News
YAVNE, Israel - Valor Computerized Systems reported continued growth in the first quarter of 2005, with revenues of $8.7 million, a 22% increase over Q1 2004.
Sales increased by 27% and maintenance revenues increased by 13% over last year's first quarter.
The financial statements incorporate for the first time the adoption of new International Financial Reporting Standards published by the International Accounting Standards Board. Net profit before expensing Share-Based Compensation was $823,000 in Q1 '05 - nearly three times higher than the same quarter last year ($295,000).
Research and Development expenses were $2.8 million - an increase of 5.7% year-on-year.
Sales increased by 27% and maintenance revenues increased by 13% over last year's first quarter.
The financial statements incorporate for the first time the adoption of new International Financial Reporting Standards published by the International Accounting Standards Board. Net profit before expensing Share-Based Compensation was $823,000 in Q1 '05 - nearly three times higher than the same quarter last year ($295,000).
Research and Development expenses were $2.8 million - an increase of 5.7% year-on-year.
NATICK, MA -Cognex Corp., a supplier of machine vision systems, has acquired DVT Corp., a privately-held company based in Duluth, GA.
Cognex purchased the outstanding shares of DVT with a cash payment of $104 million made at the closing, and a final payment of up to $11 million in cash to be paid at the end of a one-year escrow period.
Cognex plans to maintain operations at the Georgia facility, and to continue selling and supporting the vision products through DVT's existing third-party distribution channel.
As a result of the acquisition, Cognex expects an increase in its revenue of approx. $15 - $20 million during fiscal year 2005.
SAN FRANCISCO -- Aggressive pricing pressure and
excess capacity are hurting margins at providers of EMS and ODM
services, a top investment bank said today.
Noting the "disappointing" margins of the last quarter turned in by Taiwan-based ODMs Hon Hai, Asustek and Quanta, Deutsche Bank asserted that further downsizing is ahead for the industry.
Noting the "disappointing" margins of the last quarter turned in by Taiwan-based ODMs Hon Hai, Asustek and Quanta, Deutsche Bank asserted that further downsizing is ahead for the industry.
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