cohu 2000 annual report company profile inc is a leading supplier of test handling solutions used by the global semiconductor industry as well closed circuit television metal detection and microwave radio equipment financial highlights in thousands except per share data operations 1999 orders 258 632 253 571 net sales 289 564 208 780 income before cumulative effect accounting change 37 038 25 926 earnings basic 1 83 31 diluted 76 26 balance sheet cash equivalents short term investments 92 587 81 600 working capital 160 583 146 050 total assets 231 495 220 733 stockholders equity 197 840 162 356 forward looking statements this contains including expectations market conditions challenges plans within meaning section 21e securities exchange act 1934 amended subject to safe harbor provisions created that statute words anticipate expect believe plan similar expressions are intended identify such certain risks uncertainties but not limited those discussed under caption business