(Reuters) - Orbotech, which makes automated inspection systems for
printed circuit boards and flat panel displays ,
posted a net loss of $3.4 million, or 10 cents per share,
compared with a year-earlier net profit of $15.3 million, or 46
cents per share.
Net loss in the second quarter included a $4.8 million
write-off of high-end PCB inventory from a previous generation,
and a $5 million write-off as the company decided against
investing further in Negevtech Ltd.
Read more at Reuters.com Market News
printed circuit boards and flat panel displays ,
posted a net loss of $3.4 million, or 10 cents per share,
compared with a year-earlier net profit of $15.3 million, or 46
cents per share.
Net loss in the second quarter included a $4.8 million
write-off of high-end PCB inventory from a previous generation,
and a $5 million write-off as the company decided against
investing further in Negevtech Ltd.
Read more at Reuters.com Market News
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