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Keithley to Discontinue Product Line

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Keithley Instruments Inc. of Cleveland is discontinuing its S600 Series parametric test product line. The company will continue to accept orders for S600 Series testers until Feb. 2010, and will continue to provide technical support, calibration and repair services through Feb. 2014. Sales from the S600 Series products have not represented a significant portion of the company's total revenue since mid-2007, and the product line has been characterized by quarterly order volatility. Keithley estimates that the annualized cost savings from this will be approximately $4 million. The cost is expected to be between $5 and $6 million on a pre-tax basis, which includes about $1.2 million for a six percent worldwide reduction in force and approximately $4 to $5 million for non-cash asset impairment charges. The majority of the costs are expected to be incurred during the second quarter of fiscal year 2009.
Feb 2009
The technology of generating and harnessing light and other forms of radiant energy whose quantum unit is the photon. The science includes light emission, transmission, deflection, amplification and detection by optical components and instruments, lasers and other light sources, fiber optics, electro-optical instrumentation, related hardware and electronics, and sophisticated systems. The range of applications of photonics extends from energy generation to detection to communications and...
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