News
SIOUX FALLS, SD – Raven Industries Inc. reported third-quarter Electronic Systems division sales of $17.9 million, down 12% year-over-year. Operating income was down 49% to $1.8 million.
However, strong demand for flow controls division products lifted revenues and earnings to new highs for the third quarter and year-to-date ended Oct. 31. Third-quarter sales grew 22% year-over-year to $75.5 million. Net income was $8.4 million, up 13% compared to the same quarter last year.
For the nine months, sales of $220 million represented a 25% improvement over the same period in 2007, while net income expanded 20% to $26.1 million.
For the quarter, sales at the flow controls division expanded 61% from a year ago, to $25.9 million. Year-to-date revenues were up 75%, reaching $83.5 million.
Electronics Systems’ sales for the nine-month period were down 11%, to $45.9 million, and operating income was $3.7 million, down 56% year-over-year.
However, strong demand for flow controls division products lifted revenues and earnings to new highs for the third quarter and year-to-date ended Oct. 31. Third-quarter sales grew 22% year-over-year to $75.5 million. Net income was $8.4 million, up 13% compared to the same quarter last year.
For the nine months, sales of $220 million represented a 25% improvement over the same period in 2007, while net income expanded 20% to $26.1 million.
For the quarter, sales at the flow controls division expanded 61% from a year ago, to $25.9 million. Year-to-date revenues were up 75%, reaching $83.5 million.
Electronics Systems’ sales for the nine-month period were down 11%, to $45.9 million, and operating income was $3.7 million, down 56% year-over-year.
HIALEAH, FL – Simclar Inc. reported sharp revenue drops for its past two quarters, citing the telecommunications infrastructure sector, which accounts for some 60% of the company's business, and production problems in its Mexico facility.
SAN JOSE – Global sales of semiconductors will fall 2.2% in 2009, according to a revised forecast by the World Semiconductor Trade Statistics group, citing the overall economy.
MINNEAPOLIS – DfR Solutions, provider of quality, reliability, and durability solutions, has hired Dr. Randy Schueller, an expert in component packaging and Pb-free.
Dr. Schueller will head the firm’s newly established Minneapolis office.
Prior to joining DfR, Dr. Schueller held management and leadership positions in component engineering, Pb-Free transition, and packaging at 3M, Extreme Devices and Dell.
Dr. Schueller will head the firm’s newly established Minneapolis office.
Prior to joining DfR, Dr. Schueller held management and leadership positions in component engineering, Pb-Free transition, and packaging at 3M, Extreme Devices and Dell.
SANTA CLARA, CA – Agilent Technologies is offering a boundary scan online user group on Dec. 15 at 12 p.m. EST.
The online meeting will address boundary scan issues: Are you informed? Are you a user? Should you be? Have an experience to share? Want to hear what other users are talking about?
JJ Grealish, Intel, will discuss boundary scan coming of age; Ted T. Turner, CoGen Marketing Consulting, will address how Desktop BSCAN helps; Ken Parker, Agilent, will talk about how to turn on 1149.6 and what happens next, and Michael Johnson, Asset Intertech, will present a BSDL validation case study.
To register for the two-hour event, visit
EL SEGUNDO, CA – After years of double-digit annual growth, China's 2008 semiconductor sales are expected to rise only 6.7% year-over-year to reach $81.7 billion, iSuppli Corp. predicts.
China’s domestic market situation improved in 2008, despite regulatory restrictions and an incomplete supply chain, says the research firm. Popular applications supporting new domestic standards will appear in 2009 as their industrial ecosystems mature. Although there is substantial economic uncertainty, continued revenue growth is anticipated in 2009, according to iSuppli.
Moreover, venture capitalists generally lack interest in China's IC industry. A majority of semiconductor firms are short of capital and face cash flow problems.
“iSuppli expects more than 100 Chinese IC companies to disappear within the next two years,” warned Vincent Gu, China research analyst at iSuppli. “Many companies presently are seeking buyers, and a total of four companies already have been acquired by foreign semiconductor firms during the past 12 months.”
iSuppli predicts China's fabless IC industry will grow faster than the foundries, but notes it is fragmented, with about 50 successful companies and dozens more struggling to survive.” Most companies have announced layoffs, cut production lines or have shut down entirely,” Gu said.
