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LOS ANGELES, Oct. 22 -- Celeritek shareholders Thursday approved the sale of its the company's defense electronics business to a subsidiary of Teledyne Technologies for $33 million in cash.

Celeritek's defense electronics business designs andmanufactures gallium arsenide-based RF and microwave components and subassemblies for electronics warfare, radar and other military applications. Teledyne intends to relocate the business from Santa Clara, CA, and consolidate it with Teledyne Microwave in Mountain View, CA.

The division had sales of $19.7 million for its fiscal year ended March 31. Teledyne expects this acquisition to be neutral to earnings in 2004.

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Ashburn, VA - Zestron, Kester, Heller Industries, Trek Industries and cleaning expert Dr. William Kenyon are hosting a one-day workshop in Tampa. Topics include cleaning, lead-free and its potential long-term risks. The workshop will take place Nov. 9, at the Embassy Suites Hotel - Airport/Westshore in Tampa. 

 

Attendees can learn essentials on material technologies and understand the actual impact of lead-free on subsequent process steps such as cleaning or the climatic reliability of electronic assemblies.

 

To register, visit http://www.zestron.com/leadfree_tampa/home.htm.

 

For more information, contact Danny Chaplow: (703) 589-1198 ext. 110. Read more ...
SCOTTSDALE, AZ, Oct. 25 -- The IC market will grow 29% in 2004, buoyed by high demand for PC applications, a research firm said today.

The microprocessor market will hit nearly $30 billion, 90% of it coming from devices for computing systems, according to IC Insights in its monthly report.

Moreover, flash sales will reach $15.6 billion by year-end. up 33%, following a 51% gain in 2003. DSPs is expected to grow 26%, to $7.7 billion, the firm said.

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