News
ROLLING MEADOWS, IL – With a traveling classroom on its doorstep (AKA the rework bus), the front office at BEST Inc. looks like any other office. But then you round the corner. Like Oz behind the curtain, the bustling building is much larger than the front desks imply. And even at 7:30 a.m., ample staff works diligently as if they’d been there for hours.
On Aug. 14, BEST opened its suburban Chicago doors to local SMTA chapter members and about 50 industry professionals from around the country. President Bob Wetterman’s spacious repair/rework facility provided the backdrop (and tasty breakfast casseroles) for a classroom-style educational symposium, with speakers from the host firm, OK International and VJ Electronix, as well as five hands-on demonstrations presented by on-the-job technical staff.
SAN FRANCISCO – Hewlett-Packard Co.’s third-quarter revenues were $28 billion, up 10% year-over-year, according to Deutsche Bank Equity Research.
According to other published reports, H-P's profits jumped 14% in the quarter, to $2.03 billion.
Strong PC results offset weakness in printers, says DB.
DB expects fourth-quarter revenues of $30.2 to 30.3 billion for H-P.
The research firm has adjusted full-year 2008 estimates to $115 billion.
SAN JOSE, CA – North America-based manufacturers of semiconductor equipment posted $905 million in orders in July and a book-to-bill ratio of 0.83, says SEMI.
SOUTH PLAINFIELD, NJ – Effective Sept. 1, Cookson Electronics will increase its prices on alcohol-based chemicals, including Alpha thinners and wave solder fluxes.
SAN JOSE, CA – Revenue for the worldwide EMS market was $261 billion in 2007, up 17% year-over-year, according to Electronic Trend Publications.
YAVNE, ISRAEL – Software provider Valor Computerized Systems Ltd. reported second-quarter revenues of $10.7 million, up 2% year-over-year.
Net profit was $600,000, up 6% compared to the second quarter of 2007.
Revenues in the first half of 2008 were $21.4 million, up 2% compared to the same period last year.
First-half net profit was $2.1 million, up 43% year-over-year.
“Q2 was a good quarter for Valor, despite the slowdown in global economy and the weakness of the US$,” said Valor’s CEO Dan Hoz. “During the quarter we established three new OEM agreements with major machine vendors, who will be selling our products together with their machines.”
Valor has recently engaged in a process of repurchasing its own shares up to a total of $3 million, the company said.
