May 30, 2006 > Asyst posts $2M profit, COO to leave
Asyst posts $2M profit, COO to leave
East Bay Business Times, May 9_Asyst Technologies Inc. reported $2 million in fourth-quarter net income and said its chief operating officer is leaving the company to pursue other interests.
The company reported its second consecutive quarterly profit, at $2 million, or 4 cents a share, down from a third-quarter profit of 3 million, or 6 cents a share, but up from a loss of $1.8 million, or 4 cents, a year ago. Its revenue declined 23 percent year-to-year to $110.7 million.
Warren Kocmond has been senior vice president of operations and COO with the Fremont-based company (NASDAQ: ASYT) for two years.
Asyst, which provides integrated automation products for semiconductor and flat-panel display manufacturing, said Kocmond will remain through the end of May to help with the transition of his responsibilities to other operations management. The company said it does not plan to seek a replacement in the position.