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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001047469-03-004361.txt : 20030207
<SEC-HEADER>0001047469-03-004361.hdr.sgml : 20030207
<ACCEPTANCE-DATETIME>20030207131425
ACCESSION NUMBER:		0001047469-03-004361
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20030207
FILED AS OF DATE:		20030207

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CAMTEK LTD
		CENTRAL INDEX KEY:			0001109138
		STANDARD INDUSTRIAL CLASSIFICATION:	OPTICAL INSTRUMENTS & LENSES [3827]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-30664
		FILM NUMBER:		03544097

	BUSINESS ADDRESS:	
		STREET 1:		INDUSTRIAL ZONE PO BOX 631
		STREET 2:		MIGDAL HAEMEK 011-972-6-644-0521
		CITY:			ISRAEL 10556
		STATE:			L3
		ZIP:			00000

	MAIL ADDRESS:	
		STREET 1:		INDUSTRIAL ZONE
		STREET 2:		MIGDAL HAEMEK ISREAL
</SEC-HEADER>
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<TYPE>6-K
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<FILENAME>a2102619z6-k.htm
<DESCRIPTION>FORM 6-K
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<P ALIGN="CENTER"><FONT SIZE=5><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>  </B></FONT><FONT SIZE=2><B>Washington, D.C. 20549  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=5><B>FORM 6-K  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=3><B>Report of Foreign Private Issuer<BR>
Pursuant to Rule&nbsp;13a-16 or 15d-16<BR>
under the Securities Exchange Act of 1934  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B>For the Month of February&nbsp;2003  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=5><B>CAMTEK&nbsp;LTD.<BR>  </B></FONT><FONT SIZE=2>(Translation of Registrant's Name into English) </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=3><B>Ramat Gavriel Industrial Zone<BR>
P.O.&nbsp;Box 544<BR>
Migdal Haemek 23150<BR>
ISRAEL<BR>  </B></FONT><FONT SIZE=2>(Address of Principal Corporate Offices) </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indicate
by check mark whether the registrant files or will file annual reports under cover of Form&nbsp;20-F or Form&nbsp;40-F. Form&nbsp;20-F
[</FONT><FONT SIZE=2><B>X</B></FONT><FONT SIZE=2>] Form&nbsp;40-F [&nbsp;&nbsp;&nbsp;&nbsp;] </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indicate
by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to
Rule&nbsp;12g3-2(b) under the Securities and Exchange Act of 1934. Yes [&nbsp;&nbsp;&nbsp;&nbsp;] No
[</FONT><FONT SIZE=2><B>X</B></FONT><FONT SIZE=2>] </FONT></P>

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<P><FONT SIZE=2><A
NAME="page_bg2207_1_2"> </A> </FONT> <FONT SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Attached hereto as Exhibit&nbsp;99.1 and incorporated by reference herein is a press release of the registrant, dated December February&nbsp;4, 2003, announcing that the registrant
ordinary shares will be transferred to The Nasdaq SmallCap Market and updating the registrant's revenue guidance for the fourth quarter of 2002. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>2</FONT></P>

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<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="page_ja2207_1_3"> </A> </FONT> <FONT SIZE=2><B>SIGNATURE  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized. </FONT></P>

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<TD WIDTH="41%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2><U>CAMTEK&nbsp;LTD.</U><BR>
(Registrant)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2><BR>
/s/&nbsp;&nbsp;</FONT><FONT SIZE=2>MOSHE AMIT</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE><FONT SIZE=2> Moshe Amit,<BR></FONT> <FONT SIZE=2><I>Executive Vice President<BR>
and Chief Financial Officer</I></FONT></TD>
</TR>
</TABLE>
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<P><FONT SIZE=2>Dated:&nbsp;&nbsp;&nbsp;&nbsp;February&nbsp;7,
2003 </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>3</FONT></P>

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<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="page_jc2207_1_4"> </A> </FONT> <FONT SIZE=2><B>EXHIBIT INDEX  </B></FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>99.1</FONT></DT><DD><FONT SIZE=2>Press
release, dated February&nbsp;4, 2003 </FONT></DD></DL>
</UL>
<P ALIGN="CENTER"><FONT SIZE=2>4</FONT></P>

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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>a2102619zex-99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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<P ALIGN="RIGHT"><FONT SIZE=2><B>Exhibit&nbsp;99.1  </B></FONT></P>

<P ALIGN="RIGHT"><FONT SIZE=2>FOR IMMEDIATE RELEASE<BR>
Feb.&nbsp;4, 2003 </FONT></P>

<P><FONT SIZE=2>CAMTEK
CONTACT:<BR>
Moshe Amit<BR>
+972-4-604-8308 (tel); +972-4-604 8300 (fax)<BR>
mosheamit@camtek.co.il </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=4><B>CAMTEK&nbsp;LTD. TO TRANSFER TO NASDAQ SMALLCAP MARKET<BR>
* * *  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=4><B>UPDATES Q4 REVENUE GUIDANCE<BR>
* * *  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=4><B>EXPECTING STRONGER Q1/'03<BR>
* * *  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=4><B>CONTINUES IMPLEMENTING COST-CUTTING MEASURES<BR>
* * *  </B></FONT></P>

<P><FONT SIZE=2>MIGDAL
HAEMEK, Israel &#151; February&nbsp;4, 2003 &#151; Camtek&nbsp;Ltd. (NASDAQ: CAMT) reported today that the Nasdaq Listing Qualifications Panel has determined that the listing
of the Company's ordinary shares will be transferred from The Nasdaq National Market to The Nasdaq SmallCap Market effective the open of business on February&nbsp;5, 2003. The Company's ordinary
shares will continue to trade under the symbol: CAMT. </FONT></P>

<P><FONT SIZE=2>Camtek's
continued listing on The Nasdaq SmallCap Market is contingent upon the successful completion of an application and review process. This process will require the Company to file&nbsp;a
transfer application to the Nasdaq SmallCap Market and to pay all initial listing fees. </FONT></P>

<P><FONT SIZE=2>On
another matter, Camtek further announced that it is updating its guidance for the fourth quarter of 2002. According to the new guidance, revenues for the fourth quarter are expected to total
between $4.2-4.6&nbsp;million. Camtek's previous guidance forecasted $5-7&nbsp;million. </FONT></P>

<P><FONT SIZE=2>Rafi
Amit, Camtek's CEO, commented: "The lower-than-expected revenues are the result of rescheduling to the first quarter of 2003 of deliveries and installations of some
existing orders. As a result, the first quarter of 2003 looks stronger at this point. We do not view this as weakening of our business or markets, which, under the limited visibility we have, still
appear flat." </FONT></P>

<P><FONT SIZE=2>Mr.&nbsp;Amit
added: "We have recently implemented a reorganization program with the main purpose of further lowering our costs while shifting our focus onto areas that demonstrate higher short term
potential. We have transferred sales and customer support resources from Europe and the US to Asia, to support the higher level of manufacturing activity there, and to accelerate the training process
of domestic personnel. We have also consolidated our Microelectronics products division&#151;formerly Inspectech&#151;with our HDI products division. The new division, named
Microelectronics and Packaging
(MEP), is headed by Amir Gilead, our Vice President of Semiconductor Packaging (HDI) Division," concluded Mr.&nbsp;Amit. </FONT></P>

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<A NAME="page_kc2207_1_2"> </A>
<BR>

<P><FONT SIZE=2><B>ABOUT CAMTEK  </B></FONT></P>

<P><FONT SIZE=2>Camtek&nbsp;Ltd.
designs, develops, manufactures, and markets technologically advanced and cost-effective intelligent optical inspection systems and related software products, used to
enhance processes and yields for the printed circuit boards, semiconductor packaging and microelectronics industries. Camtek is a public company since 2000, with headquarters in Migdal Ha'Emek, Israel
and subsidiaries in the U.S., Europe, Japan, and East Asia. </FONT></P>

<P><FONT SIZE=2><I>This press release is available at www.camtek.co.il  </I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This press release may contain projections or other forward-looking statements regarding future events or the future performance of the Company. These statements
are only predictions and may change as time passes. We do not assume any obligation to update that information. Actual events or results may differ materially from those projected, including as a
result of changing industry and market trends, reduced demand for our products, the timely development of our new products and their adoption by the market, increased competition in the industry,
price reductions as well as due to risks identified in the documents filed by the Company with the SEC. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>2</FONT></P>

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