Circuits Assembly Online Magazine - Current Issue

News

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.

SAN JOSE, CA – North American-based manufacturers of semiconductor equipment posted $1.23 billion in orders in October and a book-to-bill ratio of 0.83, according to SEMI.

SANTA CLARA, CA – Agilent Technologies Inc. reported revenues for the fourth quarter were $1.45 billion, 9% above the same period last year.

The company said orders were $1.48 billion for the quarter, an increase of 6% year-over-year.

Agilent reported fourth-quarter adjusted net income of $206 million, up 7.8% year-over-year.

“Electronic measurement markets were very mixed, with strength in aerospace/defense and wireless R&D, a flat profile for wireless handset and electronic manufacturing test, and weakness in computer and semiconductor markets,” Bill Sullivan, president and CEO said.

2007 revenues were $5.4 billion, up 9% year-over-year.

For the first quarter of 2008, revenues are expected to be in the range of $1.35 billion to $1.40 billion, up 5% to 9% from 2007.