LONDON — Tin prices are slipping — slightly — on the London Metal Exchange after matching an 18-year high of $15,700 a ton last week. Supplies of the metal, a key element in electronics solder and plating, have been under pressure due to disruptions in Indonesia and Bolivia.
TAIPEI – Acer Inc. has countersued Hewlett-Packard, alleging violation of four patents, the PC maker said today.
MINNEAPOLIS, MN – HEI Inc. announced net sales for the third quarter were $9.8 million, a decrease of $3.4 million year-over-year.
The largest decrease (approximately $1.4 million) was in the company’s microelectronics division; the division had a series of consolidations in the telecommunications industry and offshore outsourcing of a medical product customer, HEI said.
Net sales of HEI’s flexible substrate business were lower by approximately $1.8 million because of its primary external customer's initiative to consume excess inventories.
Profit was $199,000 (2% of net sales) for the quarter, compared to 18% for the same quarter last year. For the prior nine-month period, profit was $2.5 million, or 8% of sales, compared to 18% year-over-year.
The largest decrease (approximately $1.4 million) was in the company’s microelectronics division; the division had a series of consolidations in the telecommunications industry and offshore outsourcing of a medical product customer, HEI said.
Net sales of HEI’s flexible substrate business were lower by approximately $1.8 million because of its primary external customer's initiative to consume excess inventories.
For the nine months ended June 2, net sales were $33.3 million, a decrease of $5.4 million year-over-year.
Profit was $199,000 (2% of net sales) for the quarter, compared to 18% for the same quarter last year. For the prior nine-month period, profit was $2.5 million, or 8% of sales, compared to 18% year-over-year.
SPOKANE, WA – Selective solder equipment provider Robotic Process Systems Inc. has been acquired by an investor group led by GaitherCapital, a private equity firm based in San Francisco. No terms were disclosed.
Robotic Process Systems will operate under the name RPS Automation LLC and will continue to develop, manufacture, and market its products and services globally.
Jess Baker, a founder of the company, will be president of RPS Automation.
He will be joined by Reed Gaither, the new CEO, and Kari Novatney, a managing director of GaitherCapital, as CFO.
Robotic Process Systems will operate under the name RPS Automation LLC and will continue to develop, manufacture, and market its products and services globally.
Jess Baker, a founder of the company, will be president of RPS Automation.
He will be joined by Reed Gaither, the new CEO, and Kari Novatney, a managing director of GaitherCapital, as CFO.
TAIPEI — Compal Electronics will invest $500 million to build notebook PCs in Vietnam. It also plans to expand into LCD TVs, said chairman Rock Hsu Sheng-Hsiung at the ODM's June shareholders meeting.
The company, which counts Dell among its customers, is also investigating sites in Brazil, according to published reports.
Compal's primary factory is in Kunshan, China. The company employs more than 20,000 workers and expects sales to top $10 billion this year.
The company, which counts Dell among its customers, is also investigating sites in Brazil, according to published reports.
Compal's primary factory is in Kunshan, China. The company employs more than 20,000 workers and expects sales to top $10 billion this year.
MORRISVILLE, NC – Juki Automation Systems will offer a full three-year parts warranty to every customer on all new placement systems sold in the Americas and Europe.
That beats the industry standard one-year warranty on placement machines.
In a statement, Juki president and CEO Bob Black said, “A three-year parts warranty is unprecedented in our industry. The quality from our factory in Japan is so high that the extra two years of warranty costs us very little. Our customers can pencil in zero dollars on their parts budget for three years, even if they run the machines 24/7.”
That beats the industry standard one-year warranty on placement machines.
In a statement, Juki president and CEO Bob Black said, “A three-year parts warranty is unprecedented in our industry. The quality from our factory in Japan is so high that the extra two years of warranty costs us very little. Our customers can pencil in zero dollars on their parts budget for three years, even if they run the machines 24/7.”
