July 25, 2002 — Nanometrics Inc., a Milpitas, Calif., supplier of automated metrology equipment used for integrated circuit, flat panel display and magnetic recording head manufacturing, announced second quarter results. The company lost $1.7 million for the period, or 14 cents per share, compared with income of $1.5 million, or 13 cents per share for the same quarter last year.

Revenues were $8.4 million, down 43 percent from the year-earlier results of $14.8 million. The company attributed the decrease in revenues to weaker demand for process control metrology equipment, particularly in the United States and Pacific Rim countries. Its stock was down 39 cents at $9.01 during morning trading.