SAN JOSE – Tessera Technologies announced it has signed a definitive agreement to acquire Eyesquad for $18 million in cash. Eyesquad develops and designs digital auto-focus and optical zoom products for camera phones and other products that integrate cameras. Under the terms of the agreement, Tessera will pay about $18 million in cash for all outstanding Eyesquad equity. The transaction is expected to close in the first quarter of 2007.
AMSTERDAM - Sony Ericsson will move some handset production to India, where it will be built by Flextronics and Foxconn, the company said today.
The world's fourth largest handset maker said in a statement, "In addition to competitive pricing, these phones will offer customised features for the Indian market, such as local content and customized keypads."
The Indian cellphone market is expected to hit 10 million units by 2009. Sony Ericsson phones sold about 75 million units in 2006.
Sony Ericsson is a five-year-old JV between Sony Corp. and Ericsson.
The world's fourth largest handset maker said in a statement, "In addition to competitive pricing, these phones will offer customised features for the Indian market, such as local content and customized keypads."
The Indian cellphone market is expected to hit 10 million units by 2009. Sony Ericsson phones sold about 75 million units in 2006.
Sony Ericsson is a five-year-old JV between Sony Corp. and Ericsson.
TORONTO -- Celestica Inc. today announced its fourth-quarter net loss widened to $60.8 million on a 9% revenue gain to $2.26 billion. The company announced another round of restructuring, which will
result $60 million to $80 million more in charges.
For the quarter ended Dec. 31, the GAAP net loss included a $30 million charge for inventory provisions at its Monterrey, Mexico, facility; and a $59 million restructuring charge. The GAAP net loss last year was $28.2 million, including $57 million in restructuring charges.
For the quarter ended Dec. 31, the GAAP net loss included a $30 million charge for inventory provisions at its Monterrey, Mexico, facility; and a $59 million restructuring charge. The GAAP net loss last year was $28.2 million, including $57 million in restructuring charges.
MINNEAPOLIS – SMTA repeated its call for abstracts for the SMTA International conference. The deadline for abstracts is Feb. 16. Abstract may be submitted at www.smta.org/smtai/call_for_papers.cfm.
The conference takes place Oct. 7-11 in Orlando.
Papers should describe significant results from experiments, emphasize new techniques, and contain technical, economic or appropriate test data. Material should be original, unpublished and noncommercial.
Papers are being solicited in the following categories: emerging technologies/hot topics; components; assembly; PCB technology; process control, and business.
The conference takes place Oct. 7-11 in Orlando.
Papers should describe significant results from experiments, emphasize new techniques, and contain technical, economic or appropriate test data. Material should be original, unpublished and noncommercial.
Papers are being solicited in the following categories: emerging technologies/hot topics; components; assembly; PCB technology; process control, and business.
LONDON – The UK Environment Agency formally approved a Producer Compliance Scheme offered by Environ, a UK-based consulting group, the company said today.
“We are delighted to have received our formal approval documents from the Environment Agency today,” said Dr. Aidan Turnbull, Head of WEEE, RoHS and Eco-Design at Environ.
UK WEEE Regulations require manufacturers and importers of electrical and electronic equipment to join an approved PCS by March 15.
Details about Environ’s PCS are available at www.b2bweee-scheme.com.
“We are delighted to have received our formal approval documents from the Environment Agency today,” said Dr. Aidan Turnbull, Head of WEEE, RoHS and Eco-Design at Environ.
UK WEEE Regulations require manufacturers and importers of electrical and electronic equipment to join an approved PCS by March 15.
Details about Environ’s PCS are available at www.b2bweee-scheme.com.
SAN JOSE -- Flextronics today reported record net sales of $5.4 billion for its third quarter, up 31% from a year ago. For the period ended Dec. 31, GAAP net income increased 183% to a record $119 million.
"Flextronics is aggressively taking market share and is in position to exceed its long-term financial goal of 15 to 20% year-over-year operating growth in calendar 2007," wrote analyst Carter Shoop of Deutsche Bank Equity Research in a research note last night.
"Flextronics is aggressively taking market share and is in position to exceed its long-term financial goal of 15 to 20% year-over-year operating growth in calendar 2007," wrote analyst Carter Shoop of Deutsche Bank Equity Research in a research note last night.
