Posted by admin on October 22nd, 2008 at 6:29 pm | Categorized as Affymetrix | Tagged as Affymetrix, Biotechnology, Departures, Promotions
Affymetrix founder and chief executive Stephen P.A. Fodor (pictured) “will begin to transfer his CEO responsibilities to Kevin M. King, president of Affymetrix,” the company announced Wednesday afternoon. Fodor will assume a new role as full-time executive chairman of the company’s board. King will take over the top job on New Year’s Day.
The announcement comes on the heels of preliminary results released last week for its most recent quarter that estimated sales of about Read the rest of this entry »
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Posted by admin on October 14th, 2008 at 5:09 pm | Categorized as Affymetrix | Tagged as Affymetrix, Restructuring
Affymetrix, the Santa Clara maker of consumables for the life sciences and health care industries, has decided to “expand and renovate” its Warrensville Heights facility in Ohio rather than relocate its recently acquired USB subsidiary operations to California. Affymetrix acquired the developer of molecular and biochemical reagents in January with hopes of speeding up development of its genetic analysis product line.
The company had considered moving the USB operations to Read the rest of this entry »
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Posted by admin on October 13th, 2008 at 1:40 pm | Categorized as Affymetrix, Earnings miss, Economic slowdown | Tagged as Affymetrix, Earnings miss, Slowdow
Affymetrix, the Santa Clara maker of consumables for the life sciences and health care industry, said that its preliminary results for its third quarter showed sales of about $75 million, down from the $91.5 million most analysts were expecting. That’s an 18 percent miss, about the same size drop as the company’s stock price today, which fell Read the rest of this entry »
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