View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
February 14, 1997updated 05 Sep 2016 12:45pm

XEROX PULLS PLUG ON GALILEO OEM DEAL

By CBR Staff Writer

Sturbridge, Massachusetts-based Galileo Corp is reeling after receiving written notification from its largest customer, Xerox Corp, that Xerox has developed internal production capabilities for dicorotron assemblies and will no longer buy them from Galileo. The assemblies accounted for about $20.4m or 48% of Galileo’s sales for fiscal 1996, and about $3.8m or 39% of Galileo’s sales for the quarter ended December 31. Reduced revenues from the product will materially adversely affect Galileo’s financial performance for at least the balance of fiscal 1997. Galileo makes products applying its core fiber optic and electro-optic technologies for applications in office equipment, analytical instruments, process analysis, telecommunications and medical instruments.

Content from our partners
Green for go: Transforming trade in the UK
Manufacturers are switching to personalised customer experience amid fierce competition
How many ends in end-to-end service orchestration?

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU