I can lead a horse to water, but I can't make him drink !
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Docket #620 7/21/2010 Response to Order to Show Cause Why Case Should Not Be Closed (RE: related document(s)[616] Order). Filed by Other Prof. Scouler & Company
The acquisition of Asyst's strong product set, along with its existing global sales and service capabilities, offered an ideal opportunity to Crossing to enter this market space in a leading position.
"This deal makes good sense in terms of synergy, leverage and opportunity," commented MacKnight. "Crossing has gone from start-up to an established player overnight by acquiring this technology.
The new entity has an established customer base that has both vacuum and atmospheric automation requirements and we foresee a great opportunity to bring real value to the OEM community with a complementary tool set."
"This move demonstrates how serious we and our investors are in relation to the market and the opportunity that exists," stated Jed Keller, President and CEO for Crossing Automation.
"As a combined entity we will be better positioned to engage mainstream semiconductor equipment companies with a complete automation solution set. We will continue to pursue a model focused on the process equipment market that brings greater value and flexibility to these customers while offering a larger set of modular building blocks that will drive down costs through innovation and scale."
Crossing Automation delivers efficient, cost-effective integrated vacuum wafer handling systems and engineering support to high volume manufacturers of vacuum process tools, including etch, CVD, clean, RTP and metrology. Crossing's ExpressSolutions engineering services offers system integration and custom design engineering to optimize wafer-level automation systems that implement the company's ExpressConnect automation modules and subsystems. The company's unique approach enables its customers to develop process-specific wafer transport solutions for multi-platform strategies at a significantly lower cost than current approaches. Offering an alternative to conventional "cluster tool" technology, Crossing achieves critical manufacturing flexibility for OEMs and IC manufacturers alike.
StockMarketNewsAlert.com NEW Corporate Stock Alert ~~~~~~~~~~~~~~~~~~~~~~~~~~
Asyst Technologies Inc.
(ASYTQ) ~~~~~~~~~~~~~~~~~~~~~~~~~~
NEW STOCK ALERT NEW TO STOCKMARKETNEWSALERT.COM
Asyst Technologies Inc. (ASYTQ)
52 Week High $.097 52 Week Low $.002 ----------------------------------------------------------------------------------------------------------------------
Quick Fact: The Company develops, manufactures, sells and supports integrated hardware and software automation systems primarily for the semiconductor and secondarily for the flat panel display manufacturing industries.
HUGE MARKET !!!! ~~~~~~~~~~~~~~~~~~~~~~~~~~
A FEW REASONS TO OWN (ASYTQ) Asyst Technologies Inc.
(ASYTQ) Crossing Automation Inc*
Crossing Automation is a leading supplier of wafer-level automation to the semiconductor manufacturing and related industries. We bring to market a broad product portfolio spanning atmospheric pressure and vacuum-compatible platform modules.
* Crossing Automation is focused on a business model that allows the flexibility of customization while reducing costs and increasing profitability for OEMs and IDMs alike, thanks to the company`s ability to deliver high-performance wafer transport via standardized platforms. This business model is driven by four overriding principles:
technology leadership, total cost of ownership, customer satisfaction and profitability of operations.
*
Crossing Automation is a leader in the vital, yield-enhancing technologies that isolate, protect and transfer wafers throughout the integrated circuit manufacturing process. The company is also one of the industry`s most experienced providers of wafer-level atmospheric and vacuum automation solutions for semiconductor OEMs and IDMs.*
Crossing supplies many leading OEMs and deploys its products and solutions in leading fabs around the world, providing automation based on a commitment to maximum flexibility and low cost of ownership. Crossing offers its customers practical, leading-edge solutions to meet their atmospheric and vacuum automation requirements, both today and in the future.
StockMarketNewsAlert.com NEW Corporate Stock Alert ~~~~~~~~~~~~~~~~~~~~~~~~~~
ASYTQ is making a run towards $0.02. Once we break past $0.02 again, ASYTQ could reach $0.10 or better.
We haven`t seen news from ASYTQ since November 09` and anticipate news shortly which should send the stock higher.
We`ll keep you posted.
The Company(Crossing Automation) develops, manufactures, sells and supports integrated hardware and software automation systems primarily for the semiconductor and secondarily for the flat panel display manufacturing industries.(Crossing Automation, Inc. ) ASYTQ is a Leading supplier of wafer-level automation to the semiconductor manufacturing and related industries. We bring to market a broad product portfolio spanning atmospheric pressure and vacuum-compatible platform modules.
Crossing Automation is at the leading-edge of automation technology development for semiconductor, MEMS and green technology-related manufacturing; as part of our commitment to driving the most effective, cost-efficient automation systems, our engineering department consistently strives to identify new approaches to automation technology and unique and innovative ways to implement existing and off-the-shelf components to increase customers` ROI and decrease time to market.
Target is $0.20 ----- The Staff StockMarketNewsAlert email: info@stockmarketnewsalert.com
http://stockcharts.com/h-sc/ui?s=ASYTQ&p=D&yr=2&mn=0&dy=0&id=p81235996090
HDOGTX: Been reading your posts,
and watching the success you're having.
Really would like to take advantage of a good mover here over the next weeks.
What is your favorite right now?
I wish I had gotten in on LOCN.
That one was awesome to watch.
Thanks, for any suggestions.
I'll continue to watch and learn.
Very interesting to study your posts.
edurk
BTW, I would still like to hear your analysis on ASYTQ
ASYTQ is a special case
ASYTQ is in CH.11, but , this story does not end here, and here's why.
Crossing Automation, is the company that practically took over all of the Assets of ASYTQ .
The assets only work, however, if they are fully autonomous, and Crossing Automation acquires the IP rights, and this can be through an R / M reverse merger.
Crossing Automation, provides automation solutions optimized for the needs of our global customers in the semiconductor, flat panel display, and related industries. As the most experienced fab automation company, we are dedicated to helping our customers gain competitive advantage through the intelligent application of our wide range of productivity- and yield-boosting technologies. Asyst solutions are used in every 300mm wafer fabrication facility in the world and in the vast majority of 200mm facilities that use the standard mechanical interface (SMIF) manufacturing protocol. The world’s top 20 chipmakers and top 20 equipment companies all use Crossing Automation products. Crossing Automation believes that its success and long-term prosperity depends on the talents and abilities of its employees and the caliber of their contributions. That's why Crossing Automation feels it's important for employees to benefit from their contributions in a variety of ways, particularly through professional and personal reward and recognition. Grow with us!
http://www.jobstreet.com.sg/jobs/2010/9/default/20/2378511.htm?fr=J
Applied Materials is On The Prowl, and
Chief Executive Mike Splinter, the industry veteran who runs the largest chip-equipment maker, told The Wall Street Journal he's ready to make more acquisitions in the market.
That’s a much needed dose of good news for the few venture-backed companies in the sector. Spending on semiconductor equipment fell off a cliff during the recession, but analysts estimate growth ranging between 47% and 76% this year.
That growth, mixed with a need to keep pace with technology advancements in chip technology, could drive Applied Materials to hunt for deals.
Though the space has not attracted much venture capital in the last few years, there’s still a handful of start-ups that could benefit.
Aquest Systems Corp. and Crossing Automation Inc. have developed new methods to move wafers around the manufacturing facility more efficiently than traditional materials handlings systems. Both have played the role of acquirer. Aquest, with the help of private equity firm Gores Group, launched an unsolicited bid of $324 million for Asyst Technologies Inc. The bid failed and Asyst was sold off in pieces, one of which went to Crossing Automation, following Asyst’s bankruptcy last year. Since Aquest’s Asyst deal never went through Gores did not invest in the company, but it’s backed by Global Catalyst Partners, Menlo Ventures and Walden International. Crossing Automation received the $6.5 million it needed to complete the Asyst buy from its investors, Intel Capital and Tallwood Venture Capital.
http://blogs.wsj.com/venturecapital/2010/03/30/with-applied-materials-on-the-prowl-which-start-ups-will-benefit/
“This move demonstrates how serious we and our investors are in relation to the market and the opportunity that exists,” stated Jed Keller, President and CEO for Crossing Automation. “As a combined entity [color=red][/color]we will be better positioned to engage mainstream semiconductor equipment companies with a complete automation solution set. We will continue to pursue a model focused on the process equipment market that brings greater value and flexibility to these customers while offering a larger set of modular building blocks that will drive down costs through innovation and scale.”
“Beginning immediately, our energies will be focused on our global customer base and working with each of these partners to assure a smooth transition,” commented Paula LuPriore, Asyst's Chief Restructuring Officer. “Throughout the transition period and beyond, Asyst customers will continue to receive product licenses, upgrades, and technical support as provided in our existing contracts."
The purchases result in revenue of close to US$129 million to Asyst, which are expected to go towards repaying debts.
The acquisition of Asyst's strong product set, along with its existing global sales and service capabilities, offered an ideal opportunity to Crossing to enter this market space in a leading position. [color=red][/color]
"This deal makes good sense [color=red][/color]in terms of synergy, leverage and opportunity," commented MacKnight. "Crossing has gone from start-up to an established player overnight by acquiring this technology. The new entity [color=red][/color]has an established customer base that has both vacuum and atmospheric automation requirements and we foresee a great opportunity to bring real value to the OEM community with a complementary tool set."
"This move demonstrates how serious we and our investors are in relation to the market and the opportunity that exists," stated Jed Keller, President and CEO for Crossing Automation. "As a combined entity[color=red][/color] we will be better positioned to engage mainstream semiconductor equipment companies with a complete automation solution set. We will continue to pursue a model focused on the process equipment market that brings greater value and flexibility to these customers while offering a larger set of modular building blocks that will drive down costs through innovation and scale."
Crossing Automation delivers efficient, cost-effective integrated vacuum wafer handling systems and engineering support to high volume manufacturers of vacuum process tools, including etch, CVD, clean, RTP and metrology. Crossing's ExpressSolutions engineering services offers system integration and custom design engineering to optimize wafer-level automation systems that implement the company's ExpressConnect automation modules and subsystems. The company's unique approach enables its customers to develop process-specific wafer transport solutions for multi-platform strategies at a significantly lower cost than current approaches. Offering an alternative to conventional "cluster tool" technology, Crossing achieves critical manufacturing flexibility for OEMs and IC manufacturers alike.
Reverse Merger – Alternative Process.
The time to complete a Reverse Merger may happen in a fraction of the time to complete an IPO, sometimes taking only 2 - 4 months.
[color=red][/color]
The alternative process of becoming a publicly traded company is called a Reverse Merger. In this non-traditional method, the owners of the private company purchase a Shell Stock. Note that one significant difference between an IPO and a Reverse Merger is that when completing a Reverse Merger and becoming publicly traded, the private company has yet to receive any capital to expand their business.
The cost of purchasing a Shell Stock is much less expensive than completing a traditional IPO. Depending on the type of Shell Stock purchased, the cost can range from $50,000 - $1,000,000 for 70% to 95% of the outstanding stock.
*******Wondering here, if this is the reason ASYTQ paid Crossing Automation some $200,000.
The time to complete a Reverse Merger may happen in a fraction of the time to complete an IPO, sometimes taking only 2 - 4 months. One other factor that makes a Reverse Merger an attractive means of going public is that the owners of the private company retain the entire decision making in the process.
A "reverse merger", (R/M), involves acquiring an already public company,(ASYTQ), thereby replacing its spot on the stock exchange.
According to the 8-K, ASYTQ's shares were to be cancelled, and never again trade on any exchanges.
But this is not the case, as ASYTQ's shares are active, and they continue to trade on an exchange.
IMO, ASYTQ continues to trade, because the company was aquired by Crossing Automation, a private company, and a Reverse Merger has already taken place , thereby replacing ASYTQ's spot on the stock exchange.
All of this information could become public in the form of a POR, and updated 8-K.
ASYTQ - Crossing Automation Reverse Merger – Alternative Process to an IPO.
The alternative process, of becoming a "publicly traded company", by way of an IPO, is called a Reverse Merger.
In this non-traditional method, the owners of the private company (Crossing Automation),purchase a Shell Stock (ASYTQ).
Note that one significant difference between an IPO and a Reverse Merger is that when completing a Reverse Merger and becoming publicly traded, the private company has yet to receive any capital to expand their business. Usually, after the Reverse Merger is completed, the company raises the needed capital by selling restricted stock to a pre-arranged list of investors (sometimes referred to as a PIPE – Private Investment in Public Equity).
The cost of purchasing a Shell Stock is much less expensive than completing a traditional IPO. Depending on the type of Shell Stock purchased, the cost can range from $50,000 - $1,000,000 for 70% to 95% of the outstanding stock. The time to complete a Reverse Merger may happen in a fraction of the time to complete an IPO, sometimes taking only 2 - 4 months. One other factor that makes a Reverse Merger an attractive means of going public is that the owners of the private company retain the entire decision making in the process.
Now why would you give a company funds to buy your assets? What's going on here? Why did ASYTQ pay Crossing Automation $254,175.06?
"Shells" are bought.
What is the curent price for a Shell? #1
Guest_Guest I've heard that the going price for a Shell Stock ranges from $300k - $500k. If you know of any Shell Stocks sold, please post the Shell, price ... along with some backup that proves it (SEC filings, Press Release, etc.)
Example:
On April 1, 2004, Starliner Systems Inc., a British Virgin Islands corporation ("Starliner"), made a cash payment to certain shareholders of SK Technologies Corporation (the "Company"), a Delaware corporation, in the amount of three hundred fifty thousand dollars ($350,000) in exchange for 14,870,920 shares of the Company's restricted Common Stock,
Crossing Automation could reverse merge into ASYTQ.
http://www.shellstockreview.com/ssr-The-Anatomy-of-a-Shell-Stock.html
Example:
SoftQuad Software, Ltd. (OTCBB:SXML), an internationally recognized internet software developer, had its start as a public company via a reverse merger into The American Sports Machine, Inc. Initial trading of AMRP was at $.03125 per share and soared to a high of $50 per share or 159,900% six weeks later.
What is a Shell Stock?
A Shell Stock is a publicly traded company that has no operating business. Many of them trade for pennies and are thought to be worthless. But after completing a Reverse Merger, they can explode in price and increase in value by 10 times, 20 times, and possibly over 100 times their original share price!
Hmmm ?
"Reverse Merger versus IPO
Two ways to become a public company.
These two approaches are certainly not unique just to the U.S. markets.
They are used on any stock exchange in the world.
An IPO involves creating a public entity by selling new shares to the general public through underwriting brokerage firms.
A reverse merger involves acquiring an already public company, thereby replacing its spot on the stock exchange.
Both methods accomplish the same end result: a public company that successfully raises capital through equity offerings.
This is a possible R/M.
there is a relationship with Crossing Automation and Asyst. Since Crossing Automation (by all accounts is considered to be a startup, when all of this went down. There date of birth 2002 or so. Read up on Crossing Automation's history it's enlightening) also received MORE then one of Asyst employees to work for Crossing Automation.
Crossing was also able to object in the Liquidation Ch. 11. Why?
Crossing was also paid over $200K by Asyst that's also in the Liquidation report. Why?
Who is Crossing to Asyst as they were suppose to be BUYERS and BUYERS only. One of the Executives was approached and sought after by Crossing Automation 7 days after they filed for BK in April 2009. Then later Crossing is suppose to be a buyer.
Another thing in questions why did Crossing Automation send a letter to Asyst requesting them to release all the employees in the letter/list. So that they can start work for Crossing Automation.
The common shares of ASYTQ, are not canceled, just suspended.
Until they get out of BK, (based on the March 12, 2010 8k), the shares were canceled from the BK proceeding, not canceled in total. Form 15 stated it was suspended, and not canceled.
The share structure is still intact.
Just another interesting reason for a R/M.
ASYTQ and Crossing Automation and Key Bank have more of a relationship then just a business one.
Key Bank has been paid through the 100+ million profit ASYTQ got from the sales of they're other assets. Which, in that "revised" plan, Key Bank stopped they're claim and moved forward.
Plan Objections. In response to the Plan Objections by Crossing Automation, Inc. (“Crossing”) and Intel Corporation (“Intel” and, together with Crossing, “Crossing/Intel”), on the one hand, the Debtor and Key Bank, as agent for the pre-petition lenders (“Debtor/Key Bank”), on the other hand, agreed on the record that $254,175.06 shall be paid forthwith by the Debtor to Crossing. Upon such payment, Crossing/Intel on the one hand, and Debtor/Key Bank, on the other,
(“Debtor/Key Bank”), on the other hand, agreed on the record that $254,175.06 shall be paid forthwith by the Debtor to Crossing
Now why would you give a company funds to buy your assets? What's going on here? Why did they pay them $254,175.06?
Interested parties have setup ASYTQ for a R/M, IMO.
3-12-2010 8K
"Asyst's common stock was cancelled and has no future value in connection with the bankruptcy proceeding; Asyst's common stock was delisted from the NASDAQ Stock Market" -
.....yet the stock continues to be listed and is active.
Can we say remake!!! [color=red][/color]
Something looking familiar here regarding the logos:
Crossing Automation
http://www.topworkplaces.com/uploads/assets/crossing-automation/crossing-automation.png
Asyst Technologies
http://www.siliconbeat.com/wp-content/uploads/2009/07/asystlogo.gif
Crossing has received a large order for products that were to be shipped at the end of September. [color=red][/color]
The people who were objecting to the CH.11 POR of Liquidating 2009 (Including Crossing Automation and Intel Corp), all withdraw their objections on February 1, 2010.
Asyst and Crossing have connections with Intel. [color=red][/color]
This looks like a win win situation for Intel as they don't have to change supplier or start-up a new relationship. Since Crossing bought the core business of Asyst that has supplied Intel with products. Intel can continue to work with a setup that has proven to work well for Intel, and keep the business going under a different name for a while, until ASYST shell becomes debt free.
March 09, 2009 "Asyst Technologies, Inc. (NASDAQ:ASYT) has received Intel Corporation’s Preferred Quality Supplier (PQS) award recognizing their significant contributions to Intel in 2008. Asyst supplies Intel with automated material handling systems, deemed essential to Intel’s success. Asyst and 25 additional suppliers are recognized as 2008 PQS award winners. "
"Mountain View-based Crossing Automation said the expansion is supported by its funding partners, Palo Alto-based Tallwood Venture Capital and Intel Capital, the venture arm of Santa Clara-based Intel Corp. (NASDAQ:INTC)"
Crossing Automation taking over the ASYST shell is starting to look like it could be in the plans.
It's interesting that Crossing's bought their core business for $6.5 million. Also at one time Asyst was considered the world's largest semiconductor fab automation company in 2000.
Crossing Automation and ASYTQ possible R/M !!
Crossing Automation is a "Private company".
Crossing Automation aquired ASYTQ assets.
Crossing Automation is the company investors are directed to when going to the ASYTQ web-site.
Many "private companies" like to "reverse merge" with "a Shell" and become public themselves. Since the public company changes it's name to reflect the private, this merger gives us the reverse situation, thus the term "reverse merger".
"Shell Stocks" are publicly traded corporations, all that exists of the original company is its corporate shell structure. The company should have no assets or liabilities, a public company that no longer has any business and just retains capital structure and reporting status.
HDOGTX: What is your analysis of ASYTQ.
Would, Crossing Automation, (a Private company), in your opinion, have any interest in doing a R/M with ASYTQ?
I don't have PM.
Asyst Technologies Amends Shareholder Rights Plan.[color=red][/color]
FREMONT, Calif. -- Asyst Technologies, Inc. (Nasdaq:ASYT) announced that earlier today its Board of Directors has amended and restated its Shareholder Rights Plan which was adopted on June 25,1998 (the "Prior Plan"). Among other changes, the amended plan extends the current term by 12 months. The amended plan also includes a "qualified offer" provision, under which shareholders can require the Board to redeem the rights under the plan and allow an offer to purchase the Company that meets certain criteria to proceed. The Prior Plan had been scheduled to expire on July 10, 2008.
Asyst's Amended and Restated Shareholder Rights Plan (the "Amended Plan"), effective as of July 9, 2008, is designed to ensure that all of the Company's shareholders continue to receive fair and equal treatment in the event of any unsolicited attempted takeover of the Company and to protect shareholders from partial tender offers, open market accumulations and other potentially abusive or coercive tactics to gain control of the Company without offering an adequate price to all shareholders.
As was the case with the Prior Plan, the Amended Plan is not intended to prevent a takeover. Instead, it is intended to encourage anyone seeking to acquire the Company to negotiate with the Company's Board of Directors prior to attempting a takeover in order to ensure that any takeover reflects an adequate price and that shareholders' interests are protected. The Amended Plan is intended to continue to enable all of the Company's shareholders to realize the long-term value of their investment in the Company. [color=red][/color]
Initially, the Rights will be represented by the Company's Common Stock certificates and will not be exercisable. If any person or group becomes the beneficial owner Beneficial Owner
A person who enjoys the benefits of ownership even though title is in another name.
Notes:
For example, when shares of a mutual fund are held by a custodian bank or when securities are held by a broker in street name, the true owner is the beneficial of 15 percent or more of Asyst's Common Stock (which, as provided in the Amended Plan, includes stock referenced in derivative transactions and securities), then each Right not owned by such Acquiring Person will entitle its holder to purchase, at the Right's then-current exercise price, shares of Common Stock having a market value of twice the Right's then-current exercise price. In addition, if, after any person has become an Acquiring Person, the Company is involved in a merger or other business combination transaction with another person, each Right will entitle its holder (other than such Acquiring Person) to purchase, at the Right's then-current exercise price, common shares of the acquiring company having a value of twice the Right's then-current exercise price. [color=red][/color]
The Company may redeem the Rights at a price of $0.001 per Right at any time prior to the date on which any person has become an Acquiring Person. In addition, the Amended Plan includes a Qualified Offer provision, which provides that if an offer is made for the Company's outstanding Common Stock which meets certain pre-determined criteria set forth in the Amended Plan, the record holders of 10 percent of the outstanding Common Stock (other than shares held by the offeror and its affiliates) may after 90 business days direct the Company to call a special shareholders' meeting shareholders' meeting n. a meeting, usually annual, of all shareholders of a corporation (although in large corporations only a small percentage attend) to elect the Board of Directors and hear reports on the company's business situation. to consider a resolution authorizing a redemption of the Rights. If the special meeting is not held within 90 business days of being called or if the holders of a majority of the outstanding Common Stock (other than shares held by the offeror and its affiliates) vote in favor of the redemption of the Rights, then the Company's Board will redeem the Rights or take such other actions necessary to prevent the Rights from interfering with the consummation of the Qualified Offer.
The Amended Plan will continue in effect until the close of business at 5:00 p.m., EDT EDT
abbr.
Eastern Daylight Time
--------------------------------------------------------------------------------
EDT Eastern Daylight Time
EDT n abbr (US) (= Eastern Daylight Time) ? hora de verano de Nueva York
EDT , on July 8, 2009, unless earlier redeemed or terminated by Asyst, as provided in the Amended Plan.
Details of the Amended Plan, including a copy of the Amended Plan, will be filed with the SEC in a Current Report on Form 8-K Form 8-K
The form required by the SEC when a publicly held company incurs any event that might affect its financial situation or the share value of its stock.
--------------------------------------------------------------------------------
Form 8-K
See 8-K. .
Crossing's Ghulam Mustafa, PhD., will present two papers at ISMI:
ISMI Manufacturing Week
Oct. 31 - Nov. 4, 2010
Renaissance Austin Hotel
Austin, Texas
http://www.asyst.com/crossing_automation-news_and_events.php
SEMICON Japan
December 1 - 3, 2010
Makuhari Messe
Chiba, Japan
Visit Crossing Automation at SEMICON Japan in booth 6C-707 with Hakuto.
Crossing Automation Sees Strong Growth in Front-End Automation Business; Unveils Plan to Bring End-to-End Vacuum and Atmospheric Wafer-Level Automation Offering
Crossing Automation, Inc. ( www.crossinginc.com ), today announced strong growth in orders for its range of front-end atmospheric wafer automation products, spurred mainly by multiple new design wins for its Spartan, Falcon and IsoPort technologies as well as strong repeat business for Spartan, Falcon, IsoPort, 200 mm products and RFID systems.
Crossing added the front-end atmospheric component to its business through the acquisition of Asyst Technologies' atmospheric assets in September, 2009.
"We have had a phenomenal business reaction since the Asyst acquisition and are extremely appreciative of the confidence our customers have shown in Crossing," stated Robert MacKnight, president and CEO, Crossing Automation. "It is a testament to both the quality of the products and our new approach to the OEM and IDM community, an approach that has been welcomed to the extent of putting the company a year-ahead of schedule in terms of revenue and realized earnings." Crossing's approach is directly focused on providing subsystem modules for substrate automation through direct collaboration with OEMs to enable faster time-to-market, lower development costs, greater configurability and lower inventory costs. Prior to the acquisition, Crossing had already developed a set of vacuum-compatible modules and a system controller design for wafer-level automation based on these principles.
"Backed by strong financials, we are now able to focus on bringing our unique modular approach to market to provide customers with more configuration choices at a highly competitive price point while driving cycle time down significantly to maximize flexibility for our customers," added MacKnight. "ExpressConnect re-wrote the rules by simplifying the development process with our building block approach. We are applying the same rules to the atmospheric business to offer a flexible and customizable approach that will help drive performance throughout the automation market." The current roadmap calls for integrating the two product sets into the same modular delivery approach in order to offer a complete end-to-end automation solution to the OEM community, positioning Crossing as one of the industry's leading suppliers of wafer-level automation. This will deliver the greatest possible manufacturing flexibility to Crossing's OEMs at the lowest possible cost. As the next step, Crossing will engage directly with its customers to validate its product roadmaps to ensure that Crossing's product development timelines are aligned with its customers' requirements. From the customer's perspective, Crossing's ability to provide an almost infinite number of configurations from a small set of modular products that includes both atmospheric and vacuum building blocks, as well as fully integrated systems, means they are able to simplify forecasting their internal requirements. Crossing's common, configurable modules can reduce inventory, lower overhead and contribute to a dramatic reduction in cycle time. Complementing this product offering is a globally established, 24/7 local language customer support capability. Crossing Automation Vacuum-Wafer Level Automation Crossing Automation's vacuum ExpressConnect modular building block family of automation components for vacuum wafer handling systems delivers integrated vacuum wafer handling sub-systems with small footprints, low costs and high productivity for semiconductor manufacturing. ExpressConnect is a suite of five building blocks that are combined to generate unlimited configurations for wafer automation. These sub-system configurations quickly and easily assemble into process driven solutions. ExpressConnect's system architecture uses highly reliable linear transfer devices and simplified control algorithms to improve efficiencies and control reliability. Crossing Automation Atmospheric Wafer-Level Automation Crossing offers a broad range of leading-edge, cost-effective 300 mm, 200 mm, and 150 mm atmospheric wafer handling technologies to both OEMs and semiconductor manufacturers including isolation, robotics, and tracking. Crossing's product solutions include: market-leading robotic wafer sorters, fully integrated equipment front end modules (EFEMs), front-end tool interface products and auto-ID capabilities for material tracking and management.
ABOUT CROSSING AUTOMATION: Crossing Automation is a leading supplier of efficient, cost-effective front-end and back-end automation solutions and engineering services to high volume semiconductor equipment manufacturers. The company's unique approach to automation solutions enables its customers to shorten time to market, lower development costs and reduce total costs. Through its front-end and back-end automation solutions, Crossing achieves critical manufacturing flexibility for OEMs and IC manufacturers alike.
Company Contact: Larry Dulmage Crossing Automation Tel: 510-661-5007 E-Mail: Email Contact Agency Contact: Amy Smith Impress Public Relations Tel: 401-369-9266 E-Mail: Email Contact
Robert MacKnight to lead the integration process
MOUNTAIN VIEW, Calif., Aug. 3 /PRNewswire/ -- Crossing Automation, Inc., (http://www.crossinginc.com/) today announced that it has entered into a definitive agreement to acquire the assets of Asyst Technologies' atmospheric technologies and IP including the sorter, EFEM EFEM Equipment Front End Module (equipment front end module) and RFID(Radio Frequency IDentification) A data collection technology that uses electronic tags for storing data. The tag, also known as an "electronic label," "transponder" or "code plate," is made up of an RFID chip attached to an antenna.
..... Click the link for more information. products. Crossing's existing investment partners Tallwood Venture Capital and Intel Capital continue to support the company's expansion. Specific terms of the agreement were not disclosed.
Industry veteran Robert MacKnight, as Executive Chairman at Crossing Automation, will lead the integration process folding Asyst's hardware, service and spares assets and personnel into Crossing's wafer-level automation business. Since the launch of its ExpressConnect(TM) and ExpressSolutions(TM) capabilities earlier this year, Crossing has been actively working to expand the company into the atmospheric wafer handling and automation areas of semiconductor manufacturing. The acquisition of Asyst's strong product set, along with its existing global sales and service capabilities, offered an ideal opportunity to Crossing to enter this market space in a leading position.
ASYTQ is making a run towards $0.02. Once we break past $0.02 again, ASYTQ could reach $0.10 or better.
We haven`t seen news from ASYTQ since November 09` and anticipate news shortly which should send the stock higher.
We`ll keep you posted.
The Company(Crossing Automation) develops, manufactures, sells and supports integrated hardware and software automation systems primarily for the semiconductor and secondarily for the flat panel display manufacturing industries.(Crossing Automation, Inc. ) ASYTQ is a Leading supplier of wafer-level automation to the semiconductor manufacturing and related industries. We bring to market a broad product portfolio spanning atmospheric pressure and vacuum-compatible platform modules.
Crossing Automation is at the leading-edge of automation technology development for semiconductor, MEMS and green technology-related manufacturing; as part of our commitment to driving the most effective, cost-efficient automation systems, our engineering department consistently strives to identify new approaches to automation technology and unique and innovative ways to implement existing and off-the-shelf components to increase customers` ROI and decrease time to market.
Target is $0.20 ----- The Staff StockMarketNewsAlert email: info@stockmarketnewsalert.com
TOUCAN: Did you leave ASYTQ temporarily?
Buy ILNS at 0.011c now, and in 4-5 weeks,
it will be 0.035c
It will go up to 0.035c, and peak somewhere close to that level, then fall back on profit taking.
This move will be approx. a 50% Retracement of the 0.075c Pivot, set in early July.
One year Daily:
http://stockcharts.com/h-sc/ui?s=ILNS&p=D&yr=1&mn=0&dy=0&id=p87008371430
6 month Daily
http://stockcharts.com/h-sc/ui?s=ILNS&p=D&yr=0&mn=6&dy=0&id=p62900377330
One month Daily
http://stockcharts.com/h-sc/ui?s=ILNS&p=D&yr=0&mn=1&dy=0&id=p41336647269
Get ready for the next "Leg-UP", IMO.
The stock looks to me to have made an impulse move up to 0.014c, and has corrected down in an either a,b,c correction, or, a
1-2-3-4-5 correction, whichever you prefer.
In either case, the correction is typical, and happens after a big impulse move with most, if not all stocks, under EW Wave Analysis.
The stock is now ready to go up and test the high of 0.014c and it will test it in stages. I'm confident that at a minimum, the 0.008c level will be reached early this week, and possibly 0.0125c will be reached as well. A very big move to above 0.014c could also happen, if their is strong volume, because the people who sold over the last 7 days, will come back in realizing that there is more upside for this stock and they were wrong to have sold, and don't want to miss more gains.
ALL of this is my opinion.
http://stockcharts.com/h-sc/ui?s=ASYTQ&p=D&yr=0&mn=1&dy=0&id=p38786379551
This may be just the "FUEL" that caused all the BUYING in February this year, where over 15M traded and carried the pps to 0.046c.
IMO, what is needed is a "SPARK" to ignite that FUEL, and I think you have found it !!!
Money, that ASYTQ may have coming in, when publicly released, will cause a HUGE interest in this stock again, especially, if the court sends a message that a POR is approved, or Crossing Automation and ASYTQ announce a "Reverse Merger".
IMO, some group of interested parties is in the know about one of these, and behind the scenes, it is all taking place, and about to bcome public information. When it does, WATCH OUT, because this stock is going to fly, just like QSGIQ had done when it went to 0.19c from sub-penny level in two weeks, and then later, after a pull-back, went from 0.05c up to 0.30c.
IMO, ASYTQ is not dead....it's sleeping...and about to wake-up !!!
NO, I'm not a PUMPER, I am a bit of a writer though, and a shareholder as well.
We should have a good week this coming week, after having 5-down days of correction of the impulse move up from 0.005c to 0.014c, and breaking slightly under that 0.005c support.
We ended the week Friday,at 0.0042c, and the stock should now move up and retrace last weeks losses.
It could move up to the 0.0125c level by the end of this week coming up.
http://stockcharts.com/h-sc/ui?s=ASYTQ&p=D&yr=0&mn=1&dy=0&id=p40312805356
GLTA
Don't know why. He left all of a sudden.
Wish he had stayed. He was very helpful.
marcbelgium: how did you arrive at 0.30c
Your post translated:
ASYTQ: for people with time to struggle through this difficult matter, ASYTQ is under chapter11, Crossing Automation has purchased virtually all core assets but apparently (hopefully) there is money / value remaining (18 million) and asleep ASYTQ in the vault.
If, and this is speculative, there is an R / M (reverse merger) is over, the shares are worth about .30 U.S.
marcbelgium: I Agree with you...this stock has recently been acting like someone knows something, just as it appeared that way before the February run-up.
Since it's the end of year period, and tax-loss selling is here, and the company has been in Ch.11 now for over a year and a half, I'm wondering is somekind of event is near, with regard to a monetary settlement, R/M, etc.
I'm not happy with the drift down over the last 5-days, because technically, it has erased more than 61.8% of the recent move-up.
So, its now back to square-one again.
I was beginning to like the move-up above the 200-day M.A. and thought that was significant, but now the pps has fallen under the suppport of 0.005c. Maybe this will now bring in bargain hunters. Hoping anyways.
http://stockcharts.com/h-sc/ui?s=ASYTQ&p=D&yr=1&mn=0&dy=0&id=p89359759155
TEFFY: where do you see ASYTQ"s price going, now that it's drifted all the way back down to 0.0042c, from the peak at 0.014c
7-days ago?
http://stockcharts.com/h-sc/ui?s=ASYTQ&p=D&yr=1&mn=0&dy=0&id=p75519862597