UPDATE: FSI International up 12% but Retreating from Early Day Highs

By MidnightTrader.com Staff,

Shutterstock photo

FSI International ( FSII ) is up 12% at 2.91, retreating from a late morning high of 3.09 and lately seeing buyers attempting to hold a near-term floor near 2.90.

The company announced earlier today that it has received a follow-on order for its ORION Single Wafer Cleaning System from two leading semiconductor producers.

One customer will use the system for front-end-of-line (FEOL) all-wet photoresist stripping applications, while the other customer will use the system for back-end-of-line (BEOL) applications.

The company expects to ship the orders in fiscal 2012.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing Commodities
Referenced Stocks: FSII

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