Close

Search

Search Menu
Photonics Media Photonics Buyers' Guide Photonics EDU Photonics Spectra BioPhotonics EuroPhotonics Industrial Photonics Photonics Showcase Photonics ProdSpec Photonics Handbook
More News
SPECIAL ANNOUNCEMENT
2016 Photonics Buyers' Guide Clearance! – Use Coupon Code FC16 to save 60%!
share
Email Facebook Twitter Google+ LinkedIn Comments

Spectra-Physics Adjusts Expectations for Quarter

Photonics.com
Sep 1999
MOUNTAIN VIEW, Calif., Sept. 29 -- Spectra-Physics has announced that it expects to report net sales of between $34 and $36 million, and a net loss before special charges of $0.3 to $0.8 million, or a two-cent to five-cent loss per share, for the third quarter ending September 30, 1999. These numbers compare with actual net sales of $39.7 million and net income of $2.3 million, or 14 cents per share, in the third quarter of fiscal 1998.
The company attributed the expected net loss primarily to lower-than-anticipated net sales, unfavorable shifts in product mix, and decreased returns on investments in certain markets. Spectra-Physics expects to take special charges in the third quarter of approximately $5.7 million, before tax, as a result of the following actions: the company's exit from the hard-drive disk texturing systems business; its targeting of optics R&D and manufacturing toward products for the telecommunications market; and its realignment of R&D as well as product management and distribution for high-power semiconductor lasers in response to new market opportunities and changing technology cycles.


Comments
Terms & Conditions Privacy Policy About Us Contact Us
back to top

Facebook Twitter Instagram LinkedIn YouTube RSS
©2016 Photonics Media
x We deliver – right to your inbox. Subscribe FREE to our newsletters.