Search Menu
Photonics Media Photonics Buyers' Guide Photonics EDU Photonics Spectra BioPhotonics EuroPhotonics Industrial Photonics Photonics Showcase Photonics ProdSpec Photonics Handbook
More News
Email Facebook Twitter Google+ LinkedIn Comments

Spectra-Physics Adjusts Expectations for Quarter
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.

CommunicationsindustrialNews & Features

Terms & Conditions Privacy Policy About Us Contact Us
back to top
Facebook Twitter Instagram LinkedIn YouTube RSS
©2018 Photonics Media, 100 West St., Pittsfield, MA, 01201 USA,

Photonics Media, Laurin Publishing
x We deliver – right to your inbox. Subscribe FREE to our newsletters.
We use cookies to improve user experience and analyze our website traffic as stated in our Privacy Policy. By using this website, you agree to the use of cookies unless you have disabled them.