TITLE

FSI posts losses, cuts jobs

AUTHOR(S)
Taylor, Colleen
PUB. DATE
March 2007
SOURCE
Electronic News;3/26/2007, Vol. 53 Issue 13, p28
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
24575938

 

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