News
PALO ALTO, CA -- H-P reported fourth-quarter net
income of $1.7 billion, up fourfold from last year, on a sales jump of 7% to $24.6 billion. Demand was strong for PCs, printers, the company said.
The news was tempered by revelations that the Securities and Exchange Commission has launched a formal inquiry into the company's "pretexting" investigation, in which members of the H-P board reportedly authorized the gathering of information on other board members and company employees. It was later revealed that illegal means were used to gain the information.
The news was tempered by revelations that the Securities and Exchange Commission has launched a formal inquiry into the company's "pretexting" investigation, in which members of the H-P board reportedly authorized the gathering of information on other board members and company employees. It was later revealed that illegal means were used to gain the information.
Excluding one-time items, H-P said it would have earned $1.9 billion. Last year's
results included $1.57 billion in restructuring charges.
SAN JOSE – Demand for semiconductor devices will continue unabated through 2009, Semiconductor Industry Association said yesterday in a Webcast annoucning its annual forecast.
A strong wave of consumer demand for electronic products will push sales to $321 billion in 2009, a compound annual growth rate of 9%. Total worldwide sales were $227.5 billion last year.
A strong wave of consumer demand for electronic products will push sales to $321 billion in 2009, a compound annual growth rate of 9%. Total worldwide sales were $227.5 billion last year.
WESTLAKE, OH – Nordson Corp. today announced that it has signed a definitive agreement to acquire testing and inspection equipment manufacturer Dage Holdings, Ltd. Terms of the purchase were not disclosed. The acquisition is subject to review by the German Federal Cartel Office.
Nordon also owns Asymtek, March Plasma Systems and EFD, among others.
Dage employs more than 200 people and had revenues of approximately $59 million during the 12-month period ending Oct. 31.
Dage makes bond testing and digital x-ray systems.
“The purchase of Dage fits Nordson’s strategy of acquiring companies with above-average
growth in markets currently served by Nordson companies,” said Edward P. Campbell,
chairman and chief executive. “Over the three-year period ending April 30, Dage revenues and operating profit grew at annual rates of 24% and 69%, respectively. These growth rates are nearly identical to those of Nordson’s Advanced Technology Systems segment, which since 2003 has grown revenues and operating profit at annual rates of 23% and 59%, respectively.”
growth in markets currently served by Nordson companies,” said Edward P. Campbell,
chairman and chief executive. “Over the three-year period ending April 30, Dage revenues and operating profit grew at annual rates of 24% and 69%, respectively. These growth rates are nearly identical to those of Nordson’s Advanced Technology Systems segment, which since 2003 has grown revenues and operating profit at annual rates of 23% and 59%, respectively.”
Campbell added, “Dage’s operating margins during the first half of its fiscal 2007 were 21%.
The acquisition is expected to be accretive to Nordson’s fiscal year 2007 earnings per share.
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