News
SAN JOSE -- North
American-based manufacturers of
semiconductor equipment posted $1.09 billion in orders in September on
a three-month, down 1% from August and 19% from last year. The
book-to-bill ratio was 1.02, the
SEMI trade group said.
GREENVILLE, SC -- Kemet Corp. today said it is in "advanced" negotiations to acquire the tantalum capacitor business of Epcos AG. The deal is expected to close early next year, and no financial terms were disclosed.
Separately, however, Epcos said the proceeds of the sale would improve its net cash flow by at least 70 million euros.
In a press release, Kemet said the acquisition would increase its access to key markets including automotive and telecom and broaden its manufacturing base.
The deal hinges on the completion of a definitive agreement, among other customary business.
Epcos is based in Munich. The tantalum capacitor business was reportedly profitable business until 2001, but since has been hurt by overcapacity and falling prices.
Separately, however, Epcos said the proceeds of the sale would improve its net cash flow by at least 70 million euros.
In a press release, Kemet said the acquisition would increase its access to key markets including automotive and telecom and broaden its manufacturing base.
The deal hinges on the completion of a definitive agreement, among other customary business.
Epcos is based in Munich. The tantalum capacitor business was reportedly profitable business until 2001, but since has been hurt by overcapacity and falling prices.
ST. LOUIS -- LaBarge Inc. today announced net sales will
be approximately $39.6 million, down 9.2% from $43.6 million a year ago.
For its fiscal 2006 first quarter, ended Oct. 2, net earnings are expected to be $0.12 to $0.13 per diluted share, compared with $0.15 per diluted share in the comparable period a year ago.
The results would be consistent with previous guidance. In its earlier guidance, the company forecast sales of $41 million to $42 million, and diluted earnings per share of $0.12 to $0.13.
Profit margins improved during the quarter. Sales fell below projections because of several customers rescheduling shipments.
For its fiscal 2006 first quarter, ended Oct. 2, net earnings are expected to be $0.12 to $0.13 per diluted share, compared with $0.15 per diluted share in the comparable period a year ago.
The results would be consistent with previous guidance. In its earlier guidance, the company forecast sales of $41 million to $42 million, and diluted earnings per share of $0.12 to $0.13.
Profit margins improved during the quarter. Sales fell below projections because of several customers rescheduling shipments.
