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Spectra-Physics Gives Second-Quarter Results

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MOUNTAIN VIEW, Calif., July 21 -- Spectra-Physics, a majority-owned subsidiary of Thermo Electron Corp., cited the continued growth of the telecommunications market as part of the reason for its successful second quarter. Net sales reached $42.3 million for the second quarter of 2000, 21 percent better than $34.9 million for the same 1999 period. Net income for the second quarter of 2000 was $1.2 million, or $0.07 per diluted share, compared with $0.3 million, or $0.02 per diluted share, for the same 1999 period. The company's book-to-bill ratio for the second three...Read full article

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    Published: July 2000
    CommunicationsNews & Features

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