The Nasdaq Listing Qualifications Panel has determined that the listing of Israeli Camtek’s ordinary shares will be transferred from the Nasdaq National Market to the Nasdaq SmallCap Market effective the open of business on February 5. The Company's ordinary shares will continue to trade under the symbol CAMT.
Camtek's continued listing on The Nasdaq SmallCap Market is contingent upon the successful completion of an application and review process. This process will require the company to file a transfer application to the Nasdaq SmallCap Market and to pay all initial listing fees.
Camtek further announced that it is updating its guidance for the fourth quarter of 2002. According to the new guidance, revenues for the fourth quarter are expected to total between $4.2-4.6 million. Camtek's previous guidance forecasted five to seven million dollars.
Camtek designs, develops, manufactures, and markets technologically advanced and cost-effective intelligent optical inspection systems and related software products, used to enhance processes and yields for the printed circuit boards, semiconductor packaging and microelectronics industries. — (menareport.com)
© 2003 Mena Report (www.menareport.com)
