The Electronics Division had sales of
The company is updating its guidance for the second quarter of 2014 as
follows: Sales of
Forward Looking Statements:
Certain matters discussed in this release, including statements
concerning the expected transaction completion date, pretax gain, and
second quarter 2014 orders and financial results are forward-looking
statements that are subject to risks and uncertainties that could cause
actual results to differ materially from those projected or forecasted.
Such risks and uncertainties include, but are not limited to, timely
satisfaction of the closing conditions and completion of the
aforementioned transaction, inventory, goodwill and other intangible
asset write-downs; our ability to convert new products under development
into production on a timely basis, support product development and meet
customer delivery and acceptance requirements for next generation
equipment; our reliance on third-party contract manufacturers; failure
to obtain customer acceptance resulting in the inability to recognize
revenue and accounts receivable collection problems; customer orders may
be canceled or delayed; the concentration of our revenues from a limited
number of customers; intense competition in the semiconductor test
handler industry; our reliance on patents and intellectual property;
compliance with U.S. export regulations; and the cyclical and
unpredictable nature of capital expenditures by semiconductor
manufacturers. These and other risks and uncertainties are discussed
more fully in
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For press releases and other information of interest to investors, please visit Cohu’s website at www.cohu.com.
Source:
Cohu, Inc.
Jeffrey D. Jones - Investor Relations
(858) 848-8106