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Technology / AI and automation

SEEQ TECHNOLOGY TURNOVER AND PROFITS FALLS

Seeq Technology Inc, San Jose warns that turnover and profits for the quarter to December 25 will be below those reported for the previous quarter – and below analysts’ estimates: the company did $2.3m net on sales of $15.6m for the period to September 25, and blames the decline on poor wafer fabrication productivity and misprocessing of product critical to the last quarter figures; the company provides a little cheer by saying that orders for the quarter were at a three-year high, with much of the order strength in the newer CMOS lines.

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