SAN FRANCISCO – December poll results were at their weakest level of 2006, says Deutsche Bank Equity Research. CIOs expect IT budgets to grow 5.8% during the next 12 months, down from 6.5% in September.
LOS ANGELES - P. Kay Metal announced the
opening of its Shenzhen, China office – its first in Asia Dr. Erik Severin will
head the office, supporting the market development efforts of Wong's Kong King
and other company distributors throughout the Pacific Rim. Dr. Severin has worked in new business development and with startup companies for the past
seven years. He has a Ph.D. in chemistry from the California Institute of
Technology.
FORT WORTH,
TX -- Berkshire
Hathaway Inc., the investment fund of Warren Buffett, will buy component distributor TTI Inc. Terms were not disclosed and the deal is expected to close during the first quarter of 2007.
The deal includes TTI subsidiary Mouser Electronics. TTI is the world's fifth largest electronics components distributor, with reported sales of $835 million in 2005.