W-J Sells HDPCVD IP to Applied Materials
-- Semiconductor International, 5/1/1999
Watkins-Johnson
Semiconductor Equipment Group (W-J SEG), a wholly owned subsidiary of
Watkins-Johnson Co., has completed the sale of its high-density plasma chemical
vapor deposition (HDPCVD) intellectual property assets plus associated inventory
and hardware to Applied Materials. This sale will result in a second-quarter
pre-tax gain of $9 million.
W-J had received a non-binding letter of intent regarding the sale of most of
SEG to Silicon Valley Group, W. Keith Kennedy, W-J's president and CEO, said.
The HDPCVD assets, a part of SEG, had been excluded from that letter of intent
in order to permit W-J to pursue the sale of these assets separately. 
