FSI posts losses, cuts jobs

Taylor, Colleen
March 2007
Electronic News;3/26/2007, Vol. 53 Issue 13, p28
Trade Publication
The article reports on the decision of semiconductor manufacturing equipment supplier FSI International Inc. to cut costs and remove 11% of its workforce due to its financial performance in the first half of fiscal 2007. The company posted a net loss of $2.4 million on sales during the period. According to FSI chairman and chief executive officer (CEO) Don Mitchell, the inventory build-up late in 2006 resulted in lower factory utilization and reduced spending by the customers they supply.


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