Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Azenta -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (739)	2/4/2003 8:29:14 PM
From: SemiBull	Read Replies (1) \| Respond to of 1138

Brooks-PRI writes down value of Shinsung warrants Tuesday February 4, 9:44 am ET CHELMSFORD, Mass., Feb 4 (Reuters) - Brooks-PRI Automation Inc. (NasdaqNM:BRKS - News) said on Tuesday it will record an $11.5 million charge to write down the carrying value of warrants to buy about 4 million shares of Korea's Shinsung Engineering Co. Ltd. (KSE:11930.KS - News) The company, which makes tools used to move components around microchip factories, said it had sold back the warrants to Shinsung last month for $500,000. The warrants had originally been acquired by PRI Automation before it merged with Brooks Automation. The impairment charge reflects a write-down of the carrying value of the assets, which had been determined using the Black-Scholes valuation model. The charge will increase the net loss for the company's already reported fourth quarter by $11.8 million, the company said.