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Product category: DC/DC Convertors
News Release from: Emerson Network Power - Embedded Power
Edited by the Electronicstalk Editorial Team on 30 January 2004

New technologies bring Artesyn back from
brink

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Artesyn Technologies has reported financial results for the fourth quarter and year ended 26th December 2003.

Artesyn Technologies has reported financial results for the fourth quarter and year ended 26th December 2003 Sales reported for the fourth quarter of 2003 were $99.3 million compared with $83.4 million for the same quarter last year

Net income for the fourth quarter was $1.2 million, or earnings per share of $0.03, compared with a net loss of $35.6 million, or $(0.93) per share for the fourth quarter a year ago.

Restructuring charges incurred in the fourth quarter of 2003 were $0.5 million ($0.01 per share), net of tax benefits, compared with restructuring and other charges of $29.9 million ($0.78 per share), net of tax benefits, for the same period last year.

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