HBIO » Topics » 13. Subsequent Event

This excerpt taken from the HBIO 10-Q filed Aug 9, 2005.

13. Subsequent Event

During July 2005, the Company announced plans to divest its Capital Equipment Business Segment. The decision to divest this business segment is based on the fact that market conditions for the Capital Equipment Business Segment have been such that this business has not met the Company’s expectations and the Company’s decision to focus Company resources on the Apparatus and Instrumentation Business Segment. As of June 30, 2005, the Company did not qualify for held for sale accounting treatment under SFAS No. 144 and as a result the operating results for the Capital Equipment Business Segment are presented as part of continuing operations.

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