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All the engineers - including the six hired by ISSI - were covered by a union contract with the previous subcontractor, but union officials said ISSI President Steve Eisner has refused to discuss a new contract. We feel that the long sales cycle nature of our business, combined with anemic order flow through much of 2005 and into 2006 served to suppress our results thus far in 2007", stated Jay Foersterling, ISSI President and CEO, "however, that weakness is now largely through the cycle and we are starting to see improvements based on business development efforts begun in early 2006, which are now turning into orders. The restructuring of the company is clearly taking hold," notes ISSI President and CEO Jay Foersterling. |
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