Cerprobe Corp. reports S-4 filing with Securities and Exchange Commission.TEMPE, Ariz.--(BUSINESS WIRE)--Nov. 8, 1996--Cerprobe Corp. (NASDAQ/NMS:CRPB CRPB Conflict Resolution and Peace Building ) Friday announced that it has filed a Form S-4 with the Securities and Exchange Commission registering 400,000 shares of common stock to be used in connection with its pending acquisition of CompuRoute Inc. In the filing, the company disclosed that it expects to take a one-time charge to fourth quarter earnings of approximately $4.6 million related to purchased in-process research and development and other expenses associated with the acquisition. The acquisition is expected to be completed prior to the conclusion of the quarter, which ends Dec. 31, 1996. C. Zane Close, president and chief executive officer of Cerprobe, said: "The acquisition of CompuRoute is progressing smoothly and we look forward to completing the transaction as scheduled before year-end. The write-off Write-Off A reduction in the value of an asset or earnings by the amount of an expense or loss. Companies are able to write off certain expenses that are required to run the business, or have been incurred in the operation of the business and detract from retained revenues. of the aforementioned a·fore·men·tioned adj. Mentioned previously. n. The one or ones mentioned previously. aforementioned Adjective mentioned before Adj. 1. acquisition-related expenses in the fourth quarter will adversely impact our results for that period but will minimize the impact of the transaction on our results going forward. It will enable us to enter 1997 positioned to make the acquisition accretive to earnings at the earliest point possible." Cerprobe develops and manufactures products for the high-performance testing of integrated circuits Integrated circuits Miniature electronic circuits produced within and upon a single semiconductor crystal, usually silicon. Integrated circuits range in complexity from simple logic circuits and amplifiers, about 1/20 in. (1. and microelectronics microelectronics, branch of electronic technology devoted to the design and development of extremely small electronic devices that consume very little electric power. components and markets its products worldwide to semiconductor manufacturers. The Arizona-based company operates domestic manufacturing facilities in Arizona Arizona (âr'əzō`nə), state in the southwestern United States. It is bordered by Utah (N), New Mexico (E), Mexico (S), and, across the Colorado R., Nevada and California (W). , California and Texas. The company also operates international subsidiaries: Cerprobe Europe, Limited in Scotland and Cerprobe Asia in Singapore and Taiwan. CONTACT: Cerprobe Corp., Tempe Randal L. Buness, 602/967-7885 or Silverman Heller Associates Eugene G. Heller, 310/208-2550 |
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