News
HIALEAH, FL -- Simclar Inc. intends to voluntarily delist its common shares from the Nasdaq Capital Market and voluntarily deregister its common shares by Dec. 19 and cease filing reports with the Securities and Exchange Commission, the EMS company said today.
The company, a 73.4% owned subsidiary of privately held Simclar Group Ltd., said the costs of its Nasdaq listing and SEC compliance is "substantial" and the benefits "intangible."
The company, a 73.4% owned subsidiary of privately held Simclar Group Ltd., said the costs of its Nasdaq listing and SEC compliance is "substantial" and the benefits "intangible."
CAMBRIDGE, MA -- Forrester Research lowered its 2009 US IT spending forecast
to 1.6%,
on slower demand for computers. The research group previously guided for 6.1% growth next year. It marks the fourth time in 10 months the firm has reduced its 2009 outlook.
NEW YORK -- Deutsche Bank Equity Research today cut its 2009 EMS industry revenue outlook to a 7% drop.
BREDA, HOLLAND – Cobar Europe recognized its top sales performers for 2008.
The Sales Team of the Year was awarded to PEM Technologies, manufacturer’s representatives for South Africa since November 2007.
Sales Person of the Year was awarded to Jerzy Ziolkowski of C.H. Erbslöh, representatives for Poland. In 2004, Erbslöh Poland won the sales team award.
Cobar Europe, part of the Balver Zinn Group, supplies solder, paste, fluxes and related materials.
The Sales Team of the Year was awarded to PEM Technologies, manufacturer’s representatives for South Africa since November 2007.
Sales Person of the Year was awarded to Jerzy Ziolkowski of C.H. Erbslöh, representatives for Poland. In 2004, Erbslöh Poland won the sales team award.
Cobar Europe, part of the Balver Zinn Group, supplies solder, paste, fluxes and related materials.
NEEDHAM, MA – PTC has acquired privately held Synapsis Technology Inc. for an undisclosed sum.
Spring House, PA-based Synapsis has approximately 25 employees and provides environmental regulatory compliance solutions to Motorola, Microsoft, Sony Ericsson, Visteon, Delphi, IBM, GE, Beckman Coulter, Teradyne and Cisco.
PTC provides product lifecycle management, content management and dynamic publishing solutions.
With the acquisition, PTC says it will broaden its support for green product design and enable customers to achieve compliance with REACH and other environmental regulations.
Spring House, PA-based Synapsis has approximately 25 employees and provides environmental regulatory compliance solutions to Motorola, Microsoft, Sony Ericsson, Visteon, Delphi, IBM, GE, Beckman Coulter, Teradyne and Cisco.
PTC provides product lifecycle management, content management and dynamic publishing solutions.
With the acquisition, PTC says it will broaden its support for green product design and enable customers to achieve compliance with REACH and other environmental regulations.
OLATHE, KS – EMS provider Elecsys Corp. reported fiscal second-quarter 2009 sales of $7.2 million, up 29% year-over-year. Net income was $424,000 for the quarter ended Oct. 31, up about 98% compared to the same period last year.
For the six-month period, net income totaled $533,000, up 65.5% year-over-year.
The firm expects a modest decline in revenues and profits for the third quarter, and a strong fiscal fourth quarter.
Total sales year-to-date increased 23% to $12.8 million. The increase is attributed to sales generated by the company’s Radix subsidiary's handheld computer business.
"The results reflect the strong growth of our Radix division, as well as the steady growth of NTG and the continued stability of DCI," said Karl Gemperli, Elecsys CEO.
Sales of Radix rugged handheld computer hardware and peripherals surged to approximately $3.3 million for the quarter. Radix sales included a $2.6 million order announced in July and delivered during the quarter to South Africa-based Transnet.
NTG sales of remote monitoring products were $833,000, up 2% year-over-year.
For the six-month period, net income totaled $533,000, up 65.5% year-over-year.
The firm expects a modest decline in revenues and profits for the third quarter, and a strong fiscal fourth quarter.
Total sales year-to-date increased 23% to $12.8 million. The increase is attributed to sales generated by the company’s Radix subsidiary's handheld computer business.
"The results reflect the strong growth of our Radix division, as well as the steady growth of NTG and the continued stability of DCI," said Karl Gemperli, Elecsys CEO.
Sales of Radix rugged handheld computer hardware and peripherals surged to approximately $3.3 million for the quarter. Radix sales included a $2.6 million order announced in July and delivered during the quarter to South Africa-based Transnet.
NTG sales of remote monitoring products were $833,000, up 2% year-over-year.
VANCOUVER – Electronics manufacturing services provider Creation Technologies has acquired Santa Clara, CA-based EMS firm ProWorks Inc. for an undisclosed sum.
ELK GROVE VILLAGE, IL – EMS provider SigmaTron International Inc. reported second-quarter fiscal 2009 revenues were $41.1 million, down 4% year-over-year.
Net income was $1.5 million, up 54% compared to the same quarter last year.
For the six months ended Oct, 31, revenues were $79.6 million, down nearly 4% year-over-year. Net income for the same period was $2.1 million, up 28.6% year-over-year.
“Unfortunately, starting the first week in November, we have seen our revenue drop approximately 30% from October's run rate. Given the condition of the economy, this slowdown comes as no surprise, and at this point, it will certainly continue for the third quarter and probably beyond. Recently, the company decided to postpone the planned expansion of its China facility, announced in July 2008, in response to the current economic conditions,” said Gary R. Fairhead, president and CEO.
Net income was $1.5 million, up 54% compared to the same quarter last year.
For the six months ended Oct, 31, revenues were $79.6 million, down nearly 4% year-over-year. Net income for the same period was $2.1 million, up 28.6% year-over-year.
“Unfortunately, starting the first week in November, we have seen our revenue drop approximately 30% from October's run rate. Given the condition of the economy, this slowdown comes as no surprise, and at this point, it will certainly continue for the third quarter and probably beyond. Recently, the company decided to postpone the planned expansion of its China facility, announced in July 2008, in response to the current economic conditions,” said Gary R. Fairhead, president and CEO.
ROGERS, CT - Rogers Corp. initiated a patent infringement complaint against Arlon Electronic Material Group for its sale in the US of Arlon TC-600 circuit board material.
The complaint claims Rancho Cucamonga, CA-based Arlon is infringing on a 1996 Rogers patent: Ceramic Filled Composite Polymeric Electrical Substrate Material Exhibiting High Dielectric Constant and Low Thermal Coefficient of Dielectric Constant.
In the complaint, Rogers demanded Arlon, a division of WHX Corp., cease manufacture, sale and distribution of its TC-600 materials.
Rogers develops and manufactures high-performance specialty material products.
The complaint claims Rancho Cucamonga, CA-based Arlon is infringing on a 1996 Rogers patent: Ceramic Filled Composite Polymeric Electrical Substrate Material Exhibiting High Dielectric Constant and Low Thermal Coefficient of Dielectric Constant.
In the complaint, Rogers demanded Arlon, a division of WHX Corp., cease manufacture, sale and distribution of its TC-600 materials.
Rogers develops and manufactures high-performance specialty material products.
PEMBROKE, BERMUDA – Tyco Electronics will lay off 2,500 staff globally, with 70 cuts coming in its Wilsonville, OR, plant, where the conglomerate employs approximately 500 workers, according to published reports.
The communication equipment maker said in November business would slow in 2009 as a result of increasing costs and the state of the economy.
The communication equipment maker said in November business would slow in 2009 as a result of increasing costs and the state of the economy.
BANNOCKBURN, IL – Assembly equipment salary budgets rose on average 7.4% for hourly workers, 5.6% for salaried employees and 3.6% for management this year, IPC said.
The association’s recent salary and wage report presents aggregate data on 41 positions and their related job descriptions. However, IPC did not disclose how many companies responded to the survey, nor did it breakout the results by region.
Benefits costs in 2007 were, on average, 23% of total wages, according to survey respondents.
IPC also published an executive compensation study, published for the exclusive use of participating member companies.
The association’s recent salary and wage report presents aggregate data on 41 positions and their related job descriptions. However, IPC did not disclose how many companies responded to the survey, nor did it breakout the results by region.
Benefits costs in 2007 were, on average, 23% of total wages, according to survey respondents.
IPC also published an executive compensation study, published for the exclusive use of participating member companies.
EL SEGUNDO – Worldwide capital spending on semiconductor manufacturing equipment in 2009 will decline to $35.2 billion, down 17.6% from 2008. This will mark the lowest level of spending since 2003, when semiconductor capital spending amounted to $33.8 billion, iSuppli Corp. said.
Following a dismal 2008, global spending on semiconductor manufacturing equipment in 2009 will fall to its lowest level in six years, as a result of weakening conditions in the chip and electronic equipment markets, according to iSuppli.
The decline in 2009 revenue will extend the downturn seen in 2008. Through the first three quarters of 2008, capital expenditures were down 15.3% year-over-year. iSuppli anticipates capital expenditures will fall 21.1% year-over-year to $42.7 billion by the end of 2008.
While the market for semiconductor manufacturing gear was showing signs of weakness in the second quarter, the extent of the market vulnerability really became apparent as the worldwide economic and financial crises flared up in the third quarter, says the firm.
“At the start of the second quarter, semiconductor equipment providers were still reeling from the sharp cuts in capital expenditures from the major memory chip suppliers,” said Len Jelinek, director and chief analyst for semiconductor manufacturing at iSuppli.
“Because of this, capital expenditures in 2008 already were depressed, with virtually no semiconductor supplier continuing to spend at historical rates. However, by the end of the third quarter, market demand virtually stopped, as global uncertainty driven by the threat of the collapse of the financial markets threw consumers into a tailspin. Companies throughout the electronic supply chain began to report declining sales and falling profits. The impact on semiconductor manufacturing was immediately apparent, with falling factory utilizations and significant reductions in capital spending, especially for capacity expansions.”
For semiconductor equipment makers, the sudden market collapse comes as a major letdown compared to previous expectations.
While the semiconductor industry as a whole remained in an overcapacity position at the start of the second quarter of 2008, there remained a strong potential to achieve supply/demand equilibrium with just a modest increase in demand. Because of this, semiconductor suppliers and chip equipment makers were looking forward to 2009 with the anticipation of modest growth, says iSuppli. Leading-edge chip manufacturers were rushing toward the 28/30 nm process technology nodes. In the background, the migration to next-generation, 450 mm wafers was becoming a hot topic.
However, these expectations flew out the window as the severity of the economic and electronics downturn became apparent in the third quarter.
Beyond the downturn, an expected key growth driver for the global semiconductor equipment industry has failed to materialize: massive capital expansions for new capacity in China. China has been unable to establish a technological manufacturing base that requires the use of advanced technologies and expensive new semiconductor manufacturing equipment, says the research firm.
Following a dismal 2008, global spending on semiconductor manufacturing equipment in 2009 will fall to its lowest level in six years, as a result of weakening conditions in the chip and electronic equipment markets, according to iSuppli.
The decline in 2009 revenue will extend the downturn seen in 2008. Through the first three quarters of 2008, capital expenditures were down 15.3% year-over-year. iSuppli anticipates capital expenditures will fall 21.1% year-over-year to $42.7 billion by the end of 2008.
While the market for semiconductor manufacturing gear was showing signs of weakness in the second quarter, the extent of the market vulnerability really became apparent as the worldwide economic and financial crises flared up in the third quarter, says the firm.
“At the start of the second quarter, semiconductor equipment providers were still reeling from the sharp cuts in capital expenditures from the major memory chip suppliers,” said Len Jelinek, director and chief analyst for semiconductor manufacturing at iSuppli.
“Because of this, capital expenditures in 2008 already were depressed, with virtually no semiconductor supplier continuing to spend at historical rates. However, by the end of the third quarter, market demand virtually stopped, as global uncertainty driven by the threat of the collapse of the financial markets threw consumers into a tailspin. Companies throughout the electronic supply chain began to report declining sales and falling profits. The impact on semiconductor manufacturing was immediately apparent, with falling factory utilizations and significant reductions in capital spending, especially for capacity expansions.”
For semiconductor equipment makers, the sudden market collapse comes as a major letdown compared to previous expectations.
While the semiconductor industry as a whole remained in an overcapacity position at the start of the second quarter of 2008, there remained a strong potential to achieve supply/demand equilibrium with just a modest increase in demand. Because of this, semiconductor suppliers and chip equipment makers were looking forward to 2009 with the anticipation of modest growth, says iSuppli. Leading-edge chip manufacturers were rushing toward the 28/30 nm process technology nodes. In the background, the migration to next-generation, 450 mm wafers was becoming a hot topic.
However, these expectations flew out the window as the severity of the economic and electronics downturn became apparent in the third quarter.
Beyond the downturn, an expected key growth driver for the global semiconductor equipment industry has failed to materialize: massive capital expansions for new capacity in China. China has been unable to establish a technological manufacturing base that requires the use of advanced technologies and expensive new semiconductor manufacturing equipment, says the research firm.
