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WASHINGTON, DC – TechNet, the bipartisan political network of CEOs that promotes the growth of the innovation economy, today urged Congress to approve the economic rescue package now under consideration.
"We urge Congress to approve the economic rescue package now before the Senate," said Lezlee Westine, president and CEO of TechNet. "Not only is the bill essential to stabilizing our nation's economy, but it also includes vitally important tax incentives for clean energy and research and development that can help create thousands of high skilled jobs in America.
"We strongly believe the financial package before Congress is far too important to the stability of our economy to let fail," said Westine in a press release. "This measure is not just for financial services, and if no action is taken will hurt businesses across every sector because we are all affected by problems in the credit markets. The ramifications would quickly boomerang throughout the whole US economy and we simply cannot let that happen."
EL SEGUNDO, CA – PC demand continues to defy economic and financial woes, with second-quarter worldwide unit shipments growing 14.5% year-over-year to reach 70.2 million units. No changes occurred sequentially among the top five OEM rankings, says iSuppli Corp.
Overall PC shipments came in higher than forecast, said Matthew Wilkins, principal analyst, compute platforms for iSuppli. “iSuppli maintains its enthusiasm for the PC market in 2008, despite the challenging conditions. iSuppli’s latest forecast for the 2008 PC market estimates unit growth of 12.5%.”
“Hewlett-Packard continued its impressive start to 2008, with shipments of 13.4 million units, maintaining its worldwide No. 1 ranking at a share of 19.1%,” Wilkins said. “However, the second quarter represented Dell’s fourth consecutive quarter of market share growth, with the company delivering shipments of 11.2 million units and a share of 16%.”
Acer and Lenovo continued their fierce scrap, although with no change in rank, says the firm. Acer held onto third place with a 9.5% share, and Lenovo maintained fourth place, with a 7.9% share.
Lenovo proved Dell wasn’t the only top five OEM that could grow share, delivering a 1% sequential increase in share to reach 7.9%.
The second quarter was the fourth consecutive quarter during which Dell gained market share, noted iSuppli.
Overall PC shipments came in higher than forecast, said Matthew Wilkins, principal analyst, compute platforms for iSuppli. “iSuppli maintains its enthusiasm for the PC market in 2008, despite the challenging conditions. iSuppli’s latest forecast for the 2008 PC market estimates unit growth of 12.5%.”
“Hewlett-Packard continued its impressive start to 2008, with shipments of 13.4 million units, maintaining its worldwide No. 1 ranking at a share of 19.1%,” Wilkins said. “However, the second quarter represented Dell’s fourth consecutive quarter of market share growth, with the company delivering shipments of 11.2 million units and a share of 16%.”
Acer and Lenovo continued their fierce scrap, although with no change in rank, says the firm. Acer held onto third place with a 9.5% share, and Lenovo maintained fourth place, with a 7.9% share.
Lenovo proved Dell wasn’t the only top five OEM that could grow share, delivering a 1% sequential increase in share to reach 7.9%.
The second quarter was the fourth consecutive quarter during which Dell gained market share, noted iSuppli.
MORRISVILLE, NC – Juki Corp., a provider of automated assembly lines, closed the third quarter with record growth of more than 35% year-over-year.
Sales of surface mount placement systems grew nearly 40%, complemented by more than 20% growth in the selective solder line.
Juki reported the strong start of the FX-3 high-speed placement system was a major factor in 2008 sales.
Sales of surface mount placement systems grew nearly 40%, complemented by more than 20% growth in the selective solder line.
Juki reported the strong start of the FX-3 high-speed placement system was a major factor in 2008 sales.
NEW YORK -- Matsushita Electric Industrial Co. made it official today, changing its name to Panasonic Corp.
The electronics company, one of the largest in the world, said last month it would switch to its more common brand, "Panasonic," over its traditional names, which includes "National" in Japan.
The changeover will be complete by the end of March 2010, the firm said.
CARLSBAD, CA –Dot Hill Systems will outsource manufacturing to Foxconn Technology Group, the company said today.
Under terms of the agreement, Foxconn will supply manufacturing, assembly and test services from its China facilities. Final integration services including final assembly, testing and configure-to-order, will be performed worldwide.
The companies did not disclose contract terms.
TAIPEI – Leading PC ODM Asustek Computer is forecasting notebook shipments to grow 50% and PC shipments to jump 60% next year, according to reports.
TEMPE, AZ – The manufacturing sector in September dropped to its lowest level since October 2001 – the month following the terrorist attacks on New York City and Washington – the Institute for Supply Management reported today.
HARTLEPOOL, ENGLAND – The Stadium Group has acquired Fox Industries for £100,000, the electronics manufacturer said today.
Fox, which designs and sells of power supplies and other components for high-reliability applications, has reported annual sales of £300,000.
Fox owner Roger Barrett will be named business development director of Stadium Power.
Last month, Stadium reported pretax earnings rose 13% to £1.4 million. Chief executive Nigel Rogers said the company is continuing to look for other potential acquisitions in power and electronics.
EINDHOVEN, NETHERLANDS РAssembl̩on will reduce its worldwide headcount by 210 positions, or 29%, in response to the downturn in the global economy and the placement equipment market, the company said today.
The proposed plans would drop the company's global workforce to 510, from its current 720. Included in the cuts would be 135 positions in the Netherlands, where the company currently employs 390 workers.
Assembléon has asked its Works Council for advice on the proposed headcount reductions and will help affected employees find new positions, the company said in a press release.
The moves are being made to help the firm become "structurally profitable while maintaining its technology leadership."
EL SEGUNDO, CA – Global shipments of multi-standard video-decoder-equipped televisions are expected to rise to 966,000 units this year, up from zero in 2007. By 2012, shipments will rise to 41.7 million units, says iSuppli Corp.
The global transition from analog to digital television broadcast is spurring TV makers to offer sets with more advanced video decoding chips, capable of working with multiple and new video standards.
Across the globe, the transition away from analog and toward digital television broadcasting is proceeding. Some regions, like North America, have nearly completed the transition, while other parts of the world – like South America and regions of the Middle East – are just getting started defining which digital standard to adopt and when to schedule their analog shutoff, says the firm.
Regions such as Eastern Europe and Scandinavia, as well as countries such as France and China, now are rolling out digital TV broadcast systems that use these newer technologies, paving the way for broader adoption in the future, according to iSuppli.
The global transition from analog to digital television broadcast is spurring TV makers to offer sets with more advanced video decoding chips, capable of working with multiple and new video standards.
Across the globe, the transition away from analog and toward digital television broadcasting is proceeding. Some regions, like North America, have nearly completed the transition, while other parts of the world – like South America and regions of the Middle East – are just getting started defining which digital standard to adopt and when to schedule their analog shutoff, says the firm.
Regions such as Eastern Europe and Scandinavia, as well as countries such as France and China, now are rolling out digital TV broadcast systems that use these newer technologies, paving the way for broader adoption in the future, according to iSuppli.
SAN JOSE -- The current slowdown in chip production will be tied to the depth and length of the US financial crisis, an industry researcher asserts in the latest issue of the SEMI newsletter.
SOUTH PLAINFIELD, NJ – Cookson Electronics’ Assembly Materials Group has promoted Rick Ertmann to president, responsible for its Alpha and Semiconductor Packaging units.
