FEI Company Finalizes Financial Statements and Files Form 10-K

Business Wire, Feb 29, 2008

HILLSBORO, Ore. -- FEI Company (Nasdaq:FEIC) filed its Annual Report on Form 10-K with the U.S. Securities and Exchange Commission today.

The Form 10-K reports that the company's annual revenue for 2007 was $592.5 million and its fourth quarter revenue was $150.2 million. Both totals are $2.3 million lower than the preliminary results released by the company on February 4, 2008. Net income was $57.9 million or $1.35 per diluted share for the year and $15.6 million or $0.36 per diluted share for the fourth quarter. Those results are $1.6 million or $0.04 per share below the preliminary results.

The revised financial results reflect the company's determination, during the completion of its financial statements, that $1.3 million of revenue related to a limited number of transactions involving multiple deliverables should be deferred and that service revenue should be adjusted downward by $1.0 million. The company anticipates recognizing the $1.3 million in revenue from transactions involving multiple deliverables in 2008.

Balance sheets, statements of operations and supplemental information consistent with the Form 10-K filing are attached to this press release.

About FEI

FEI (Nasdaq:FEIC) is a global leader in providing innovative instruments for nanoscale imaging, analysis and prototyping. FEI focuses on delivering solutions that provide groundbreaking results and accelerate research, development and manufacturing cycles for its customers in semiconductor and data storage, academic and industrial R&D and life sciences markets. With R&D centers in North America and Europe, and sales and service operations in more than 50 countries around the world, FEI's Tools for Nanotech[TM] are bringing the nanoscale within the grasp of leading researchers and manufacturers. More information can be found online at: www.fei.com.

Safe Harbor Statement

This news release contains forward-looking statements that include expectations for some revenue to be recognized in 2008 instead of 2007. Factors that could affect these forward-looking statements include, but are not limited to, delays in shipping products for technical performance, component supply or other reasons, as well as potential changes in shipment plans requested by customers from whom the company has purchase orders. Please also refer to our Form 10-K, Forms 10-Q, Forms 8-K and other filings with the U.S. Securities and Exchange Commission for additional information on these factors and other factors that could cause actual results to differ materially from the forward-looking statements. FEI assumes no duty to update forward-looking statements.

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