| CyberOptics Slumps in Q4 |
 |
 |
| Written by Mike Buetow | |||
| Thursday, 12 February 2009 06:02 | |||
|
MINNEAPOLIS -- CyberOptics today said fourth-quarter sales plunged 55% year-over-year to $6.7 million as the economic slump hit the inspection equipment maker. For the period ended Dec. 31, the net loss was $6.1 million, down from net income of $1.2 million in 2007. The recent quarter included a pretax non-cash goodwill impairment charge of $3.9 million, and charges of $650,000 for excess and obsolete inventory and $294,000 for severance. At quarter's end, CyberOptics had cash and marketable securities of $30 millin, up from $29.2 million sequentially. For the year, the maker of electronics inspection equipment reported sales of $45.5 million, down 23% from 2007. The net loss was $6.7 million, down from net income of $5 million in 2007. Kathleen P. Iverson, president and chief executive officer, commented: “Sales of electronic assembly sensors and inspection systems were below forecasted levels in the fourth quarter. Revenues also were affected by a delay in customer acceptance of a previously shipped order for 17 Flex Ultra AOI systems." CyberOptics guided for sales of $4.5 million to $5.5 million for the first quarter 2009, including revenues from the postponed order. CyberOptics will roll out a new solder paste inspection system on schedule early in the second quarter. The company said the machine, which is manufactured in Singapore, will be the fastest and most accurate SPI available. A deal has been signed for CyberOptics' embedded inspection technology and contracts related to two other projects are close to being finalized, the firm said.
|
|||
| Last Updated on Thursday, 12 February 2009 06:39 |
Columns
| RoHS's Side Benefits |
I have mentioned numerous times that the first purpose of RoHS is to help make recycling easier. So RoHS was developed to support WEEE. One would imagine that, in doing this, the EU was primarily concerned with recycling in the EU. |
| Read more... |
| 2001 vs. 2009: Why Semis Did Better This Time |
The Great Recession that began in the fourth quarter of 2008, at the height of the holiday spending season, had an enormous effect on world economies in 2009. The bursting of the bubble housing market in the US resulted in the meltdown of financial institutions around the world. |
| Read more... |
Features
| Capacitor Testing Challenges and Solutions |
Chip caps are prone to leakage, so consider these test methods for minimizing electrical failures. |
| Read more... |
| 5 Issues Driving the Cost of Poor Quality |
Why common metrics fail to root out the causes, and actually add cost in the process. |
| Read more... |
Search
Search
Login
CB Login
Language
Language
Products
Fujiploy Offers Sarcon GR-Tac
Sarcon GR-Tac is a 0.25-mm thick polyester reinforced thermal interface material. Is reportedly easy to install and typically does not require adhesive; ideal for applications where surface space...
Sarcon GR-Tac is a 0.25-mm thick polyester reinforced thermal interface material. Is reportedly easy to install and typically does not require adhesive; ideal for applications where surface space...
