News
REDMOND, WA – Data I/O Corp., provider of manual and automated device programming systems, announced fourth-quarter 2007 revenues of $7.7 million, up 5.2% sequentially.
Net income was $1,090,000, down 32% sequentially. For the year, revenues were $26.8 million, down 7% from 2006.
"During the fourth quarter, we again experienced large orders from automotive customers, as well as strong wireless customer business," said Fred Hume, president and CEO. "We were very pleased to announce and ship our new Flash Media Duplication system during the quarter."
"We are pleased that our restructuring actions taken in the first half of 2007 were successful in adjusting the expense structure to increase profitability as demonstrated by our third and fourth quarter's results," said Hume.
THE WOODLANDS, TX – Chemical maker Huntsman Corp. said fourth-quarter earnings were $2.2 million, down 97% year-over-year.
Earnings plunged on costs related to several business sales, the company said.
One-time charges included a $143.4 million pretax loss on the sale of Huntsman's U.S. base chemicals business, a $4 million pretax loss on the sale of its U.S. polymers business, and $5.4 million pretax gain on the sale of its European petrochemicals business. In the year-ago period, the company took a $21.6 million pretax loss related to the sale of its European petrochemicals business.
Revenue rose to $2.5 billion, an increase of 17% year-over-year. Huntsman said higher prices and volumes in its polyurethanes, performance products and pigments segments drove sales.
For the full year, the company posted a loss of $172.2 million compared with a year-ago profit of $229.8 million. Revenue rose 11% to $9.65 billion.
SAN JOSE – North American-based manufacturers of semiconductor equipment posted $1.12 billion in orders in January and a book-to-bill ratio of 0.89, according to SEMI.
Press Releases
- Altus Helps to Enhance Nexperia's Production Capabilities with Essemtec Fox MFC
- AIM to Highlight NC259FPA Ultrafine No Clean Solder Paste at SMTA Long Island Expo & Tech Forum
- BTU International Announces Strategic Partnership with Repstronics to Enhance Presence in Mexico and Central America
- High-Performance TIMs: Beyond Traditional TIM Materials