Tenders are invited for Design, Fabrication, Supply, Installation,Training And Warranty Of 40 Kw Middle Frequency Generator Power Supply To Be Attached To Crystal Puller
Unit As Per Specification Given In Annexure Of The Tender Document.
The SC-CGM is expected to be integrated with a crystal puller
at PVA TePla's Competence Center for Industrial Crystal Growth (CCIC) in Wettenberg, Germany.
Mid-way through the third quarter, a key international customer reduced the size of an intended order, and at the same time other prospective customers delayed plans for placing orders for the company's crystal puller
BUSINESS WIRE)--March 27, 1998--Ferrofluidics Corporation (NASDAQ:FERO) today announced that it will reduce the size of its Systems Division over the next six months in response to lower crystal puller
demand, resulting from softening in semiconductor markets in the Far East.
These investments have continued despite lower revenues brought about by the downturn in the semiconductor industry early in the year and the continued rescheduling of crystal puller
2 million order for an 8" crystal puller
system from a premier Chinese research institution.
We have now received sufficient crystal puller
orders for delivery in the last half of this fiscal year to continue to expect that revenues for the year will be consistent with those of FY1996.
Receipt of these orders also represents growing acceptance of the Ferrofluidics crystal puller
as the industry standard.
We had previously reported letters of intent covering puller business needed to partially offset delays in shipments caused by rescheduling of crystal puller
08 per share after tax, was due to accelerated R&D spending for the 300mm crystal puller
project and other projects designed to further develop the company's ferrofluid technology.
These include, but are not limited to, further rescheduling of existing crystal puller
orders, additional crystal puller
orders from existing or new customers, including those mentioned above, lack of new crystal puller
orders from existing or new customers, increased revenues in the Company's other business, and a material change in the market conditions within the semiconductor industry.
0 million in backlog of crystal puller
orders will not begin to ship until the first quarter of FY1996, at which time it is expected that shipment of the pullers and their associated margins will begin at a relatively constant rate.