ABI Warns that Economic Downturn May Impede Short-Term Growth | GenomeWeb

NEW YORK, March 21 – Applied Biosytems said Wednesday that the current economic uncertainty and a stronger dollar could negatively impact its growth prospects for the near term.

“With the uncertainty created by current economic conditions, we see some modest softening in the current quarter, and the order pattern as we see it today suggests that in the subsequent few quarters our short-term growth rate may be one-half to two-thirds of our long-term target,” Michael Hunkapiller, president of Applied Biosystems, said in a statement.

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