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YAVNE, Israel - Valor Computerized Systems showed continued growth for the ninth quarter in a row, and released financial results for the six-month period ending June 30.

Revenues were $9 million in the second quarter of 2005, an increase of more than 20% over Q2 2004 revenues of $7.45 million. Revenues increased year-on-year, growing from $14.6 million in the first half of 2004 to $17.7 million in the first half of 2005.

Net profit in the second quarter was $408,000, an increase of 133% over the adjusted profit for the same quarter last year. Net profit for the first half of the year was more than $1 million – up 200% from the same period last year.

CAMBRIDGE, U.K. -- Organic electronics -- thin film transistors and displays for electronic products in which the key component is organic -- are forecast to hit $30 billion by 2015, driven by logic and memory, displays and lighting.

The author of the study, research firm IDTechEx, says organic electronics will not affect sales of silicon chips, however.

SAN FRANCISCO -- CIOs in July predicted IT budgets will grow this year, up from 6% in June.

Spending projections were up in all categories month over month, except telecom equipment.

BANNOCKBURN, IL – The 90-day moving average shipments of all types of circuit boards rose 3.3% year-on-year in June, and bookings jumped 37.4%, according to the latest poll of North American PCB fabricators.

FRAMINGHAM, MA – The worldwide mobile phone market showed signs of recovery from the first quarter of 2005 due to impressive shipments of entry-level mobile phones to both developing and mature markets.

According to research firm IDC, worldwide mobile phone shipments totaled 188.7 million units in the second quarter, increasing 7.3% sequentially and 16.3% from the same quarter one year ago.

CHICAGO – A pair of Chicago high school students are the latest scholarships winners from a fund endowed by Circuits Assembly and Technology Forecasters.

Salvador Montoya and Israel Rodriguez, both students at Curie Metropolitan High School, received $500 each in scholarship funds from an IPC fund that supports secondary electronics programs.

The Scholarship Fund also donated $1,000 to the school for additional educational materials and equipment for Curie’s electronics program.

Criteria for the award included a 3.0 GPA in electronics, a 90% attendance record and a history of achievement in electronics at the school. The students also submitted written essays that described their plans for higher education and career goals.

In 2003, Circuits Assembly magazine and Technology Forecasters financed the $10,000 fund through a portion of entry fees from the Service Excellence Awards program. Each year, IPC donates up to $2,500 to the school.

Kim Sterling, IPC vice president of marketing and communications, said in a statement that Curie was chosen as the sole beneficiary “because of the school’s three-year industrial electronics course that gives students work-oriented, hands-on experience using the latest advancements in business and technology.”