News
LOUISVILLE -- Sypris Solutions today reported sales rose 9% year-on-year to $132.1 million for its fourth quarter. The net loss was $300,000, up from a loss of $800,000 a year ago.
For the year, Sypris reported revenue rose 23% to a record $522.8 million compared to $425.4 million for the prior year. Net income for the year was $5.3 million, down from compared to $8.3 million.
For the year, Sypris reported revenue rose 23% to a record $522.8 million compared to $425.4 million for the prior year. Net income for the year was $5.3 million, down from compared to $8.3 million.
CAYMAN ISLANDS -- Solectron Corp.'s financial arm has sold $150 million worth of 8% notes.
The transaction was conducted by Solectron Global Finance Ltd., an indirect, wholly-owned subsidiary of Solectron based in the Cayman Islands.
The notes will mature March 15, 2016. Solectron did not immediately disclose what the capital would be used for.
The transaction was conducted by Solectron Global Finance Ltd., an indirect, wholly-owned subsidiary of Solectron based in the Cayman Islands.
The notes will mature March 15, 2016. Solectron did not immediately disclose what the capital would be used for.
NASHVILLE – Calling it “surprising,” Kyzen Corp. on Wednesday rejected an unsolicited yet public bid for the maker of cleaning products by Zestron Corp.
Earlier today, Zestron had announced its interest in purchasing Kyzen, reportedly offering a premium to shareholders of the Nashville-based cleaning products provider.
In a statement issued Wednesday evening Kyzen chief executive and president Kyle J. Doyel said the firm “has not solicited, nor has it directed management to solicit, offers from any party or have discussions regarding a potential sale.”
In a statement issued Wednesday evening Kyzen chief executive and president Kyle J. Doyel said the firm “has not solicited, nor has it directed management to solicit, offers from any party or have discussions regarding a potential sale.”
GARDEN GROVE, CA -- OK
International, a maker of soldering and desoldering tools, has named Tom Seratti vice president of global sales and marketing.
Seratti has spent 25 years in electronics manufacturing. He previously ran Marshall Industries/Avnet Production Supply and Test, and was co-owner of SPI Westek, a manufacturer of ESD control products in Anaheim, CA.
ENDICOTT, NY – Endicott Interconnect and VisiLED have entered a development and manufacturing agreement for medical devices. EI’s Precision Equipment Manufacturing team will provide contract manufacturing services, including prototype fabrication, product development, manufacture and test of LED lights. The first devices produced by EI directly replace existing overhead operating room lights and will be available for sale in the second quarter of the year.
VisiLED develops LED-based lighting systems for use in surgical suites, medical and dental exam rooms. These devices replace current halogen and xenon bulb technology with smaller, LED light sources which reduce power consumption, heat generation and device weight, while providing greater light intensity and improved light color. Other products under development include an endoscope light, used for examination and photography within the human body, and a device for illuminating deep cavities during surgery.
New York – The introduction of Microsoft's Vista in the second half of the year will drive PC demand as users upgrade to higher performing PCs to maximize the benefits of the improved OS, according to Deutsche Bank analysts.
Users may migrate to systems with dual-core processors, 1GB+ RAM and enhanced GPUs, particularly mobile users and those who favor video editing or high-end gaming. DB believes Vista will spur a positive mix-shift across the PC industry, reversing the recent shift towards low-end desktops and notebooks.
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- Absolute EMS Expands Capabilities to Support the AI Industry with High-Complexity, High-Reliability PCB Assembly Services