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Adept Technology Revises Guidance, Announces Strategic Actions
September 27, 2002 |Estimated reading time: Less than a minute
Over the past year, Adept has reduced expenses in response to the significant downturn in the economy. However, the downturn does not appear to be over and in order to service the needs of its customers, Adept must maintain a costly global infrastructure. Adept has engaged Broadview International to assist us in evaluating our current business and strategic focus as well as to assess possible partners that would be synergistic when combined with Adept. The objective of a potential partnership would be to create an entity with a revenue base and the financial strength to more efficiently compete in the worldwide marketplace.
Quebec City -- EXFO Electro-Optical Engineering Inc. has recorded sales growth for a second consecutive quarter following the release of fourth quarter and fiscal 2002 financial results.