News
NEW YORK -- Is the semiconductor industry about to turn up? One Wall Street analyst thinks so.
Wachovia analyst David Wong has upgraded the semiconductor sector to overweight from market weight, saying a recovery could come in the next quarter.
Wachovia analyst David Wong has upgraded the semiconductor sector to overweight from market weight, saying a recovery could come in the next quarter.
TOKYO -- The restructuring is over for Sony's electronics group, the company confirmed today, in response to rumors of further cuts.
The electronics OEM in December announced coming layoffs of 8,000 full-time jobs and 8,000 seasonal and part-time workers.
The electronics OEM in December announced coming layoffs of 8,000 full-time jobs and 8,000 seasonal and part-time workers.
CONCORD, NH -- A state committee will soon contemplate a bill banning the disposal of electronics waste into landfills.
The proposed bill is expected to be introduced this month by Rep. Tara Sad, chairman of the Environment and Agriculture Committee, and would be sent to either to the House Environment and Agricultural Committee or the Science and Technology Committee, the local Union Leader newspaper reported.
Sad cited landfill capacity, the rise of corporate takeback programs and "e-waste" recycling firms, and moral obligations that would keep the US from shipping waste to third-world nations.
The proposed bill is expected to be introduced this month by Rep. Tara Sad, chairman of the Environment and Agriculture Committee, and would be sent to either to the House Environment and Agricultural Committee or the Science and Technology Committee, the local Union Leader newspaper reported.
Sad cited landfill capacity, the rise of corporate takeback programs and "e-waste" recycling firms, and moral obligations that would keep the US from shipping waste to third-world nations.
TAIPEI -- Hon Hai Precision today disputed reports the company will distribute Apple's iPhone in China.
Hon Hai, the official name of Foxconn, dismissed the reports as media rumor, saying big announcements would come from the company.
Hon Hai, the official name of Foxconn, dismissed the reports as media rumor, saying big announcements would come from the company.
NEENAH, WI -- Plexus Corp. this month will start construction on its new headquarters here, and will also begin moving into a recently acquired building in nearby Greenville.
DALLAS -- TXP Corp. has received a default notice from a major investor claiming the EMS provider owes more than $10 million.
YA Global Investments notified TXP on Dec. 11 of the company's failure to pay a sum of more than $250,000, and claiming TXP is "unable to pay its debts generally as they come due" and of "failure to pay its debts as they come due." In the letter, YA Global demanded TXP immediately repay all of its obligations, a sum of $10.2 million as of Dec. 17, inclusive of accrued and unpaid interest.
The complaints relate to a securities purchase deal TXP and YA Global signed last spring.
TXP is in negotiations with YA Global to reach an resolution, and is seeking sources of financing in order to redeem the outstanding debt owed to YA Global and to resume operations.
YA Global Investments notified TXP on Dec. 11 of the company's failure to pay a sum of more than $250,000, and claiming TXP is "unable to pay its debts generally as they come due" and of "failure to pay its debts as they come due." In the letter, YA Global demanded TXP immediately repay all of its obligations, a sum of $10.2 million as of Dec. 17, inclusive of accrued and unpaid interest.
The complaints relate to a securities purchase deal TXP and YA Global signed last spring.
TXP is in negotiations with YA Global to reach an resolution, and is seeking sources of financing in order to redeem the outstanding debt owed to YA Global and to resume operations.
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