Tough Times at ATC Technology
ATC Technology (ATAC - Analyst Report) is in the process of winding down its Honda (HMC - Analyst Report) automatic transmission remanufacturing program by the end of 2009. Honda has moved the remanufacturing of its units in house.
ATAC said it now expects 2009 drive-train revenue between $140 million and $144 million, with Honda transmission revenue contributing between $32 million and $34 million. The drivetrain unit, which accounts for 30 percent of the company's total business, supplies aftermarket parts to principal customers including Chrysler and Ford (F - Analyst Report).
|
|
|
Share |
RSS |
Rate Pos |
Rate Neg |
Comment |
|
|
||||||
Best Stocks. Best Insight. Join Now...it's FREE!
Over 550,000 investors look forward to the timely insights in our email newsletter; Zacks Profit from the Pros. In each daily issue you will find:
- Free Four Zacks #1 Rank "Strong Buy" Stocks
- Free Timely Market Commentary
- Free Wealth Management Tips
- Free Profitable Strategy Screens
- Free Bull and Bear Stocks of the Day
Zacks FREE Registration
X Close
Loading Stories...Most Popular on Zacks.com
More Zacks Resources
Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.
Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.
Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.
My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.
More Zacks Links
| Market Summary | Nov 26, 2009 08:57 am ET |
Sponsored Links

Sponsored Links 
-1.26 %
4.61 %

[CLICK TO CLOSE X]