News
LAKE FOREST, CA – Probe Manufacturing’s board has cut ties with chief executive Reza Zarif and named Barrett Evans interim CEO.
Zarif, who was on a month-to-month employment agreement, remains on the company’s board.
The company reported 2007 revenues fell 26% to $6.9 million, although the net profit was up 148% to $374,896.
Evans will receive a base salary of $175,000.
Zarif, who was on a month-to-month employment agreement, remains on the company’s board.
The company reported 2007 revenues fell 26% to $6.9 million, although the net profit was up 148% to $374,896.
Evans will receive a base salary of $175,000.
MALVERN, PA – Vishay Intertechnology has acquired a specialty capacitor (wet tantalum) product line from Kemet Corp. for $35.2 million and other consideration in the form of a three-year term loan of $15 million.
Sales of these products during Kemet’s fiscal-year ended March 31 were approximately $16 million, of which approximately $7 million represent former Arcotronics products (acquired last year by Kemet ) sold mostly outside of the US.
Worldwide sales during the quarter ended June 30, 2008 were $4.4 million.
Closing is scheduled to occur by the end of business today.
SAN FRANCISCO – Major IT OEMs gave cautious outlooks on the macro environment and overall IT spending at an analyst-sponsored conference last week.
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