Mass production should be easy because Lilliputian's fuel-cell chip can be made using 20-year-old semiconductor manufacturing equipment prevalent throughout Asia.

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Given recent signs of weak PC sales at both Dell and Hewlett-Packard, the market is feeling ultra-sensitive at the moment to any evidence of slowing demand for chips and semiconductor manufacturing equipment.

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Although the maker of semiconductor manufacturing equipment originally guided for quarterly results between breakeven and 4 cents a share, Applied Materials said the original forecast didn't account for charges, which weren't known at the time.

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John Santini was a summer intern in the lab of MIT bioengineering wizard Robert Langer in 1993 when Langer presented an intriguing idea: Why not use semiconductor manufacturing equipment to build tiny pharmacies that can be implanted in sick patients?

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Flash memory and other semiconductor manufacturing uses equipment with a lot of similarities to the equipment used to make magnetic recording components.

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Mulpuri brings with him nine years of experience working at Novellus Systems, which makes equipment used in semiconductor manufacturing.

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