Zygo Plans To Merge With Oregon Company

Zygo Plans To Merge With Oregon Company

There are 5 comments on the Hartford Courant story from Dec 17, 2008, titled Zygo Plans To Merge With Oregon Company. In it, Hartford Courant reports that:

When it comes to measuring materials thinner than a hair follicle, bigger, it turns out, is better - at least for the companies making the measuring tools.

Join the discussion below, or Read more at Hartford Courant.

Since: Apr 08

Coventry, CT

#1 Dec 18, 2008
Didn't Zygo have layoffs earlier this year? Seems to me this may be the way to save this company.
lokel yokel

Rocky Hill, CT

#2 Dec 18, 2008
Save the company? Look at the balance sheet and you will see a relatively healthy picture. According to the documents, the company has no debt a laod of patents and over $50 million in cash and marketable securities as of the end of the last quarter.
Will there be challenges of the marketplace that may impact their profitability in the short term? Certainly! Will these challenges result in layoffs? Quite possibly, as with many other companies. I believe Zygo may have had a 5% reduction in workforce over the past year and a half during which it also bought back approx $20 million of stock. I believe the other company had reduced their workforce by 12-15% and probably will have to reduce it further based upon the comments from their past conference calls.

I was not aware a lawsuit by shareholders was in play. I wish the reporter had provided more information about the reasons and the status for the suit that was mentioned. I also note that Zygo shareholders will own 40% of the shares of the merged company BUT they will only have 3 representatives of the 11 member of the Board of Directors which is closer to 27%.

Does this merger make sense? Not yet to me.

Since: Apr 08

Coventry, CT

#3 Dec 19, 2008
Zygo let go more than 5% this year. Or at least the CT building had more than 5% let go.
Da Boss

United States

#4 Dec 19, 2008
Jeb62 wrote:
Zygo let go more than 5% this year. Or at least the CT building had more than 5% let go.
sound like they got rid of the deadwood.

Since: Apr 08

Coventry, CT

#5 Dec 22, 2008
Not at all... cuts went deeper than that.

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