A Closer Look At Orbotech

Guilt by association: Woe to any company that gets lumped--rightly or wrongly--with a sector out of favor on the Street. Take Orbotech (ORBK), mistakenly associated with the besieged makers of semiconductor gear. Orbotech has dropped 30% in recent weeks, to 46. Never mind that Orbotech does not make semiconductor equipment: It was punished nevertheless. Orbotech makes optical inspection equipment for printed circuit boards (PCBs), flat panel displays (FPDs), and electronic assemblies. Orbotech's tools are used by manufacturers of electronics products to make sure they maintain high quality standards.

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