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AUGUST 2000 INDUSTRY NEWS

The ISO Survey reveals biggest-ever rise in ISO 9000 and ISO 14000 certifications

August 29, 2000 - The ninth cycle of The ISO Survey – for 1999 – reveals that certifications of conformity to the organization’s ISO 9000 (quality) and ISO 14000 (environment) management system standards have experienced their biggest-ever annual increases.

As a companion to the survey which, as in previous years is provided free as an information service, ISO (International Organization for Standardization) is also offering against payment an electronic version that for the first time includes industry sector breakdowns on a country-by-country basis.

At the end of 1999, the number of ISO 9000 certificates issued worldwide totalled 343 643. This was an increase over the previous year of 71 796 – 26,40 % – the highest recorded since the survey was launched in 1993. (The ISO 9000 series was first published in 1987; no worldwide statistics exist for the early years up to 1993.) Download the Survey (PDF format, 560 kilobytes) The number of new ISO 14000 certificates issued worldwide in 1999 was 6 219 – an increase of 78,85 % – bringing the total to 14 106.

 

NCSL Announces New NIST Representative to the Board

August 25, 2000 - The National Conference Of Standards Laboratories Board of Directors welcomes Dr. Rich Kayser, Director, Technology Services at NIST as the NIST Representative to the Board. Dr. Kayser is the Director of Technology Services. The Technology Services group is one of the eight Measurement and Standards Laboratories at NIST. Technology Services supports the NIST Laboratories in the provision of calibrations, Standard Reference Materials, and Standard Reference Data; in the development of formal partnerships between other organizations and NIST; in the management of intellectual property; and by providing a variety of information services.

For further information contact NCSL International at: 1800 30th Street, Suite 305B, Boulder, Colorado 80301-1026 Tel: (303) 440-3339 Fax: (303) 440-3384 info@ncslinternational.org

 

New Paper Explains Calibration Service for Excimer Lasers

August 24, 2000 - A new technical paper from NIST goes into detail on the design of the 193 nm primary standard, complete with schematics and graphs. At the present time, NIST is the only national laboratory in the world to offer excimer laser power and energy calibration services. Last year, NIST announced it had developed a new service to calibrate argon-fluoride excimer lasers for power and energy. ArF lasers, which produce pulsed, ultraviolet radiation at a wavelength of 193 nanometers, are commonly used to correct vision impairments. These corneal sculpting techniques are known as photorefractive keratectomy and in situ keratomileusis (PRK and LASIK respectively). The lasers also are used in the computer industry for high-resolution photolithography to manufacture faster microprocessors and larger memory chips.

To obtain a copy of paper no. 36, "Calibration Service for Excimer Lasers," contact Sarabeth Harris, NIST, MC 104, Boulder, Colo. 80305-3328; (303) 497-3237.

 

Transmation Inc., introduces Palm-based family of calibrators and Documenting Calibrators; worlds first Personal Digital Assitant-based calibration instruments

Rochester, NY, August 22, 2000 - Transmation, Inc., a leading business-to-business distributor, servicer and manufacturer of test, measurement and calibration instrumentation used in industrial markets, today introduced the world's first personal digital assistant (PDA) based family of calibrators and documenting calibrators - PDA Calibrators™ - utilizing the Palm OS® computing platform. The new hand-held line of calibrators will be on display at the Instrument Society of America's (ISA) ISA EXPO/2000, The International Conference EXPOsition for Advancing Instrumentation, Systems and Automation Professionals, to be held in New Orleans on August 21st through August 24th .

Six PDA Calibrators are being introduced by Transmation, Inc., at ISA 2000 for mA/pressure, mA, voltage, thermocouple, RTD and frequency. The full line of PDA Calibrators will be available Mid-September and are priced from $649 to $949, not including the PDA. The PDA Calibrator (approximately 4 inches wide, 7 inches long and 1 inch thick) acts as a docking station for the Palm. Transmation also announced that it will distribute Palm PDAs in order to offer its customers a single-source supplier for integrating PDA-based calibration into their enterprise.

Mr. Robert G. Klimasewski, President and Chief Executive Officer of Transmation, Inc., stated: "We are very excited to announce our new line of Palm calibrators, the first PDA-based calibration instruments in the world."

Transmation's PDA Calibrators feature an easy to navigate LCD touch screen interface. This common user interface platform allows all controls to be handled through the LCD touch screen, eliminating the usual array of buttons and knobs that traditional hand-held calibrators require for operation. This interface also allows for quick training time. The Palm HotSync® technology provides a fast and simple link to share data and files with the desktop. The PDA Calibrators are offered in non-documenting and documenting versions.

Transmation's PDA Calibrators combine both source and read functions, with accuracy comparable to Transmation's traditional calibration products. As documenting calibrators, these PDA Calibrators represent a simple, low-cost entry point into documenting calibration. Unlike existing documentation systems, Transmation's PDA Calibrators automatically build a device database in the field with each new calibration, eliminating the time-consuming need to pre-populate a database prior to performing work. The system has been designed to integrate seamlessly with a plant's existing maintenance practices and systems.

Transmation Series 3 PDA Calibrators are currently compatible with all Palm III series PDAs with 2 MB of RAM. The Company also expects to introduce additional PDA Calibrators that are compatible with other Palms and other PDAs, such as the Handspring Visor, in the near future.

Mr. Klimasewski continued: "This is another example of Transmation applying cutting-edge technology to finding new ways to improve our customers efficiency. Our customers are looking for ways to keep their factories running at high levels of productivity and we believe our new line of PDA Calibrators and the gathering and sharing of calibration data should help in their efforts. They allow a technician on the plant floor to gather, evaluate and share information company-wide and even worldwide with unparalleled ease reducing labor time and enhancing performance."

To document a calibration, the technician first enters information on the device to be calibrated into the PDA using the pen/stylus (or selects a pre existing device record). Instrument ID and input/output information can be entered along with the identity of calibrator(s) being used. Measurement data can be read directly from the calibrator's source/read circuits, or entered manually, again via the stylus. The PDA software can even be used without the calibrator attached to document non-electronic calibrations such as scales and gas analyzers.

As work is completed, users record the calibration information and upload it to their desktop via the HotSync function. This creates a permanent electronic record and offers a variety of printed records including a certificate of calibration. The desktop application has been developed using Microsoft Access, making it easy for users to access files in other applications.

Frank van Vliet, Vice-President of Transmation, Inc., stated: "Transmation's market research shows that field calibration record keeping is one of the challenges still facing many facilities. While most plants have a CMMS, which handles calibration scheduling, most technicians still carry pen and paper to the field. Recording and storing the data remains a labor intensive, redundant exercise that could benefit from the marriage of PDA and calibration technology. The pen input and HotSync capability is coupled with a new desktop application developed by Transmation to create this new class of documenting calibrator.

"The technicians using our PDA Calibrators, in addition to the use of the calibrating function, have the full functionality of the PDA allowing them to plan their work schedules and appointments and download compatible third-party software, such as conversion and electrical calculators and look-up tables, helping to enhance their overall daily productivity."

The Palm OS® is the standard for handheld computing, a new form of computing focused on helping people manage and access information at any time, in any location. Palm OS handheld devices are becoming the way that everyone manages personal information, accesses and enters corporate data, and mines the richness of the web.

 

Agilent Technologies reports Q3 EPS of 33 cents

PALO ALTO, Calif., August 17, 2000

Agilent Technologies Inc. (NYSE: A) today reported that orders increased 44 percent, and net revenue increased 28 percent in fiscal 2000's third quarter, which ended July 31. Net earnings, which reflect the costs of branding and operating independently, grew 15 percent, and earnings per share were 33 cents.

"This quarter Agilent achieved record orders and revenue," said Ned Barnholt, president and chief executive officer of Agilent. "We continue to work closely with our customers to build next-generation wireless, optical and data networks. Eighty percent of Agilent's orders and revenue this quarter came from our communications and electronics businesses, where orders grew 62 percent, and revenue increased 44 percent. These growth rates have accelerated despite this quarter's tougher compare. Our biggest challenge is to ramp capacity to meet this unprecedented demand."

In the third quarter, total orders were $3.2 billion, an increase of 44 percent over the same period last year. Orders from the United States totaled $1.5 billion, an increase of 45 percent over last year's third quarter, while orders from outside the United States were $1.7 billion, up 42 percent over the same period a year ago. Net revenue rose to $2.7 billion, up 28 percent over the third quarter last year. Compared to the second quarter of fiscal 2000, net revenue rose by $185 million or 7 percent.

Net earnings for the third quarter rose 15 percent to $155 million, compared with $135 million in the same period last year. This quarter's net earnings were 5.8 percent of revenue. For the third quarter of fiscal 2000, Agilent's earnings from operations were $210 million, 7.9 percent of net revenue, up 8 percent compared with earnings from operations of $195 million or 9.3 percent of net revenue in the third quarter of fiscal 1999.

Business Summary - Test and Measurement: Orders in test and measurement increased to $1.9 billion in the third quarter of fiscal 2000, up 63 percent over the comparable period in fiscal 1999. Net revenue rose 51 percent to $1.5 billion. Earnings from operations in test and measurement increased to $162 million, compared with earnings from operations of $122 million in the same period a year ago.

Orders in semiconductor test increased 83 percent this quarter and reached an all-time high for the third consecutive quarter, while revenue from the semiconductor test business rose 125 percent. Revenue from system-on-a-chip, flash memory test, and services and support all achieved triple-digit increases over the same period last year.

Orders in test-and-measurement's communications business, which addresses the fast-growing optical, wireless and data-networking markets, increased 69 percent this quarter, and revenue increased 65 percent year over year. In the general-purpose area of test and measurement, orders increased by 39 percent year-over-year, and revenue grew 8 percent year over year. Electronics-manufacturing test did extremely well this quarter as contract manufacturers added capacity to meet demand.

Information about Agilent Technologies can be found on the Web at http://www.agilent.com/.

Temperature Transmitter Users Move to Smarter Products

August 14, 2000

A market research study from Flow Research and Ducker Worldwide reports end-users of temperature transmitters are making the shift to smarter products. The study, which was released in January 2000, is entitled The Market for Temperature Sensors and Transmitters in the Americas. It finds that smart and high-tier temperature transmitters now account for a majority of temperature transmitter revenues. In terms of units, however, the combination of low-cost, analog, and programmable temperature transmitters still outnumbers the combination of smart and high-tier temperature transmitters. Smart transmitters are microprocessor-based and capable of two-way communication. High-tier transmitters are ones that accept more than one temperature sensor input, and have a higher degree of accuracy than smart transmitters.

Contacts: Jesse Yoder, Flow Research: 781-224-7550 (jesse@flowresearch.com)
Nick Limb, Ducker Worldwide: 800-929-0086 (nickl@ducker.com)

 

MKS Instruments Completes Spectra International Acquisition

August 14, 2000

MKS Instruments, Inc., a leading supplier of gas measurement, control and analysis products used in semiconductor and other advanced thin-film manufacturing processes, announced today that it has completed its previously announced acquisition of Spectra International, a privately held company with products and technology in process monitoring.

John Bertucci, Chairman and CEO of MKS said, ``The Spectra product line complements MKS' process monitoring capabilities, and extends our capabilities in optical technology and software to monitor process tool sensors. The acquisition is further enhancement of our technological leadership, broad product portfolio and global infrastructure.''

The products of both companies have been combined into the MKS Instruments Spectra Products group headed by Spectra's founder, Michael Dent. The group's focus is to provide customers with the most complete, easy-to-use and cost effective set of process monitoring tools available in the industry.

ANSI Invites Participation in US/TAG for ISO Committee on Developing Country Matters (DEVCO)

August 3, 2000:

In an announcement to members earlier today, the American National Standards Institute (ANSI) announced an invitation for participation on the U.S. Technical Advisory Group (TAG) for the ISO Committee on Developing Country Matters (DEVCO).

The mission of DEVCO is to identify the needs and requirements of the developing countries in the fields of standardization and related areas (i.e. quality control, metrology and certification, etc.) and to assist the developing countries, as necessary, in defining these needs and requirements. Having established these needs and requirements, to recommend measures to assist the developing countries in meeting them. To provide a forum for the discussion of all aspects of standardization and related activities in developing countries, and for the exchange of experience among the developed and developing countries, as well as among developing countries. This should be done in close liaison with the specialized agencies of the United Nations, IEC, and the other ISO policy development committees.

To date, ANSI has been well represented in ISO DEVCO by Ms. Carmina Londono of the National Institute of Standards and Technology (NIST), who is supported by a very small US/TAG on this subject. ANSI's International Committee (IC) decided that ANSI's membership should again be contacted to solicit additional people interested in serving on the US/TAG for this important effort. This US/TAG generally conducts its work via e-mail, and while there are no specific fees charges for participation on this US/TAG, the IC will generally require the members of it to be employed by entities that are members of ANSI.

For more information, or to become a U.S./TAG member, please contact Steven P. Cornish, ANSI program manager of international policy, by Friday, September 8, 2000. Mr. Cornish may be reached by phone at 212.642.4969 or by e-mail: scornish@ansi.org.

ISO Increases Public Involvement In Standardization

August 14, 2000

ISO increases public involvement in standardization through Web-posted business plans

ISO, the International Organization for Standardization, has announced an opportunity for both the general public and special interest groups to influence the direction of hundreds of International Standards.

In an effort to increase efficiency and make full use of its human, technological and financial resources, ISO has opened its business planning process to public scrutiny and comment. The business plans, which guide the standards’ development work of nearly 200 ISO technical committees, will analyze conditions and trends in the market sector served by these technical committees and will explicitly link work programs with sector needs. This will generate priorities for which standards are needed, target dates for their completion and resources needed to do the job. In this manner, ISO will cut down on wasted resources that are expended developing standards for which there is little need.

The ISO Business Plans are freely available for online viewing and comment via the ISO Online website (http://www.iso.ch/bp).

Laboratory Calibration Work Group

August 14, 2000

The Automotive Industry Action Group's (AIAG) web site reports the AIAG/PRI Second-Party Calibration Program, 2pCP, is being developed to support QS -9000 Quality System Requirements Third Edition, element 4.11.2b.1.2pCP is an OEM-approved second-party assessment process. Upon successful completion of the training and exam, auditors will be able to conduct 2nd party compliance audits of their calibration sources to the intent of ISO/IEC Guide 25. The 2pCP Registry will list the compliant calibration labs. Two pilot training sessions have been successfully completed. For details, contact Stacy Oxley, (248) 358-9762 or e-mailsoxley@aiag.org .

 

Agilent Technologies Expands Wireless Voice and Data Test Solutions, Services with Safco Acquisition

August 14, 2000

Agilent Technologies Inc. (NYSE: A) today announced the completion of its acquisition of SAFCO Technologies, a subsidiary of Salient 3 Communications Inc. (Nasdaq/NMS: STCIA). The two companies signed the initial agreement in early May. The price of the acquisition is approximately $120 million in cash.

The acquisition allows Agilent to provide end-to-end solutions to wireless service providers that will assist in planning, installation and analysis of their next-generation (2.5 and 3G) networks. These solutions are key in enabling service providers to deliver wireless voice and data/Internet services such as wireless e-mail, stock quotes and trades, and other mobile commerce applications.

SAFCO has 225 employees and has operating sites in Chicago; Melbourne, Fla.; Helsingborg, Sweden; and nine international sales offices. SAFCO will be incorporated into the Wireless Network Solutions Product Generation and Market Solutions units of Agilent's Electronic Product Solutions Group.

Information about Agilent's wireless solutions can be found on the Web at www.agilent.com/find/wireless. Information about SAFCO is available at www.safco.com.

 

FARO Achieves ISO/IEC Guide 25 Accreditation
LAKE MARY, Fla., - August 10 - FARO Technologies, Inc. (Nasdaq: FARO) has recently achieved accreditation to ISO/IEC Guide 25 for Calibration and Certification of Measuring and Test Equipment. Performed by Bureau Veritas Quality International (BVQI), the ISO/IEC Guide 25 accreditation is in addition to FARO's existing ISO 9001 Registration. In order to achieve accreditation, FARO's calibration and certification areas, certification documents, technicians, training and procedures met the stringent guidelines required by an independent auditor. As a world leader in CAM2 (Computer-Aided Manufacturing Measurement), FARO Technologies seeks to maintain the highest quality standards for its services.

"In obtaining Guide 25 certification, we are on the leading edge in response to the manufacturing industry's requirement that sub-tier manufacturers test their products using accredited laboratories," said Simon Raab, President & CEO of FARO Technologies, Inc.

ISO 25 certifies that FARO's internal calibration and testing procedures meet the same standards required of independent laboratories. FARO believes that in-house calibration and testing improves our response to customers while maintaining the highest standards to guarantee product accuracy and repeatability.

"This will also permit the continued smooth flow of our products across international borders where ISO certification is demanded by most customers, not just the large automotive companies. I am pleased that we were able to obtain this certification with our existing calibration and certification procedures, at no additional cost to the company," concluded Raab.

 

TestMart™ to Supply Change.com Users With Access to Test & Measurement Product Databases
SAN BRUNO, Calif. - August 7, 2000 - TestMart, the leading information and commerce marketplace in the test and measurement (T&M) industry, is partnering with Change.com, a business-to-business Internet community, to link professional buyers to TestMart's T&M product and information databases. The partnership will enable Change.com visitors searching the site for products in the "measuring and test instrument" category to identify products and purchase them by linking to TestMart.

"Partnering with Change.com is an important step in broadening our reach and reinforcing our preeminence as the online T&M source," said TestMart President and CEO Peter Ostrow. "By offering our selection of test and measurement products at Change.com, we're reaching a wider group of purchasing professionals through a comprehensive, dedicated business-to-business channel."

"TestMart is a perfect complement and a great asset to Change.com as we seek to make business-to-business purchasing a more streamlined, and efficient process," added Jim Moriarty, founder and CEO of Change.com. "As the leading online source for T&M commerce and information, we are confident TestMart will supply our users with the T&M instruments they need fast and at a competitive price."

Change.com provides purchasing professionals with the information they need to find the right products and suppliers quickly and easily. The site offers ratings from independent firms and from buyers' personal experiences to help customers find the best source for any product.

 

Transmation, Inc. in Joint Venture with Hilton Engineering, Inc., Opens New Calibration Lab in San Juan, Puerto Rico
ROCHESTER, NY - August 3, 2000 - Transmation, Inc. (Nasdaq: TRNS), a leading business-to-business distributor, servicer and manufacturer of test, measurement and calibration instrumentation used in industrial markets, today announced that it has opened a calibration lab in Puerto Rico in partnership with Hilton Engineering, Inc., its long-time sales representative in Puerto Rico.

"We believe the market for certified calibration services in Puerto Rico, a market dominated by pharmaceutical concerns, is substantial", said Mr. Robert G. Klimasewski, President. "At present, businesses in Puerto Rico have to send their instruments off island to obtain ISO and A2LA certified repair and calibration services. Transmation currently does substantial sales volume in Puerto Rico sending equipment to our New Jersey facility. By placing a facility in Puerto Rico, Transmation and its partner, Hilton Engineering, will be able to provide customers faster turnaround and therefore improvements in operating efficiencies."

Transmation will provide all technical management, supervision and training for the operation as well as customer access to its CalTrakŇ instrument tracking system. Hilton Engineering, with its extensive local market knowledge, will provide all sales and marketing services to the new venture which has been named Transcat-Hilton Calibration Services, Inc.

 

Transmation, Inc. Reports Fiscal 2001 First Quarter Results
ROCHESTER, NY - JULY 31, 2000 - Transmation, Inc. (Nasdaq: TRNS), a leading business-to-business distributor, servicer and manufacturer of test, measurement and calibration instrumentation used in industrial markets, today announced financial results for its first quarter ended June 30, 2000. Transmation reported it had earned $29,624, or $.01 per share, on sales of $18,800,000. For the quarter ended March 31, 2000, the Company reported a loss of $52,684, or $0.01 per share, on sales of $20,349,965. Fiscal 1999 first quarter results were net income of $290,184, or $.05 per share, on sales of $20,389,000.

Mr. Robert G. Klimasewski, President and Chief Executive Officer of Transmation, Inc., stated: "I am proud to report that we successfully returned Transmation to profitability in the fiscal 2001 first quarter in keeping with our commitment to our shareholders made in February, 2000. During the past five months, we took aggressive actions to reduce costs, restructure our inventory management procedures and optimize our product sales and marketing efforts, all of which are continuing. Going forward, we intend to maintain profitable future growth by using coordinated efforts to take advantage of our strong direct sales, direct marketing and Internet capabilities, each of which should leverage our product distribution and product service capabilities."

Mr. Klimasewski continued: "Last year's first quarter benefited from our being able to ship more than $1,200,000 of backlog that had resulted from our Metermaster acquisition. Additionally, in the quarter ended June 30, 2000, we invested an additional $225,000 in the continued development of our MetersandInstruments.com e-commerce site. We made no similar investment in e-commerce in the comparable quarter last year. "We also implemented fiber optics instrumentation testing capability in our New Jersey Cal Lab and will consider outfitting additional labs with that capability as the markets warrant; we have improved production capabilities in our meter modification business to enable us to better serve customers in that market; we have identified several supply contract opportunities in our Transcat business and have already signed one of them."

 

Brown & Sharpe Announces Second Quarter Earnings
NORTH KINGSTOWN, R.I.--Aug. 1, 2000--Brown & Sharpe Manufacturing Company (NYSE:BNS) today announced a net loss for the second quarter of 2000 of $15.3 million ($1.11 per share) on sales of $70.6 million. This compared to a net loss, including a restructuring charge of $9.5 million, of $8.6 million ($.63 per share) on sales of $81.7 million for the same period in 1999. The 2000 net loss includes nonrecurring charges amounting to $11.8 million relating to asset write-offs for its Electronics Division, which will be disposed of later in 2000, as well as fees related to the Company's refinancing efforts.

Sales in the second quarter of 2000 decreased $9.1 million and $1.8 million for the Measuring Systems ("MS") and Precision Measuring Instruments ("PMI") Divisions, respectively, compared with the same quarter in 1999. $3.7 million of the decrease in sales is due to the effect of foreign currency translation. MS sales in 2000, after adjusting for the effect of foreign currency, are 11% lower than 1999 due to lower sales in the Aftermarket Services Business that was offset slightly by increased machine sales. A significant portion of the lower PMI sales was due to the effect of foreign currency translation.

Kenneth N. Kermes, Brown & Sharpe's President and Chief Executive Officer said, "We are encouraged by the response to the Board of Directors' decision to pursue all strategic alternatives to enhance shareholder value. We are moving aggressively with the assistance of Chase Securities Inc. to identify a high-priority path to the resolution of our capital structure issues."

 

Agilent Technologies expects third-quarter earnings to fall short of expectations
Agilent Technologies Inc. (NYSE: A) today said it expects earnings to fall short of the consensus estimate of 35 cents per share for the company's third quarter, which ends July 31, 2000. Agilent will announce complete third-quarter results on August 17, 2000.

The company said demand for its products and services in the communications marketplace continues to be extremely strong. This demand is fueling excellent overall order growth in the company's test-and-measurement and semiconductor-products businesses. Capacity constraints and parts shortages, however, are preventing Agilent from ramping shipments as fast as incoming orders. Because of parts shortages in the test-and-measurement business, the company said it is falling short of its revenue and profit plan, particularly for RF and microwave products.

Continued weakness in the healthcare-solutions business as well as softness in chemical analysis are also contributing to the anticipated shortfall.

Agilent said it now expects earnings per share (EPS) for the quarter to be between 18 and 22 cents on a basic and diluted basis. This compares with EPS of 36 cents on a basic and diluted basis in the same quarter last year and 37 cents and 36 cents, respectively, in the prior quarter. Earnings across the company this year are impacted by the planned costs of operating independently. Basic earnings per share are calculated using weighted average shares outstanding. Diluted earnings per share also include the dilutive impact of outstanding Agilent options.

"We're very frustrated because we're not fully satisfying the unprecedented demand in our communications businesses," said Edward W. (Ned) Barnholt, president and chief executive officer of Agilent. "People throughout the organization are working very hard to ramp shipments, but with less than two weeks left in the quarter and the difficulties in obtaining critical parts, it's clear that revenue will come in below plan."

The company said demand in the healthcare-solutions business remains weak, particularly in the U.S. patient-monitoring market. New products in cardiology imaging are slightly offsetting this weakness. The healthcare-solutions business is likely to post an operating loss for the quarter that is at least equal to last quarter's operating loss of $30 million.

"Results in our healthcare business are simply unacceptable," said Robert R. (Bob) Walker, executive vice president and chief financial officer. "Overall market demand continues weaker than we anticipated, and we're not expecting near-term improvement in market conditions. While we've taken some actions already, it's clear that additional actions are required, and we'll be making announcements in this area in the next few weeks."

The company said growth in its chemical-analysis business is below expectations, and that the business is likely to post a modest operating loss for the full quarter. Agilent's core business in this segment is running below plan, but the company continues to be encouraged by the initial demand for its new bioscience products.

"Overall, this quarter's results are very disappointing," said Walker. "As a result of the initiatives we have underway to increase our shipments and to balance expenses with revenue, we expect our results will improve in the fourth quarter. At this point, we feel comfortable with the consensus estimates of 39 cents for our fourth quarter, and we think there may be some upside potential depending on parts availability."

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