News
JASPER, IN – EMS provider Kimball International Inc. reported net sales of $338.2 million for the fourth quarter of fiscal year 2008, flat with the same period last year.
Gross profit was $57.9 million, down 16.1% year-over-year. The firm reported a net loss from continuing operations of $9.8 million.
YAVNE, ISRAEL – AOI equipment maker, Orbotech Ltd., has fired dozens of employees from its workforce of 800 in Israel, according to Global Online.
The firm’s LCD testing system division reportedly has been affected most because of canceled new projects.
According to the Israeli publication Global Online, the firm also will shut down its third-largest business: the IC division. The division reportedly will merge with the company’s largest division: printed circuits.
Orbotech employees 1,600 worldwide.
SAN JOSE – Tessera Technologies Inc., provider of miniaturization technologies, said Bruce McWilliams, its chairman, president and chief executive officer, has stepped down.
