FEI reports earnings, announces R&D center

July 30, 2002 — FEI Co., the Hillsboro, Ore., developer of metrology tools set to merge with metrology equipment provider Veeco Instruments Inc., announced second quarter earnings of $4.9 million, or 15 cents per share, compared with $8.6 million reported for the second quarter of 2001.

Revenues were $87.9 million, compared with $94 million for the same period last year. The company partly attributed the results to lower sales volume and costs associated with its merger with Veeco. The company’s stock was up 99 cents at $19.23 in late afternoon trading.

FEI also announced a new R&D center to be located at a 27-acre Hillsboro site purchased from Tokyo Electron Ltd. It includes one building for offices, another for R&D and will be used to consolidate FEI’s local operations. Currently, FEI’s operations are housed in five separate buildings.

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