Cohu Sells Metal Detection Business.POWAY, Calif. -- Cohu, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :COHU) today announced that it has sold substantially all the assets, excluding real property, of its metal detection equipment business, FRL FRL - Frame Representation Language. MIT. ["The FRL Manual", R. Roberts et al, AI Memo 409, MIT AI Lab, 1977]. , Incorporated to First Texas Holdings Corporation, for approximately $3.2 million in cash. The sale is expected to result in a pretax loss pretax loss A loss reported before tax benefits are considered. of approximately $0.7 million that will be recorded in Cohu's second fiscal quarter ending June 24, 2006. For the three years ended December 31, 2005, FRL represented 3.5% of Cohu's consolidated sales and generated operating losses operating loss The excess of operating expenses over revenue. As with operating income, operating losses exclude revenues and expenses from operations that are not considered a regular part of the business. Also called deficit. Compare operating income. of $2.3 million. Cohu, through its Delta Design subsidiary, is a leading supplier of test handling solutions used by the global semiconductor industry, as well as a supplier of closed circuit television and microwave communications equipment. For press releases and other information of interest to investors, please visit Cohu's website at http://www.cohu.com. |
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