News
Tessera now expects first quarter revenue in the range of
$27.3 million to $27.5 million, as compared to previous guidance of
$21.5 million to $22.0 million.
Ina press release, Tessera chairman and chief executive Bruce McWilliams said, "We are revising our guidance upwards based upon the impact of new licenses signed, as well as the overall good performance from our existing licensees in the past quarter, particularly related to devices used in computing and in personal communications."
Also, today, the company signed a technology licensing agreement with Fujitsu covering chip-scale packaging in ASICs, ASSPs and system-on-chips.The technology includes chip-scale and multichip package types. No financial details were disclosed.
In the suit, Suntron claims it spent millions of dollars on raw materials and other inventory-related costs as result of false promises of business from Applied Materials. The suit alleges a other unlawful acts and unfair business practices as well.
Suntron
provided more than 7,000 different finished products to Applied
Materials, Suntron said in a press statement. The lawsuit claims that
Suntron has been left with more than $18 million
worth of unused and obsolete inventory.
For the fiscal year, net sales at the EMS provider were up 25% to $72.7 million. Net income for year was $587,329, beating guidance, versus $633,448.
"We are very pleased with these record-setting revenue levels for Nortech in the fourth quarter and for the entire year," said Mike Degen, president and CEO. "We will use this opportunity to leverage these strong results to expand our customer base and continue to invest in the Nortech brand and our infrastructure."
Throughout the year margin pressure was strong
due to higher energy costs, increased
commodity prices and international competition.
