News
PHOENIX – EMS provider Suntron Corporation reported net sales of $65.2 million and an operating loss of $1.2 million for the first quarter of 2007.
Gross profit for the first quarter was $3.5 million (5.3% of net sales), a decrease of $4.5 million compared to $8 million (8.4% of net sales) year-over-year.
Net sales in the first quarter last year were $95.8 million. This reflected a one-time increase in sales from an industrial customer and strong demand from semiconductor equipment customers.
PALO ALTO, CA – HP announced net revenue of $25.5 billion for its second fiscal quarter ended Apr. 30, representing 13% growth year-over-year.
For the quarter, year-over-year, revenue in the Americas grew 11% to $10.7 billion; revenue in Europe, the Middle East and Africa grew 14% to $10.3 billion, and revenue in Asia Pacific grew 16% to $4.5 billion.
OTTAWA – Under a recent license agreement, Ottawa-based PELA Technologies Inc. will supply DEK VectorGuard stencils throughout Canada. Financial and other terms were not disclosed.
EL SEGUNDO – Communications infrastructure equipment OEMs are engaging in a spate of mergers and acquisitions to become one-stop shops that can sell everything needed for telcos to compete in IPTV, according to iSuppli Corp.
At stake is a market for IPTV equipment that is expected to grow to $22.1 billion in 2011, up from $9 billion in 2007, the company says.
Leading the OEM M&A frenzy is Ericsson – with its purchase of Marconi in 2005, Redback Networks Inc. and Entrisphere Inc. in 2006, and its current pursuit of Tandberg TV. The company is positioning itself to be a complete IPTV supplier, iSuppli says.
Also, Motorola Inc. has purchased Netopia Inc., Tut Systems Inc. and Vertasent LCC—a developer of Video-on-Demand and IPTV software—and has forged a strategic alliance with ECI Telecom Ltd. Cisco Systems Inc. has followed the same path with its purchase of Scientific- Atlanta, Linksys and Arroyo Video Solutions, a maker of video-networking software, continues the research firm.
Meanwhile, Nortel Networks Ltd. entered into an agreement to jointly develop middleware for the IPTV market with pay-TV software specialist NDS Ltd. During the same period, the merger that resulted in Alcatel-Lucent is a leader in the IPTV equipment space. Finally, Siemens and Nokia merged, creating another potentially powerful competitor, according to iSuppli.
iSuppli expects the M&A activity to sustain its fast pace in 2007. The focus of M&A activity in 2007 will be on middleware, VOD and possibly video encoding, the company predicts.
CHICAGO – Premier Farnell, distributor of electronic components, has launched an international design competition called Live Edge: Electronic Design for the Global Environment. Newark, a Premier Farnell business, will support the competition throughout the Americas.
Electronics engineers, students and academics are invited to submit designs that utilize electronic components and have a positive impact on the environment by increasing energy efficiency or reducing carbon emissions, for example.
The closing date for registration is Oct. 31; entries must be submitted by Nov. 30.
The winning entrant will receive a cash prize of $50,000 and a support package, estimated to be worth an additional $50,000, to help produce the design. The winner will be announced in Jan. 2008.
Full details are available at www.live-edge.com/info.
Up to five entrants will be eligible for honorable mentions, each receiving a cash prize of $5,000.
Industry judges will be announced soon. Live Edge will be largely Web-based to readily accommodate entrants on an international level.
ST. PETERSBURG, FL – Jabil Circuit Inc. has announced profits of $164.5 million based on revenue of $10.3 billion through their fiscal end of August 2006.
Despite a $28 million reduction in profits from Jabil's restatement of earnings in 2005, overall profit remained lower in 2006. Jabil earned $203.9 million, based on revenue of $7.5 billion in 2005, according to SEC restated numbers.
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