Circuits Assembly Online Magazine - Current Issue

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RICHARDSON, TX – Telecom ODM TXP Corp. reported third-quarter revenue of $2.7 million, an increase of 61% year-over-year. The net loss was $1.3 million, compared to net income of $2.2 million in 2006. The company's thriving prototype design and assembly business was offset by R&D costs related to its optical network terminal product development.

SCHAUMBURG, IL – Misumi USA Inc. next month will conduct a series of configuration technical seminars aimed to help engineers overcome time and performance pressures typically associated with custom machine builds.

The seminars, titled Designing a Better Machine Faster with the Configurable Component, take place at the Hilton Garden Inn in Cleveland on Dec. 5 and at the Crowne Plaza in Dayton on Dec. 6.

The seminars feature Chris Blaszczyk, manager of product development.

To register, visit www.misumiusa.com/techseminars.aspx.

PEMBROKE, BERMUDA - Tyco Electronics Ltd. said its fourth-quarter earnings were $256 million, down 31% year-over-year on restructuring and separation costs.

The company said it took $59 million in restructuring charges, compared with $5 million in the fourth quarter last year.

Tyco Electronics also reported a $20 million charge related to the separation from Tyco International.

Revenue rose 11% to $3.62 billion compared to the same period last year. The company attributed its revenue gain to growth in international markets.

For the fiscal year, Tyco Electronics posted a loss of $554 million, compared with a year-ago profit of $1.19 billion.

Revenue for the full year increased 9% to $13.46 billion, the company said.