-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, DoH4KqLb0ccCu/rkj6prD0PLCSHzN3E+fDLpJnnAfmSJNiE4qvD7aGAuQKkk+SGr b+n8Kl1TcUpHB0NLiNXd6w== 0000950005-99-000331.txt : 19990413 0000950005-99-000331.hdr.sgml : 19990413 ACCESSION NUMBER: 0000950005-99-000331 CONFORMED SUBMISSION TYPE: DEFA14A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990401 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WATKINS JOHNSON CO CENTRAL INDEX KEY: 0000105006 STANDARD INDUSTRIAL CLASSIFICATION: 3559 IRS NUMBER: 941402710 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: SEC FILE NUMBER: 001-05631 FILM NUMBER: 99584895 BUSINESS ADDRESS: STREET 1: 3333 HILLVIEW AVE CITY: PALO ALTO STATE: CA ZIP: 94304-1223 BUSINESS PHONE: 4154934141 MAIL ADDRESS: STREET 1: 3333 HILLVIEW AVENUE CITY: PALO ALTO STATE: CA ZIP: 94304-1223 DEFR14A 1 DEFR14A SCHEDULE 14A INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant [X] Filed by a Party other than the Registrant [ ] Check the appropriate box: [ ] Preliminary Proxy Statement [ ] Definitive Proxy Statement [X] Definitive Additional Materials [ ] Soliciting Material Pursuant to Rule 14a-11(c) or Rule 14a-12 [ ] Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Watkins-Johnson Company ------------------------------------------------ (Name of Registrant as Specified In Its Charter) ------------------------------------------------------------------------ (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box): [X] No fee required. [ ] Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11. (1) Title of each class of securities to which transaction applies: (2) Aggregate number of securities to which transaction applies: (3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (Set forth the amount on which the filing fee is calculated and state how it was determined): (4) Proposed maximum aggregate value of transaction: (5) Total fee paid: [ ] Fee paid previously with preliminary materials. [ ] Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. (1) Amount Previously Paid: (2) Form, Schedule or Registration Statement No.: (3) Filing Party: (4) Date Filed: For Further Information: Media: George Sard/ (Sard Verbinnen & Co) 212-687-8080 Judy Brennan Investor Contact: Frank Emery (Watkins-Johnson) 650-813-2752 For release after 2 p.m., Pacific Standard Time, March 31, 1999 WATKINS-JOHNSON SELLS HIGH-DENSITY PLASMA CHEMICAL VAPOR DEPOSITION INTELLECTUAL PROPERTY AND ASSOCIATED HARDWARE TO APPLIED MATERIALS PALO ALTO, Calif., March 31, 1999 - WJ Semiconductor Equipment Group, Inc., a wholly owned subsidiary of Watkins-Johnson Company (NYSE: WJ), announced today that it has completed the sale of its high-density plasma chemical vapor deposition (HDPCVD) intellectual property assets plus associated inventory and hardware to Applied Materials, Inc. (NASDAQ: AMAT). This sale will result in a second-quarter pre-tax gain of $9 million. "This transaction underscores our commitment, announced on March 1, to pursue the sale of the company in its entirety or as separate businesses to maximize value for our shareowners," said W. Keith Kennedy, president and chief executive officer of Watkins-Johnson Company. Kennedy also noted that earlier this month WJ announced a non-binding letter of intent regarding the sale of most of its Semiconductor Equipment Group (SEG) to Silicon Valley Group (NASDAQ: SVGI). The HDPCVD assets, a part of SEG, had been excluded from that letter of intent in order to permit WJ to pursue the sale of these assets separately. Applied Materials, Inc. is a Fortune 500 global growth company and the world's largest supplier of wafer fabrication systems and services to the global semiconductor industry. Applied Materials' web site is www.appliedmaterials.com. Watkins-Johnson Company specializes in two high-technology business areas. WJ's wireless-communications units produce radio-frequency components, subassemblies and equipment for fixed and mobile networks worldwide. The company's Semiconductor Equipment Group produces atmospheric pressure chemical vapor deposition systems for high-volume integrated-circuit manufacturing. For more information, visit http://www.wj.com. Forward-looking Statements This news release, other than the historical information, contains forward-looking statements that involve risks and uncertainties, which include the risks of consummation of the sale of the company or its component businesses, the assurance of executing and closing a definitive agreement to sell SEG's APCVD business, and the other risks detailed in the company's SEC reports, including the report on Form 10-K for the year ended December 31, 1998. Actual results may vary materially. # # # -----END PRIVACY-ENHANCED MESSAGE-----