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Spectra-Physics Anticipates Dip in First-Quarter Sales

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Spectra-Physics of Mountain View, Calif., has announced that it expects to report lower-than-anticipated sales for the quarter ending April 2, 1999. It foresees sales between $30 million and $32 million, compared with net sales of $43.6 million for the same quarter last year The company attributes the decline to a general weakness in demand in several niche application markets, including those for high-power semiconductor-based lasers. Other factors that contributed to lackluster sales include a slowdown in the commercial printing and graphics market and continued weakness in the...Read full article

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