News
TOKYO -- Matsushita
reported record profits of 281.9 billion yen ($2.7
billion) for its fiscal year ended in March, up about 30% from last year, on a 0.4% uptick in sales, to 9.07 trillion yen ($86.9 billion).
Operating profit rose 13% to 519.5 billion yen ($4.98 billion).
MAJORCA, SPAIN – Sales of consumer electronics at retail stores will rise 8% this year, down from 14% in each of the past two years, says a leading analyst.
Jürgen Boyny, a consumer electronics analyst for market research institute GfK, said mobile phones will make up about 25% of consumer electronics sales this year, he said, followed by flat-panel TVs (19%), PCs (17%) and digital cameras (6%).
GREENVILLE, SC – Component maker Kemet Corp. reported its executive vice president and chief financial officer David Gable is resigning.
Gable leaves the company to pursue other avenues, Kemet said.
The company announced a restructuring plan in January that will dissolve 120 jobs in the U.S. and 250 jobs in Mexico, with some work moving to China. The company said the job cuts would save about $16 million annually, with a one-time cost of about $7 million.
Gable will remain with the company during the search for a successor.
EL SEGUNDO, CA – The DRAM market finally is showing some signs of improvement, prompting iSuppli Corp. to upgrade its rating of near-term conditions for suppliers.
iSuppli is raising its DRAM rating to ‘neutral,’ up from its ‘negative’ assessment issued in November.
BANNOCKBURN, IL – March PCB shipments among North American fabricators rose 9.5% year-over-year, while bookings jumped 11.2%. Rigid shipments were up 9.5%, and flex shipments were up 9.7%, said IPC.
BREDA, HOLLAND – Cobar Europe BV, member of the Balver Zinn Group and supplier of solder pastes, fluxes, and other electronics soldering materials, has acquired a global license to distribute solder pastes and wire using the SN100C alloy developed by Nihon Superior Co. Ltd.
The license permits Cobar Europe and Cobar Solder Products to sell SN100C solder paste and wire in specific territories allocated by Nihon Superior.
No financial terms were disclosed.
SN100C is a patented nickel stabilized tin/copper alloy that is based on the eutectic 99.3% tin 0.7% copper with a trace amount of nickel.
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