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

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.

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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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