Hurco posts quarterly, yearly losses
The company attributed its losses to the ongoing global recession and the credit crunch that has made it difficult for businesses
to obtain financing to purchase Hurco’s products.
Hurco Cos.
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UPDATE: Hurco exec getting $500,000 exit package
James D. Fabris, who is leaving Hurco Cos. Inc. at the end of the month following a long management tenure, will receive an
exit package worth more than $500,000.
Hurco president Fabris to resign
Indianapolis-based Hurco Companies Inc., a computer control and software maker, said Thursday that James D. Fabris will resign
as president and chief operating officer as of Oct. 31.
Hurco suffers quarterly loss as sales plummet
Indianapolis-based Hurco Cos. this morning reported another quarterly loss after sales dropped a staggering 64 percent. Hurco
lost $1.2 million, or 19 cents a share, in its fiscal third quarter ended July 31. The company had a profit of $5.8 million,
or 90 cents a share, during the same quarter last year.