Barco suffers sales slowdown
Shares in Barco, the Belgian display-hardware maker, have lost almost a third of their value in the last week after the company's second-quarter results showed plunging income.
Net income in the three months to the end of June dropped 68 percent to €4.61m ($7.26m), thanks partly to diminished sales and lower prices of video walls and digital billboards.
However, the company says it was clearing old stock to make way for new products, and expects a stronger third quarter after they started shipping at the end of June. Barco's order book at the close of the month was slightly up on its June 2007 level.
Barco, which expects to lay off workers, is traded on the Euronext exchange under the ticker symbol BAR.
As well as digital signage, the company is active in the security, medical imaging, simulation, and digital-cinema markets.
www.barco.com
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