Wednesday, July 5, 2006

Applied Precision Files For IPO

Issaquah, Washington-based Applied Precision has filed for an IPO, saying Friday that it is looking to raise up to $57.5M in an IPo on the Nasdaq. Applied reported earnings of $275K on revenues of $45.7M in 2005; for its latest quarter, the company reported net income of $244,000 on revenues of $9.6M. Applied is a provider of automated metrology and inspection tools for the semiconductor industry. The company is looking to trade under the symbol "APLI".