[August 16, 2007] Nanometrics To Shut Down Milpitas Machine Shop Tweet (InvesTrend Via Thomson Dialog NewsEdge) August 17, 2007 (FinancialWire) Nanometrics (NASDAQ: NANO) said that it will close its integrated machine shop in Milpitas as part of its ongoing cost cutting measures. Other companies in the sector include Veeco Instruments (NASDAQ: VECO), Ultratech Inc. (NASDAQ: UTEK), and Harris & Harris Group (NASDAQ: TINY). The company, which designs and markets process control metrology systems for chip making, said that it will record a $4 million restructuring charge in the third quarter due to the closure. Nanometrics did not say how many jobs would be lost from the move. According to CEO Bruce C Rhine integrated machining facilities have not added value to the company s overall business, making it necessary to close the plant. Nanometrics Inc. is a component of the International Security Exchange-Cronus Capital Market (ISE-CCM) Nanotechnology Index. Complete information is available from the ISE-CCM page at http://www.ccmopportunitybase.com. For up-to-the-minute news, features and links click on http://www.FinancialWire.net FinancialWire is an independent, proprietary news service of Investrend Information, a division of Investrend Communications, Inc. It is not a press release service and receives no compensation from any company for its news or opinions. Other divisions of Investrend, however, provide shareholder empowerment platforms such as forums, independent research and webcasting. For more information or to receive the FirstAlert daily summary of news, commentary, research reports, webcasts, events and conference calls, click on http://www.investrend.com/contact.asp For a free annual report on a company mentioned in the news, please click on http://investrend.ar.wilink.com/?level=279 To become an investor monitor of independent research for a company in which you are invested, go to the not-for-profit Shareholders Research Alliance, Inc. website by clicking on http://www.shareholdersresearch.com/ The FinancialWire NewsFeed is now available in multiple formats to your site or desktop, free. Click on: http://www.investrend.com/XmlFeeds?level=268 (Distributed for Investrend Communications, Inc. via M2 Communications Ltd (www.m2.com)) Copyright 2007 M2 Communications Ltd. [ Back To TMCnet.com's Homepage ]