Circuits Assembly Online Magazine - Current Issue

News

LAGUNA, Philippines - EMS provider Integrated Microelectronics Inc. will produce the RadarGolf Handheld golf ball finder device designed by Radar Golf Inc.

IMI president and chief executive Arthur R. Tan said, "We began working with Radar Golf in December 2003 and it is very exciting to see this breakthrough product now so close to coming to market."

Earlier this week, Radar Golf announced in a press release that independent lab tests found the company's patented ball performed equal to or better than competitive balls from Titleist, Callaway, Nike and Maxfli. The tests measured both distance and spin. The ball conforms to U.S. Golf Association standards.

The novel ball contains proprietary ball positioning system technology. When used with the RadarGolf device, balls can be detected from 30 to 100 feet away.

First shipments are scheduled for June.

ELKHART, IN -- CTS Corp., about to be merged, posted its best sales quarterly sales results since the second quarter of 2001.

The company today reported fourth-quarter revenues of $142.5 million, up 10%, sequentially and 8% year-on-year.

Net earnings were $6.6 million, vs. $3.9 million in the fourth quarter of 2003.

Full-year revenues of $531.3 million topped 2003 revenues by 15%. The company, which makes electronics gear, posted net earnings of $20 million, well above 2003 earnings of $12.6 million.

WESTFORD, MA, - MatrixOne Inc. said second-quarter revenues increased 31% to $35.1 million from $26.9 million in the same period last year.

The net loss was $400,000, compared to a net loss of $7.2 million in the same period last year.

Software license revenues increased 64% to $15.4 million from $9.4 million last year.

"We are pleased to report another very positive quarter with strong sequential and year-over-year revenue growth and improved bottom-line results. Our operating performance during the second quarter reflects the continued improvements in our company-wide sales execution, expanded implementations within our existing customer base and the adoption of our solutions by strategic new customers who are fueling the growth of the PLM market," said Mark F. O'Connell, president and CEO of MatrixOne.