News
WASHINGTON -- The U.S. Department of Justice's antitrust division has subpoenaed Sony's electronics unit for information on its sales of SRAM memory chips. The company expressed its full cooperation with the probe.
The move appears to be part of a growing Justice Department probe into SRAM sales. Earlier this month, Cypress Semiconductor said its SRAM operations were also under investigation.
The move appears to be part of a growing Justice Department probe into SRAM sales. Earlier this month, Cypress Semiconductor said its SRAM operations were also under investigation.
VANCOUVER -- Nam Tai Electronics today reported third-quarter sales rose 5.1% year-over-year to $218.5 million. Operating income fell 11.6% to $12.4 million, and net income plummeted 35.7% to $12.1 million for the period ended Sept. 30.
LONDON -- Schneider Electric will acquire American Power Conversion for $6.1 billion in cash, the companies said Monday. The deal has been approved by APC's board and
is expected to close in the first quarter 2007, pending APC shareholder approval.
The deal will make Schneider the world's largest provider of surge protector equipment.
"APC has always been a strategic target for Schneider. It is a reference brand in the fast-growing segment of critical power and has superb technology," Schneider chief executive Jean-Pascal Tricoire said on a conference call with analysts Monday.
APC had about $2 billion sales in 2005, and employs 7,600 workers.
The deal will make Schneider the world's largest provider of surge protector equipment.
"APC has always been a strategic target for Schneider. It is a reference brand in the fast-growing segment of critical power and has superb technology," Schneider chief executive Jean-Pascal Tricoire said on a conference call with analysts Monday.
APC had about $2 billion sales in 2005, and employs 7,600 workers.
