Temujin, Battaglia believe Ultratech should sell

By Lisa Kerner

Charlotte, N.C., June 13 - Ultratech, Inc. investors Temujin Fund Management, LLC and Marco Battaglia said they continue to see additional value from an eventual sale of the company "at a price that reflects its long term prospects and strategic value," according to a schedule 13D filed with the Securities and Exchange Commission.

The investors intend to meet with and/or make suggestions to Ultratech's management regarding its capital structure and operations.

Between and June 5 and June 11, the investors sold 664,410 shares of Ultratech priced from $16.01 to $16.98 each, the filing said.

Temujin and Battaglia beneficially own 3,312,341 shares or 14.17% of the company.

Ultratech is a San Jose, Calif.-based supplier of lithography and laser-processing systems used in semiconductor manufacturing.

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