News
MUNICH – The final tally is in, and the numbers reveal Productronica as – still – the world’s largest electronics manufacturing trade show. Some 1,484 exhibitors from 35 countries attended last week’s show.
RICHARDSON, TX – Telecom ODM TXP Corp. reported third-quarter revenue of $2.7 million, an increase of 61% year-over-year. The net loss was $1.3 million, compared to net income of $2.2 million in 2006. The company's thriving prototype design and assembly business was offset by R&D costs related to its optical network terminal product development.
SCHAUMBURG, IL – Misumi USA Inc. next month will conduct a series of configuration technical seminars aimed to help engineers overcome time and performance pressures typically associated with custom machine builds.
The seminars, titled Designing a Better Machine Faster with the Configurable Component, take place at the Hilton Garden Inn in Cleveland on Dec. 5 and at the Crowne Plaza in Dayton on Dec. 6.
The seminars feature Chris Blaszczyk, manager of product development.
To register, visit www.misumiusa.com/techseminars.aspx.
The seminars, titled Designing a Better Machine Faster with the Configurable Component, take place at the Hilton Garden Inn in Cleveland on Dec. 5 and at the Crowne Plaza in Dayton on Dec. 6.
The seminars feature Chris Blaszczyk, manager of product development.
To register, visit www.misumiusa.com/techseminars.aspx.
PEMBROKE, BERMUDA - Tyco Electronics Ltd. said its fourth-quarter earnings were $256 million, down 31% year-over-year on restructuring and separation costs.
The company said it took $59 million in restructuring charges, compared with $5 million in the fourth quarter last year.
Tyco Electronics also reported a $20 million charge related to the separation from Tyco International.
Revenue rose 11% to $3.62 billion compared to the same period last year. The company attributed its revenue gain to growth in international markets.
For the fiscal year, Tyco Electronics posted a loss of $554 million, compared with a year-ago profit of $1.19 billion.
Revenue for the full year increased 9% to $13.46 billion, the company said.
SAN JOSE, CA – North American-based manufacturers of semiconductor equipment posted $1.23 billion in orders in October and a book-to-bill ratio of 0.83, according to SEMI.
SANTA CLARA, CA – Agilent Technologies Inc. reported revenues for the fourth quarter were $1.45 billion, 9% above the same period last year.
The company said orders were $1.48 billion for the quarter, an increase of 6% year-over-year.
Agilent reported fourth-quarter adjusted net income of $206 million, up 7.8% year-over-year.
“Electronic measurement markets were very mixed, with strength in aerospace/defense and wireless R&D, a flat profile for wireless handset and electronic manufacturing test, and weakness in computer and semiconductor markets,” Bill Sullivan, president and CEO said.
2007 revenues were $5.4 billion, up 9% year-over-year.
For the first quarter of 2008, revenues are expected to be in the range of $1.35 billion to $1.40 billion, up 5% to 9% from 2007.
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