News
Paris – Alcatel yesterday unveiled a planned merger with its smaller U.S. rival Lucent Technologies for $13.4 billion. Together, the pair would have total revenue of $25 billion, roughly matching current industry leader Cisco Systems.
The two companies plan to cut about 10% of their combined workforce, or about 8,800 jobs.
SAN BERNARDINO, CA -- The long-awaited deal for Photocircuits, the Glen Cove, NY, manufacturer of printed circuit boards, was made official Friday with the sale of the company business to a newly formed subsidiary of American Pacific Financial Corp.
AMPAC, a private equity group, purchased the company at auction. No financial details were provided in the announcement, although previous reports indicated the purchase price was around $43 million.
AMPAC, a private equity group, purchased the company at auction. No financial details were provided in the announcement, although previous reports indicated the purchase price was around $43 million.
NORCROSS, GA -- Assembléon, the supplier of placement machines, named Leo van de Vall president and chief executive of Assembléon Americas Inc. He replaces Michael Buscher, who founded the American branch several years ago.
The move is effective today. He is based in the company's office outside Atlanta.
The move is effective today. He is based in the company's office outside Atlanta.
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