| Tech Stock News and Analysis |
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| Tuesday, July 11, 2006 |
July 11 - Intevac Inc. (Nasdaq IVAC) on Tuesday said it received orders for 11 magnetic disk sputtering systems which will help it exceed the high end of its previous revenue outlook for 2006.
The eleven 200 Lean systems are scheduled for delivery in fourth quarter this year and first quarter next year, the company said in a statement.
On May 1, the company had said it expected fiscal year 2006 revenue of $180 million to $205 million.
According to Reuters Estimates, four analysts on average expect the company to report revenue of $201.5 million for 2006.
Shares of the company were up more than 17 percent to $25.35 in Tuesday's trading on the Nasdaq. |
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