Article: Photon Dynamics Announces Reduction in Work Force.

Savings From Integration Restructure, Manufacturing Outsourcing and Sales And

Service Efficiencies

SAN JOSE, Calif., Sept. 26 /PRNewswire/ --

Photon Dynamics, Inc. (Nasdaq: PHTN) a leading supplier of integrated yield management solutions for the display, electronics, and glass markets, today announced that it will reduce its global work force by approximately 15 percent to address cost savings from integration restructuring. The reductions will occur primarily in development and manufacturing locations. The company will record a restructuring charge in the fourth fiscal quarter, ending September 30, 2001, for employee-related costs, and ...

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