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VANTAGEPOINT FORMS NEW MARKETING ARM

SAN BRUNO - VantagePoint Venture Partners has formed Aviza Technology Inc.

With an initial investment of $50 million, Aviza Technology will acquire, operate and expand opportunities in the semiconductor capital equipment industry.

According to VantagePoint , Aviza Technology will immediately begin to market and support the entire line of the company's ASML technology which is used in more than 7,000 systems worldwide.
 
The company manufactures batch and single-wafer processing equipment, atmospheric pressure chemical vapor deposition systems and atomic layer deposition systems.
 
Headquartered in Scotts Valley, CA, Aviza Technology will maintain the existing global field service and support infrastructure.

that can unlock the inherent value and create the conditions for future success for ASML Thermal. Aviza Technology meets our criteria to grow the organization and support the customers, employees and technology."
 
LORAL REJECTS PURCHASE OFFER; SELLS SATELLITES

PALO ALTO - Loral Space & Communications, which most recently agreed to sell six of its satellites to Washington-based Intelsat after filing for bankruptcy court protection, has rejected a $1.85 billion purchase offer from EchoStar Communications.
 
Loral said the offer by EchoStar, which runs Dish Network, the second-largest US  satellite television service, undervalues its assets. Loral wants to keep its satellite services and manufacturing businesses and sell only its North American satellites.
 
The company has agreed to sell six satellites to Intelsat for about $1.1 billion.
 
Earlier this month Loral reportedly won a $220 million order to build satellites for DirecTV, EchoStar's larger rival.

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