Unova Says Y2K Concerns Caused Decline in Income

Unova, Woodland Hills, reported net income for the third quarter ended Sept. 30 of $9.4 million compared with $13.3 million for the same period last year. Revenues grew to $503.4 million compared with $405.7 million.

The company attributed the downturn in part to order delays related to Y2K concerns.

UNOVA designs and installs manufacturing systems for the automotive and aerospace industries and develops and produces mobile computers and wireless network systems for the business sector.