News
NORTH READING, MA -- After spending much of the past two years divesting its non-core operations, Teradyne jumped back into acquisition mode, agreeing to buy Nextest Systems in a cash-for-stock deal.
Teradyne will pay about $325 million, and closing is expected in the March quarter, pending Nextest shareholder and antitrust approvals.
Teradyne will pay about $325 million, and closing is expected in the March quarter, pending Nextest shareholder and antitrust approvals.
NASHUA, NH -- A Teledyne Technologies subsidiary will buy IR detector maker Judson Technologies. Financial terms were not disclosed.
The deal is expected to close by Feb. 1.
Judson had 2006 sales of $13.8 million.
The deal is expected to close by Feb. 1.
Judson had 2006 sales of $13.8 million.
TOKYO -- Panasonic Electronic Devices Co. will consolidate its eight subsidiaries in Japan and establish Panasonic Electronic Devices Japan Co. on April 1, the company announced today.
Panasonic Electronic Devices has several subsidiaries, each managed autonomously. The new structure will enable the group to take advantage of the strengths of each subsidiary, including "black-box" technologies and manufacturing skills.
MANKATO, MN — Winland Electronics chairman Thomas J. de Petra has been named interim CEO and president, effective Jan. 2. He succeeds Lorin Krueger, who is retiring. The board hopes to have a permanent successor by the end of the first quarter, the company said in a press statement.
"We have made progress in the search to recruit a permanent replacement, but as we grow closer to Jan. 2, we wanted to put a transition process in place," de Petra said.
de Petra has been chairman since October 2006 and a director since 1994.
LOUISVILLE — Sypris Solutions today lowered its 2007 guidance, citing a $10 million shortfall in revenue from its Industrial division.
In an SEC filing, the EMS firm said it expects to lose 10 to 12 cents per share this year, compared with previous guidance of a 5 cent loss or flat earnings.
The company forecast 2007 revenue of $425 million to $430 million, compared with previous guidance of $435 million to $440 million.
For 2008, Sypris expects to return to profitability on revenue of $460 million to $480 million.
In an SEC filing, the EMS firm said it expects to lose 10 to 12 cents per share this year, compared with previous guidance of a 5 cent loss or flat earnings.
The company forecast 2007 revenue of $425 million to $430 million, compared with previous guidance of $435 million to $440 million.
For 2008, Sypris expects to return to profitability on revenue of $460 million to $480 million.
ST. PETERSBURG, FL – Jabil yesterday said it expects fiscal second-quarter revenues to fall $250 million to $350 million, to $3 billion to $3.1 billion, on seasonality in consumer demand.
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