DANVILLE, VA -- EIT has opened its second manufacturing facility here, the fourth overall for the contract electronics assembler.

SAN JOSE – North America-based manufacturers of semiconductor equipment posted $939.4 million in orders in October (three-month average basis), down 41.1% year-over-year and up 1.4% sequentially, says SEMI.

The book-to-bill ratio was 0.74.

A book-to-bill of 0.74 means that $74 worth of orders was received for every $100 of product billed for the month.

The three-month average of worldwide billings in October was $1.27 billion, down 22% year-over-year and down 3.6% sequentially.

“The recent period’s billings and bookings reflect the slowing capital investment in the industry that has been evident throughout the year,” said Denny McGuirk, president and CEO of SEMI. “While overall spending has declined, investments in NAND Flash, sub-30nm technology, and system LSI are ongoing.”

DONCASTER, UK -- SMT Xtra will begin offering contract electronics manufacturing services, the company said this week.

MUNICH -- Day 3 at Productronica has come and gone, with fireworks both literal and figurative.

VIENNA – Jabil Healthcare & Life Sciences, a design and manufacturing services company, has opened a new class 1K clean room in Austria, and inaugurated its medical new product introduction assembly work cell.

EL SEGUNDO – An unusually large decline of nearly 5% in the pricing of TV panels caused by anemic demand helped drive down overall prices of large-sized LCD panels in September by the highest margin in a year, says IHS iSuppli.

The 4.9% contraction in LCD TV panel pricing was the steepest in at least 12 months, and also was the second straight month of decline greater than 4%. In August, LCD TV panel pricing fell 4.3%, following dips averaging less than 1% in the prior four months. For an even bigger drop than that in September, one would have to go back a full 12 months to the same time last year, when LCD TV panel prices dropped 5.2% in September 2010. The price reductions on TV panels were continuing in October, as the end of 2011 approached, says the firm.

The weak pricing in the TV sector meant that overall prices remained depressed for large-sized LCD panels, including those used for monitors and notebook computers.

Average LCD panel pricing for all three sectors – televisions, notebooks and monitors – in September was down 3.8% sequentially. This marked the largest monthly decline since the 4.1% drop in September 2010.

“Slumping demand in Western Europe and North America are primarily to blame for the poor performance of LCD TV panels,” said Sweta Dash, senior director for liquid crystal displays research at IHS. “Given the already faltering economies of those regions and the threat of a double-dip recession looming, global LCD TV shipments continue to suffer, impacting the TV panel market especially hard.”

Also contributing to the depressed market for LCD TV panels was the China factor. Panel purchases in China are mostly completed by August in anticipation of the country’s National Day celebrations in October – a weeklong event that normally sees a surge in consumer purchases, including those for televisions.
The next big splurge by China on LCD TV panels is not expected until the end of the year, timed to coincide with Lunar New Year festivities in late January of 2012, says IHS.

In addition to the weak demand, the decrease in pricing is being spurred by moves among panel suppliers.

To boost LCD TV panel demand and entice TV manufacturers to buy more, panel suppliers offered very aggressive prices for the forthcoming Black Friday and Christmas holiday buying season in the US and Europe. But because TV brands also are setting highly competitive pricing to lure consumers in the weeks to come, that in turn has ratcheted up pressure on LCD TV panel manufacturers to lower their prices, especially on panels featuring the popular LED technology. With pricing on some TV panels reaching the cash-cost level, panel manufacturers cut utilization rates in their fabs to 70% in September, the lowest level for the year. They also trimmed inventories to reduce oversupply and restore balance to the panel market, the research firm says.

September pricing for 40" and 42" LCD TV panels fell by $10 to $15 on average and was down a smaller 5% for 46" and 47" panels. Rates continued to drop in October, though at lower levels, and US retailers are expected by Black Friday to offer 42" LCD TV sets featuring full high-definition and light-emitting diode technology at less than $400.

Unlike TV panels, monitor and notebook panels saw September pricing fall more moderately, in both cases dipping 1.7% from their August levels. Monitor demand fared better in the corporate segment worldwide than among consumers, who stayed more focused on mobile devices like smartphones and tablets, such as Apple’s iPhone and iPad. Notebook panels, however, continued to struggle with weak numbers, and back-to-school sales were disappointing – again because of inroads made by smartphones and tablets into consumer households, says IHS.

Overall large-sized LCD panel pricing continued to fall by another few percentage points in October, but pricing is expected to stabilize somewhat in November because of controlled panel production.

EL SEGUNDO – Global ultrabook shipments are expected to soar to 136.5 million units in 2015, up from less than 1 million in 2011, a massive level of growth that will have major repercussions for the global electronics supply chain, says IHS iSuppli.

IRVINE, CA – Probe Manufacturing reported third-quarter net sales increased 61% year-over-year to $1.23 million.

The electronics design and manufacturing services company reported operating income of $92,820, up 380%, with net income up 212% over the same period last year.

“Sales increased to $3,298,692 for the nine months ending September 30, 2011, an increase of 65% compared to $2,005,237 for the previous year, and profitability continues on a strong, consistent pace,” said John Bennett, CFO of PMI.

MUNICH – Any fears that Productronica would be a disappointment were allayed today. The crowds were out in force, with the show floor busy from opening to close.

ST. LOUIS – Viasystems Group said it would withdrawal its previously announced proposed public offering of 2,000,000 shares of common stock, as well as its shareholder's offering of 2,000,000 shares of common stock.

The provider of multilayer printed circuit boards and electromechanical solutions made the decision to withdraw the offering as a result of unfavorable market conditions.

SANTA CLARA – Agilent Technologies reported $1.73 billion in fourth-quarter revenues, up 9% year-over-year.

Net income was $289 million, down slightly more than 1% compared to the same period in 2010.

The measurement firm’s R&D spending during the quarter increased 3% to $163 million compared to the year-ago period.

It finished the quarter with $3.53 billion in cash and cash equivalents.

PÉCS, HUNGARY – Contract electronics manufacturer Flextronics could hire up to all 1,500 recently laid off Elcoteq staff here, say published reports.

Flextronics reportedly plans to hire 500 of the 1,500 workers Elcoteq dismissed last month in Pécs, plus the other 1,000 at its site under expansion in Zalaegerszeg, Hungary.

Flextronics has neither confirmed nor denied the report.