News
NASHUA, NH -- A Teledyne Technologies subsidiary will buy IR detector maker Judson Technologies. Financial terms were not disclosed.
The deal is expected to close by Feb. 1.
Judson had 2006 sales of $13.8 million.
The deal is expected to close by Feb. 1.
Judson had 2006 sales of $13.8 million.
TOKYO -- Panasonic Electronic Devices Co. will consolidate its eight subsidiaries in Japan and establish Panasonic Electronic Devices Japan Co. on April 1, the company announced today.
Panasonic Electronic Devices has several subsidiaries, each managed autonomously. The new structure will enable the group to take advantage of the strengths of each subsidiary, including "black-box" technologies and manufacturing skills.
MANKATO, MN — Winland Electronics chairman Thomas J. de Petra has been named interim CEO and president, effective Jan. 2. He succeeds Lorin Krueger, who is retiring. The board hopes to have a permanent successor by the end of the first quarter, the company said in a press statement.
"We have made progress in the search to recruit a permanent replacement, but as we grow closer to Jan. 2, we wanted to put a transition process in place," de Petra said.
de Petra has been chairman since October 2006 and a director since 1994.
LOUISVILLE — Sypris Solutions today lowered its 2007 guidance, citing a $10 million shortfall in revenue from its Industrial division.
In an SEC filing, the EMS firm said it expects to lose 10 to 12 cents per share this year, compared with previous guidance of a 5 cent loss or flat earnings.
The company forecast 2007 revenue of $425 million to $430 million, compared with previous guidance of $435 million to $440 million.
For 2008, Sypris expects to return to profitability on revenue of $460 million to $480 million.
In an SEC filing, the EMS firm said it expects to lose 10 to 12 cents per share this year, compared with previous guidance of a 5 cent loss or flat earnings.
The company forecast 2007 revenue of $425 million to $430 million, compared with previous guidance of $435 million to $440 million.
For 2008, Sypris expects to return to profitability on revenue of $460 million to $480 million.
ST. PETERSBURG, FL – Jabil yesterday said it expects fiscal second-quarter revenues to fall $250 million to $350 million, to $3 billion to $3.1 billion, on seasonality in consumer demand.
SAN JOSE – North American manufacturers of semiconductor equipment posted $1.15 billion in orders in November and a book-to-bill ratio of 0.82, according to SEMI.
The three-month average of worldwide bookings was about 2% less than October and about 19% less than last year.
The three-month average of worldwide billings was $1.39 billion, about 6% less than October and down about 6% year-over-year.
"November orders are 19% below one year ago, and at levels last reported in late 2005,” said Stanley T. Myers, president and CEO of SEMI. “Semiconductor manufacturers have added a tremendous amount of 300-mm capacity over the past year. This, combined with the overall booking trends, indicates that investments will slow in the near-term, which is consistent with concerns about the economy as a whole.”
The three-month average of worldwide bookings was about 2% less than October and about 19% less than last year.
The three-month average of worldwide billings was $1.39 billion, about 6% less than October and down about 6% year-over-year.
"November orders are 19% below one year ago, and at levels last reported in late 2005,” said Stanley T. Myers, president and CEO of SEMI. “Semiconductor manufacturers have added a tremendous amount of 300-mm capacity over the past year. This, combined with the overall booking trends, indicates that investments will slow in the near-term, which is consistent with concerns about the economy as a whole.”
EL SEGUNDO, CA -- A leading research firm today lowered its outlook for electronics equipment, although the revised growth remains solid for 2008.
BANGKOK – EMS provider Fabrinet has completed construction of a 300,000 sq. ft. addition to its Pinehurst optical manufacturing complex near Bangkok, and has commenced operations there.
PARIS – ASTEEL will acquire Flash Electronics in an all-stock deal, forming an EMS company with some $750 million in annual sales, the companies announced today.
SANTA ANA, CA – Christopher Associates announced delivery of its 100th Koh Young solder paste inspection system in North America.
The equipment was sent to a supplier of embedded computing systems in Huntsville, AL.
Christopher began selling the Koh Young product line in the U.S. in May 2005.
There are now more than 450 Koh Young systems installed worldwide.
The equipment was sent to a supplier of embedded computing systems in Huntsville, AL.
Christopher began selling the Koh Young product line in the U.S. in May 2005.
There are now more than 450 Koh Young systems installed worldwide.
YAVNE, ISRAEL – Digitaltest will integrate its design-to-test software with Valor Computerized Systems’ process engineering software, the companies said today.
In a press release, the companies said Digitaltest’s C-LINK tool will be built into Valor’s vPlan software.
The integration is said to deliver a manufacturing process definition to the production floor through a lean dataflow, and automatically generate machine-specific libraries on demand.
In a press release, the companies said Digitaltest’s C-LINK tool will be built into Valor’s vPlan software.
The integration is said to deliver a manufacturing process definition to the production floor through a lean dataflow, and automatically generate machine-specific libraries on demand.
ATLANTA – The 12th annual Atlanta SMTA Expo returns to the Gwinnett Civic Center in Duluth, GA, on April 17.
This free, one-day event will feature electronics assembly suppliers displaying products and services, as well free technical presentations.
The event includes networking opportunities such as free lunch on the show floor for pre-registrants.
For more information, visit http://www.smta.org/education/vendor_days/vendor_days.cfm.
This free, one-day event will feature electronics assembly suppliers displaying products and services, as well free technical presentations.
The event includes networking opportunities such as free lunch on the show floor for pre-registrants.
For more information, visit http://www.smta.org/education/vendor_days/vendor_days.cfm.
Press Releases
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