July 1, 1997
Unit Instruments Inc. said Monday that it has been selected as the supplier of mass flow controllers to a new venture backed by the semiconductor groups of Siemens Corp. and Motorola Inc. A Unit Instruments spokesman said the company expects to pick up $5 million or more in revenue from the sale and servicing of its products, which control the flow of gases used in manufacturing semiconductor chips.
November 13, 1998 |
Unit Instruments Inc., a Yorba Linda-based maker of computer-chip equipment parts, said it agreed for a second time to reduce the price at which it will be acquired by U.S. Filter Corp. Under the new terms, U.S. Filter, the No. 1 water-treatment company, will pay between $8 and $10 in stock for each Unit Instruments share, or a maximum of about $40 million. That's down from $11.03 in stock for each Unit Instruments share, or $44 million, in the previous agreement, announced Aug. 5.
January 23, 1996
Unit Instruments said it has opened a service facility in Scotland in response to the rapid growth of semiconductor activity there and in northern England. "Several major manufacturers, including Motorola, National Semiconductor and NEC, have expanded their semiconductor fabrication facilities in Scotland," said Gabriel J. Byrne, managing director of Unit Ltd. in Dublin, Ireland. Siemens has announced a $1.5-billion fabrication plant investment for Newcastle, England.
January 12, 1997
Unit Instruments Inc. posted a loss for the second fiscal quarter as sales dropped 48%. The company, which makes products for the semiconductor industry, said the severe downturn in demand for semiconductor equipment affected financial results. Unit Instruments said it lost $2.7 million, or 61 cents a share, for the three months ended Nov. 30, compared with net income of $2.6 million, or 58 cents a share, which included a gain of $1.5 million on the disposal of operations.
August 9, 1998
Unit Instruments Inc., which makes parts for semiconductor manufacturing equipment, said it lost $496,000, or 12 cents a share, for the fiscal fourth quarter, compared with a net loss of $900,000, or 21 cents a share, for the fourth fiscal quarter of 1997. Sales for the quarter ended May 31 declined 2% to $9.4 million from $9.6 million. For the year, the company posted a net loss of $4.6 million, or $1.08 a share, which included a $4.9-million restructuring charge. The company lost $4.
June 30, 1998
Unit Instruments Inc. shares surged 39% after the maker of parts for semiconductor manufacturing equipment said it's in talks to be acquired. Yorba Linda-based Unit Instruments didn't identify the buyer or disclose other details on the proposed transaction. Its shares rose $2.56 to close at $9.13 in Nasdaq trading. Earlier, the stock hit $10.75, its biggest gain since changing its name from Autoclave Engineers Inc. on Nov. 17, 1995. Any sale would need approval from shareholders.