SAN JOSE -- Flextronics International today agreed to sell a majority stake in its software development business to private-equity firm Kohlberg Kravis for $900 million.
Flextronics expects to receive $600 million in
cash consideration and $250 million in notes with a 10.5%
paid-in-kind interest coupon which matures in eight years.
Flextronics expects to net $175 million after taxes upon closing, which is expected this summer.
Flextronics expects to net $175 million after taxes upon closing, which is expected this summer.
SALT LAKE CITY -- CirTran Corp. reported record sales and narrowed its net loss by 20% for its fiscal year ended Dec. 31.
The contract manufacturer reported a net loss of $527,708 on net sales of $12.99 million, up 46.6% from fiscal 2004. Gross profit rose 243% to $6.3 million.
The contract manufacturer reported a net loss of $527,708 on net sales of $12.99 million, up 46.6% from fiscal 2004. Gross profit rose 243% to $6.3 million.
FRANKLIN, MA – The U.S. Patent Office has issued a patent to Speedline Technologies for the method first used its Accela printer’s stencil wiper system.
US Patent no. 7,017,489 covers a method used to minimize downtime from wiper service during the printing operation. This method can be used on screen and stencil printers.
Joe Perault, Speedline manager of applications engineering, is credited with the invention.
US Patent no. 7,017,489 covers a method used to minimize downtime from wiper service during the printing operation. This method can be used on screen and stencil printers.
Joe Perault, Speedline manager of applications engineering, is credited with the invention.
GREENVILLE, SC -- Kemet Corp. has completed its previously announced acquisition of Epcos AG's tantalum capacitor business for 86.5 million euros (approximately $103 million). Kemet is paying $81.3 million in cash and the rest in assumed liabilities and working capital adjustments.
The acquisition includes the Epcos tantalum capacitor manufacturing operation in Evora, Portugal, plus certain R&D, marketing and sales functions in various locations, primarily within Europe.
The deal does not include Epcos's tantalum capacitor manufacturing facility in Heidenheim, Germany. Epcos' will continue to produce product exclusively for Kemet at the Heidenheim facility. Once the transition is completed, in September, Kemet will purchase the Heidenheim manufacturing assets.
About $93.5 million of the deal is tied to the closing. The remainder will be paid when the manufacturing and supply agreement expires in September.
The acquisition includes the Epcos tantalum capacitor manufacturing operation in Evora, Portugal, plus certain R&D, marketing and sales functions in various locations, primarily within Europe.
The deal does not include Epcos's tantalum capacitor manufacturing facility in Heidenheim, Germany. Epcos' will continue to produce product exclusively for Kemet at the Heidenheim facility. Once the transition is completed, in September, Kemet will purchase the Heidenheim manufacturing assets.
About $93.5 million of the deal is tied to the closing. The remainder will be paid when the manufacturing and supply agreement expires in September.
BURLINGTON, VT -- The 50 largest EMS companies topped $100 billion in sales for the first time, accounting for 2005 revenue of $109.2 billion.
Combined sales for top 50 companies grew 14.4% in 2005. Growth was heavily influenced by the estimated results of Hon Hai Precision Industry (Foxconn); without Hon Hai, the remaining 49 providers produced an aggregate growth of 3.1%.
Combined sales for top 50 companies grew 14.4% in 2005. Growth was heavily influenced by the estimated results of Hon Hai Precision Industry (Foxconn); without Hon Hai, the remaining 49 providers produced an aggregate growth of 3.1%.
SAN JOSE -- Hammer Storage, a
division of Bell Microproducts, has added the Hammer NA-1400 Network-Attached Storage Appliance to its
product line.
The high capacity device provides up to two terabytes of external storage in a compact, toaster-sized package. It is designed by Newisys Inc., a developer of computing and storage designs, and manufactured by its parent company Sanmina-SCI.
The high capacity device provides up to two terabytes of external storage in a compact, toaster-sized package. It is designed by Newisys Inc., a developer of computing and storage designs, and manufactured by its parent company Sanmina-SCI.
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