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TAIPEI – Acer Inc. has countersued Hewlett-Packard, alleging violation of four patents, the PC maker said today.
MINNEAPOLIS, MN – HEI Inc. announced net sales for the third quarter were $9.8 million, a decrease of $3.4 million year-over-year.
The largest decrease (approximately $1.4 million) was in the company’s microelectronics division; the division had a series of consolidations in the telecommunications industry and offshore outsourcing of a medical product customer, HEI said.
Net sales of HEI’s flexible substrate business were lower by approximately $1.8 million because of its primary external customer's initiative to consume excess inventories.
Profit was $199,000 (2% of net sales) for the quarter, compared to 18% for the same quarter last year. For the prior nine-month period, profit was $2.5 million, or 8% of sales, compared to 18% year-over-year.
The largest decrease (approximately $1.4 million) was in the company’s microelectronics division; the division had a series of consolidations in the telecommunications industry and offshore outsourcing of a medical product customer, HEI said.
Net sales of HEI’s flexible substrate business were lower by approximately $1.8 million because of its primary external customer's initiative to consume excess inventories.
For the nine months ended June 2, net sales were $33.3 million, a decrease of $5.4 million year-over-year.
Profit was $199,000 (2% of net sales) for the quarter, compared to 18% for the same quarter last year. For the prior nine-month period, profit was $2.5 million, or 8% of sales, compared to 18% year-over-year.
SPOKANE, WA – Selective solder equipment provider Robotic Process Systems Inc. has been acquired by an investor group led by GaitherCapital, a private equity firm based in San Francisco. No terms were disclosed.
Robotic Process Systems will operate under the name RPS Automation LLC and will continue to develop, manufacture, and market its products and services globally.
Jess Baker, a founder of the company, will be president of RPS Automation.
He will be joined by Reed Gaither, the new CEO, and Kari Novatney, a managing director of GaitherCapital, as CFO.
Robotic Process Systems will operate under the name RPS Automation LLC and will continue to develop, manufacture, and market its products and services globally.
Jess Baker, a founder of the company, will be president of RPS Automation.
He will be joined by Reed Gaither, the new CEO, and Kari Novatney, a managing director of GaitherCapital, as CFO.
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