Electroglas to consider alternatives

By Lisa Kerner

Charlotte, N.C., Feb. 4 - Electroglas, Inc. announced it will consider strategic alternatives with the assistance of Needham & Co., LLC.

"Their [Needham's] knowledge of the financial markets and the semiconductor sector in the United States and Asia will help us explore what alternatives are available to us in these tough markets so we can make the best decisions for our Electroglas stakeholders," chairman and chief executive officer Tom Rohrs said in a company news release.

Located in San Jose, Calif., Electroglas develops semiconductor wafer probers, makes test floor management software and provides services to the semiconductor-manufacturing sector.

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