YAVNE, ISRAEL – Orbotech revised its revenue guidance for full-year 2012 to the range between $430 million and $450 million from $500 million.

The company still expects to meet the previously announced first-half revenue guidance of approximately $200 million.

The current low level of capital spending in the flat panel display industry is expected to continue through 2012 and into the first half of 2013, as LCD manufacturers delay scheduled move-in dates for new fabrication facilities to 2013, the firm says.

Lead times for delivery of the company's FPD products have become shorter. At the same time, the level of activity in the printed circuit board industry is expected
to remain consistent with 2011 levels throughout 2012.