The fourth quarter was an intensely competitive environment with general softness in the technology sector. This resulted in a revenue performance that did not meet our expectations.

It really was an awful, awful environment,

Technology companies are still in a difficult environment. Worse-than-expected earnings revisions are setting the tone of the market.

Advanced Power Technology brings a solid track record of producing proprietary devices. We're looking forward to working together on this next generation of SiC technology.

Despite the challenging economic environment for technology companies, we posted healthy revenue growth, which led to higher-than- expected gross margins and earnings per share for the quarter.

Depending on whom you ask, the technology is either beneficial or has negative effects on health and environment.