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In brief: Riber, Afonics, Sirenza

Riber's MBE orders increase, Afonics wins multi-million dollar funding, and Sirenza points to the acquisition of ISG Broadband for a fall in quarterly profits.
Riber sees a rise in MBE orders
Despite posting a year-on-year fall in revenue of 22% in 2004, Riber starts 2005 with an order backlog worth €9.9 million ($12.9 million), almost double the €5 million on the books at the beginning of the previous year.

The French supplier of MBE equipment recorded €13.5 million sales for fiscal 2004, comprising three production machines netting €3.8 million, ten research machines contributing €5.9 million, and accessories and spare parts adding €3.7 million.

Year-on-year sales increased by 14% in Europe, but fell by 62% in Asia and 16% in North America.

Afonics targets $100 million sales by 2008
Afonics Fibreoptics, a UK firm created during the restructuring of JDS Uniphase in November 2001, has received multi-million dollar funding from the Bank of Scotland.

The fabless company, which has 85 staff, aligns fiber-optic components for telecoms, test-and-measurement, CCTV, military and avionics applications. Funding will be split between providing working capital and developing components.

Despite the company's relatively small size, it is targeting revenue of $100 million by 2008. "We can't get to that size organically," remarked Afonics director Nick Martin, who revealed that the company intends to grow through acquisitions.

Sirenza's bottom line dips into the red

US-based RF component supplier Sirenza Microdevices netted $15.1 million in sales for the fourth fiscal quarter of 2004, down $1.6 million sequentially but up $1.8 million year-on-year.

Loss for the December quarter, using standard accounting procedures, was $2.6 million, compared with a $1.8 million profit in the prior quarter. However, the latest figure included a charge for $2.2 million for the write-off of R&D costs associated with Sirenza's acquisition of ISG Broadband (see related story).

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