But the company has already seen a slight setback for its Imaging and Optics division. Citing a fall in capital equipment spending, the Imaging and Optics group is projected to exit the year with about $12 million in sales for 2009, significantly down from $23 million in sales last year. The group missed its forecast in other respects. At one time, the Imaging and Optics division projected that its sales would hit $100 million by 2010. The group has now pushed out those ambitious $100 million sales targets to 2011.
The article also has few interesting side stories, such as wafer level camera status at ST:
With Nokia--ST's largest camera module customer--pushing for very low-cost modules and wafer level camera technology adoption, ST also began developing wafer level optics. In light of the challenges, checks suggest that the ST's wafer level camera was not reaching the same level of image quality, causing Nokia to become less aggressive in pushing its vendors to adopt a wafer level camera approach.
