Live Chat

**Klipper22** · #1 07-19-2007, 11:46 PM

The chart came up as a bottom play, but then I started looking into why the big drops over the past several months. BIG losses reported regularly will do it. Then I read an article about pressure to possibly sell. Anyway, going to keep it on the backburner and see where it goes.

FSI International Inc.
3455 Lyman Boulevard
Chaska, MN 55318
United States - Map
Phone: 952-448-5440
Fax: 952-448-5554
Web Site: http://www.fsi-intl.com

DETAILS
Index Membership: N/A
Sector: Technology
Industry: Semiconductor Equipment & Materials
Full Time Employees: 560

BUSINESS SUMMARY
FSI International, Inc. designs, manufactures, markets, and supports equipment used in the fabrication of microelectronics, such as semiconductor devices. It provides Surface Conditioning (SC) technology solutions and POLARIS system support (PSS) services to manufacturers of integrated circuits worldwide. The company's SC business includes manufacture, marketing, and support of equipment that uses wet, vapor, cryogenic, and other chemistry techniques to clean, strip, or etch the surfaces of silicon wafers. Its PSS products are microlithography products used to deposit photoresist, a light-sensitive, etch-resistant material used to transfer an image to the surface of a silicon wafer and develop the photosensitive material. PSS services include process applications support, engineering, and equipment maintenance; robot refurbishment, system level and standard upgrades, systems operations and maintenance training, and spare parts; and POLARIS Refresh Program, in which customers could purchase certified POLARIS clusters made of new and pre-owned, or re-qualified modules. The company also offers system upgrade packages, spare part kits, software maintenance licenses, individual spare part components, and support services that provide product and process enhancements to extend the life of surface conditioning and microlithography equipment. In addition, it sells process, service, and maintenance programs. The company has a joint venture, moFSI, LTD, with MBK Project Holdings, LTD. and Chlorine Engineers Corp., LTD. to develop and distribute wafer cleaning equipment and technology in Japan. FSI International was founded in 1973 and is based in Chaska, Minnesota.

Shares Outstanding: 30.44M
Float: 30.35M
% Held by Insiders: 10.88%
% Held by Institutions: 65.00%

http://stockcharts.com/h-sc/ui?s=FSI...=1&a=112352754

**Klipper22** · #2 07-19-2007, 11:48 PM

Here is the article from a month ago:

Hedge fund presses FSI for CEO change, sale
Wednesday June 20, 1:39 pm ET

A shareholder of FSI International Inc. told officials the company should replace its CEO and explore a sale or other strategic alternatives, after the company posted a wider third-quarter loss Tuesday.

FSI officials responded that they would entertain proposals but weren't shopping the company.

The comments came on a conference call Tuesday between Chaska-based FSI (Nasdaq: FSII - News) and institutional investors and analysts. The call was to discuss FSI's third quarter, during which the company, which makes equipment for the microelectronics industry, reported losses of $5.6 million -- about double that of the year-ago quarter. Revenue fell as well.

During the call, Robert Chapman, an analyst with hedge fund Chapman Capital, one of the company's largest shareholders with over 2.3 million shares of the company (a 7.6 percent stake), said that his firm has been "bombarded with phone calls from other owners that would like [CEO Donald Mitchell] to resign."

According to securities filings, Chapman has been asking FSI management to consider a sale for several months. In a filing on June 12, Chapman said that it had "made contact with various parties that expressed an interest in a strategic combination with [FSI]."

FSI also received criticism during the call from Robert Johnson, an analyst with Wooded Glen, who said his firm supports Mitchell being replaced, and the company being sold.

Benno Sands, FSI's executive vice president of business development said the company would entertain any shareholder proposals. But, he added in an interview Wednesday that the company was not "actively looking for a buyer."

He also stated that he believes that Chapman's concerns do not represent the majority of shareholder views, and that most shareholders support FSI's management.

Published June 20, 2007 by the Minneapolis / St. Paul Business Journal