ABI Warns of 12 Percent Drop in Instrument Sales for Fourth Quarter 2001 | GenomeWeb

NEW YORK, July 10 - Applied Biosystems said Tuesday that it expects its revenue from instrument sales in the fiscal fourth quarter of 2001 to drop 12 percent to $192 million compared with $217 million in the year-ago quarter.

The company blamed the current economic slowdown for the decrease as well as an instrument glut because its customers bought "record-high" numbers of its instruments in the prior fiscal year.

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