News
FRANKLIN, MA – Speedline Technologies president Pierre de Villemejane will leave the equipment maker July 18. Joe Hahn, electronics group vice president for parent company ITW, was named interim executive while a permanent replacement is sought.
OOSTERHOUT, THE NETHERLANDS – Vitronics Soltec will relocate volume manufacturing of several product lines from The Netherlands to its facilities in China and the U.S. over the next six to nine months.
The move is a response to the demand for better price-to-performance ratios, the company said.
The move is a response to the demand for better price-to-performance ratios, the company said.
YAVNE, ISRAEL – Orbotech Ltd. today updated its 2007 revenue forecast for flat panel display inspection equipment to about $50 million, approximately $35 million less than previously anticipated.
About $20 million worth of sales will come in the second half, the company said in a statement today.
After the first quarter, the company indicated it expected a downturn due to lower spending by FPD manufacturers. This downturn is now estimated to be deeper than previously anticipated, as LCD manufacturers delay scheduled “move in” dates for new fabrication facilities to mid-2008, Orbotech said.
About $20 million worth of sales will come in the second half, the company said in a statement today.
After the first quarter, the company indicated it expected a downturn due to lower spending by FPD manufacturers. This downturn is now estimated to be deeper than previously anticipated, as LCD manufacturers delay scheduled “move in” dates for new fabrication facilities to mid-2008, Orbotech said.
The company expects strong rebound in FPD revenues in 2008, based on forecasts for strong second-half bookings and “significant indications” of a substantial upturn next year.
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