From Deseret News archives:
Evans & Sutherland weathers turbulence
It's going to be a rough ride.
But there's no need to worry, because the EP-1000CT is a simulator.
That's the magic Salt Lake-based Evans & Sutherland Computer Corp.'s powerful technologies can create, enabling pilots to train without putting either themselves or huge planes in jeopardy.
But while the poor weather in the simulator was only an illusion, the storms of the past few years have been all too real for people associated with E&S. Several years without a profit and a series of employee layoffs have been a recent company staple.
Yet, just as the EP-1000CT can furnish fair weather for the training pilots, the company's top official and analysts believe E&S is heading in the right direction, with a clear view of a promising horizon.
"We have been around a long time and made a real contribution to the technology of computer graphics and simulation, and we intend to keep doing that," said James R. Oyler, president and chief executive officer. "We have some really unique new products that will be introduced next year, and I think they have the potential for making the company bigger and better than it has ever been."
It has been bigger in the past. In the late 1990s, E&S was profitable and had more than twice the number of employees it has now. Revenue was about $200 million in 1999, but had shrunk to $123 million last year. The net loss in 2000 was nearly $70 million, but that had been cut to $11.7 million in 2002.
"If you look at raw numbers, they peaked in about 1997 to '98. You've got to wonder why a computer company would peak before the IT sector peaked in 2000," said Jerry Weltsch, principal analyst at Frost & Sullivan in Palo Alto, Calif.
"But this is not a typical IT company. It's focused on the training and simulation world, more specifically in aerospace, a sector that tanked hard. They have a lot of eggs in that basket, which was healthy in the mid- to late '90s."
"It's a company that did go through years of tough times from about the 2000 to 2002 time range, but the past year has been a boon for the company, all things considered," Weltsch said. "They've been going through a semi-long-term restructuring process that has been completed, and they've had some final layoffs, a result of any restructuring process, when things get shaken out. But they're set to move forward."
A new way
Comments
- Crow calls for halt to roundups 10:21 p.m.
- Jackson memorabilia auction 10:19 p.m.
- National news briefs 10:14 p.m.
- Motown caps 50th anniversary 10:13 p.m.
- Finding profit in mortgage mess 10:12 p.m.
- More travelers for Thanksgiving 10:11 p.m.
- For those who can't hang up 10:10 p.m.
- Jazz outlast Pistons in overtime 10:10 p.m.
- California bests Stanford in Big Game 10:00 p.m.
- Midfield will be key for RSL 9:56 p.m.
- Glenn Beck to enter politics?
- Can BYU throw vs. Air Force?
- Cougars cruise to victory in Hawaii
- Huntsman blasts media over trip
- Christian leaders not backing down
- Murder-suicide in West Jordan
- TCU still has a chance
- Orem man acquitted in tot's death
- Religion cited in deportation fight
- Hall breaks BYU record with win
- Buttars wants to limit gay rights laws
191 - Palin plans tour stop in Utah
173 - Lies shatter Utah family
123 - Palin's book shows she's unqualified
122 - Glenn Beck to enter politics?
103 - Officer cleared in Cardall Taser case
103 - BYU cuts Women's Research Inst.
100 - Jazz finally win in San Antonio
98 - Utes knock off rival Aggies
93 - Huntsman pleased with Obama
87
There's a lot of reason to leave your plastic home as you shop:
I don't pretend to be an expert on global warming. I've met with...
It is little wonder BYU has such little credability in the academic communinity.
To: RE: Christy,abortion is murder | 5:47 p.m. Nov. 21, 2009...
The members of PETA need to look at every piece of research that has...
You BCS apologists and your stupid arguements smell like doo doo. The...
You are correct, there is something special about JD and we do respect that,...
Sean - ur my eyedol wish u wer still hear to kik sum syrius kooog butt on...
This year it all depends on BYU, and which team decides to show up. If the...
Proud NONsupporter of anti American Presidents.
As China moves towards a more free society they are rapidly becoming the...
We ought to have a civil war



You can be the first to comment on this story.