Item 8.01 Other Events.

As previously disclosed in the Company's Current Report on Form 8-K filed on January 8, 2009, as part of a plan to conserve cash and reduce expenses, the Company announced salary reductions or reduced work hours for all Company employees, except employees of the Company's wedge bonding equipment division, which was expected to implement similar cost reductions over the next several weeks. On January 15, 2009, the Company announced to its employees that the base salary of Gregg Kelly, President of the Company's wedge bonding equipment division, would be reduced by 15%. Mr. Kelly's executive staff will receive 10% salary reductions. The remaining employees of the wedge bonding equipment division, except for manufacturing direct labor, will receive 5% salary reductions. Manufacturing direct labor at the Company's wedge bonding equipment factory in Irvine, California will have their work week reduced from 40 hours to 32 hours. In addition, the Company will stop making cash matching contributions to the wedge bonder equipment employees' 401K savings plan. These reductions will take effect in February 2009 and the Company anticipates they will continue until business conditions improve.

The Company also gave termination notices to 36 wedge bonding equipment employees on January 15, 2009.

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