EL SEGUNDO, CA – Global electronics sales will grow 5.9% this year, down from 7% in 2007, according to iSuppli.
BRIDGEWATER, MA – Global manufacturer Chase Corp. reported net income of $1.87 million for the second quarter, up 36% year-over-year.
Revenues of $28.2 million for the quarter increased 3% compared to 2007.
For the six months ended Feb. 29, revenues increased 7% to $62.9 million compared to the same period last year. Net income was $5.34 million, up from $3.9 million year-over-year.
The company’s EMS segment had revenues of $4 million, down nearly 17% compared to the same period last year. Revenues for the six-month period ended Feb. 29 were $9.1 million and in line with the prior year period, Chase said.
TORONTO – Adeptron Technologies Corp. appointed Mark Kohler chief financial officer, effective today.
Kohler has more than 20 years’ experience in the technology sector, including most recently as CFO for TSX-listed companies.
WASHINGTON, DC – AeA reports that in 2007, the high-tech industry continued growing, adding 91,400 net jobs for a total of 5.9 million in the U.S. This is on top of job gains of 139,000 in 2006 and 87,400 in 2005.
SHENZHEN, CHINA – Europlacer is opening a sales and service office in Shenzhen and will assign a staff of three.
The placement equipment manufacturer said it sold about 50 units last year, including 26 of its new iineo placement machine.
The placement equipment manufacturer said it sold about 50 units last year, including 26 of its new iineo placement machine.
WASHINGTON, DC – The U.S. Senate is expected to debate the patent reform bill as early as this week. This comes on the heels of a court decision to block new rules the U.S. Patent and Trademark Office proposed to deal with the surge of applications.
Majority leader Sen. Harry Reid is expected to bring the Patent Reform Act to the Senate between now and the end of May.
The Senate bill is in line with the House of Representatives bill that passed in the fall. Both bills aim to limit damages and excessive litigation, namely courts that are quick to set trial dates for patent suits. The legislation also requests the U.S. to move to a first-to-file policy.
Many large electronics firms are on board, claiming to be barraged with patent infringement litigation. Individual inventors and pharmaceutical companies have rallied against the measure, saying it would weaken the system that protects their innovations.
In its fiscal year 2007, the USPTO received more than 467,000 patent applications and ended the year with a backlog of 760,000 applications. In an effort to catch up, the office hired more than 2,400 new patent examiners in the past two years, say published reports.
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