ROUND ROCK, TX -- Kevin Kettler, chief technology officer of Dell Inc., plans to step down in January, the company said on Wednesday.
Kettler, who has spent 13 years with Dell, is leaving for family and other interests.
Kettler will leave the company in mid-January, the company said.
Kettler, who has spent 13 years with Dell, is leaving for family and other interests.
Kettler will leave the company in mid-January, the company said.
NEW YORK — The financial turmoil will dampen worldwide technology spending in 2009, according to research firm IDC. However, the lack of a tech "bubble" will hasten the rebound, the firm predicts.
The research firm revised its growth outlook for worldwide IT spending to 2.6%, down from an August forecast of 5.9%. The firm's US spending outlook was slashed to 0.9%, down from 4.2%, while Japan and Western Europe will grow around 1%.
The research firm revised its growth outlook for worldwide IT spending to 2.6%, down from an August forecast of 5.9%. The firm's US spending outlook was slashed to 0.9%, down from 4.2%, while Japan and Western Europe will grow around 1%.
NEWARK, NY – EMS provider IEC Electronics Corp. said fourth-quarter 2008 revenue was $16.1 million, up 40.4% year-over-year.
Net Income for the quarter, including a tax benefit, was $8.5 million, up 97% year-over-year.
Operating income was $1 million (6.3% of sales), up 86% compared to the same quarter of 2007.
For fiscal year 2008, IEC had revenue of $51.1 million, up 20% compared to full-year 2007. Net income before taxes was $1.6 million, up 69% year-over-year.
IEC added eight new customers this year, including three in the past quarter. Three of the new customers are in the aerospace sector, two in the military sector, two in the industrial sector, and one in medical.
In a press release, IEC said, “Despite the recessionary outlook for the economy, we expect strong growth in sales and earnings in fiscal 2009, as our customers, particularly in the military and aerospace sector, are cautiously optimistic and because we expect to realize enhanced operating margins from productivity gains and from our interconnect subsidiary.”
Net Income for the quarter, including a tax benefit, was $8.5 million, up 97% year-over-year.
Operating income was $1 million (6.3% of sales), up 86% compared to the same quarter of 2007.
For fiscal year 2008, IEC had revenue of $51.1 million, up 20% compared to full-year 2007. Net income before taxes was $1.6 million, up 69% year-over-year.
IEC added eight new customers this year, including three in the past quarter. Three of the new customers are in the aerospace sector, two in the military sector, two in the industrial sector, and one in medical.
In a press release, IEC said, “Despite the recessionary outlook for the economy, we expect strong growth in sales and earnings in fiscal 2009, as our customers, particularly in the military and aerospace sector, are cautiously optimistic and because we expect to realize enhanced operating margins from productivity gains and from our interconnect subsidiary.”
Cleveland, OH – Jergens Inc., a manufacturer of standard tooling components, vises and other workholding equipment, has acquired Bock Workholding Inc. for an undisclosed sum.
Bock, with headquarters in Ford City, PA, and sales partners in Europe, Asia and Australia, is a manufacturer and distributor of workholding solutions designed to improve the productivity of vertical and horizontal machining centers and flexible manufacturing cells.
Bock, with headquarters in Ford City, PA, and sales partners in Europe, Asia and Australia, is a manufacturer and distributor of workholding solutions designed to improve the productivity of vertical and horizontal machining centers and flexible manufacturing cells.
BILLINGSTAD, NORWAY -- Kitron, a top 50 global electronics manufacturing services company, reported third-quarter revenue of NOK 483.7 million, up 24% over 2007. The net profit rose nearly 14 times to NOK 95,000.
MANILA -- Electronics exports, the leading manufactured product in the Philippines, fell 2.7% in September, according to government data.
Electronics make up 58.4% of the nation's sales.
The country exported $2.6 billion worth of electronics goods in September, with US the leading destination.
Electronics make up 58.4% of the nation's sales.
The country exported $2.6 billion worth of electronics goods in September, with US the leading destination.
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