News
GREENVILLE, SC -- Kemet Corp. today said it is in "advanced" negotiations to acquire the tantalum capacitor business of Epcos AG. The deal is expected to close early next year, and no financial terms were disclosed.
Separately, however, Epcos said the proceeds of the sale would improve its net cash flow by at least 70 million euros.
In a press release, Kemet said the acquisition would increase its access to key markets including automotive and telecom and broaden its manufacturing base.
The deal hinges on the completion of a definitive agreement, among other customary business.
Epcos is based in Munich. The tantalum capacitor business was reportedly profitable business until 2001, but since has been hurt by overcapacity and falling prices.
Separately, however, Epcos said the proceeds of the sale would improve its net cash flow by at least 70 million euros.
In a press release, Kemet said the acquisition would increase its access to key markets including automotive and telecom and broaden its manufacturing base.
The deal hinges on the completion of a definitive agreement, among other customary business.
Epcos is based in Munich. The tantalum capacitor business was reportedly profitable business until 2001, but since has been hurt by overcapacity and falling prices.
ST. LOUIS -- LaBarge Inc. today announced net sales will
be approximately $39.6 million, down 9.2% from $43.6 million a year ago.
For its fiscal 2006 first quarter, ended Oct. 2, net earnings are expected to be $0.12 to $0.13 per diluted share, compared with $0.15 per diluted share in the comparable period a year ago.
The results would be consistent with previous guidance. In its earlier guidance, the company forecast sales of $41 million to $42 million, and diluted earnings per share of $0.12 to $0.13.
Profit margins improved during the quarter. Sales fell below projections because of several customers rescheduling shipments.
For its fiscal 2006 first quarter, ended Oct. 2, net earnings are expected to be $0.12 to $0.13 per diluted share, compared with $0.15 per diluted share in the comparable period a year ago.
The results would be consistent with previous guidance. In its earlier guidance, the company forecast sales of $41 million to $42 million, and diluted earnings per share of $0.12 to $0.13.
Profit margins improved during the quarter. Sales fell below projections because of several customers rescheduling shipments.
LAGUNA, PHILIPPINES -- Shareholders of Speedy-Tech Electronics Ltd., a
Singapore-based EMS and power electronics company, have approved the company's merger with Integrated Microelectronics Inc., a Philippines-based electronics manufacturing service provider.
The merged entity would have a combined revenue of $265 million and profit after tax and minority interests of about $30 million, based on the latest 2004 audited financials.
Singapore-based EMS and power electronics company, have approved the company's merger with Integrated Microelectronics Inc., a Philippines-based electronics manufacturing service provider.
The merged entity would have a combined revenue of $265 million and profit after tax and minority interests of about $30 million, based on the latest 2004 audited financials.
ENDICOTT, NY -- Endicott Interconnect Technologies, IBM's former manufacturing arm, has teamed with Universal Instruments Corp. to automate and
maximize production of very large, complex printed circuit cards and
assemblies.
Endicott Interconnect, which builds PCBs, assemblies and chip packages, is using Universal's Advantis Flip Chip placement system and Polaris multi-process assembly machines to fully automate production of a high-performance chip carrier for a leading military supplier.
The product has several hundred surface-mount components, several memory devices and a very large heat spreader, Endicott Interconnect said in a press statement.
"Due to the mission critical nature of the product, we require stringent accuracy along with the ability to gang pick- and-place the larger components and sophisticated parts tracking," said Raj Raj, Endicott Interconnect senior engineering manager. "In partnership with Universal, we are able to achieve an advanced and innovative solution for these unique manufacturing needs."
Endicott Interconnect, which builds PCBs, assemblies and chip packages, is using Universal's Advantis Flip Chip placement system and Polaris multi-process assembly machines to fully automate production of a high-performance chip carrier for a leading military supplier.
The product has several hundred surface-mount components, several memory devices and a very large heat spreader, Endicott Interconnect said in a press statement.
"Due to the mission critical nature of the product, we require stringent accuracy along with the ability to gang pick- and-place the larger components and sophisticated parts tracking," said Raj Raj, Endicott Interconnect senior engineering manager. "In partnership with Universal, we are able to achieve an advanced and innovative solution for these unique manufacturing needs."
WEST CHICAGO, IL -- Connectors used in instrumentation products are a $700 million market and growing, said a new research report.
Bishop & Associates says sales of connectors used in instrumentation applications will grow to over $1 billion by 2009.
The 200-page research report also notes that the instrumentation market is not moving to China, provides high profit margins and growth that exceeds industry averages.
Bishop & Associates says sales of connectors used in instrumentation applications will grow to over $1 billion by 2009.
The 200-page research report also notes that the instrumentation market is not moving to China, provides high profit margins and growth that exceeds industry averages.
MIDLAND, MI — Dow Chemical will increase prices for all
grades of epoxy resins sold in North America by $0.05/lb, the company
said today. The increases are effective Nov. 1, 2005, or as
contract terms permit.
Dow said the increase is driven by various factors, including additional increases in feedstock and energy prices, and difficulties in transporting key raw materials due to the combined impact of Hurricane Katrina and Hurricane Rita in North America.
Epoxy resins are used in laminates for printed circuit boards.
Dow said the increase is driven by various factors, including additional increases in feedstock and energy prices, and difficulties in transporting key raw materials due to the combined impact of Hurricane Katrina and Hurricane Rita in North America.
Epoxy resins are used in laminates for printed circuit boards.
CLEVELAND – Keithley Instruments will expand in Singapore and open of two offices in Malaysia for direct sales and support of its electrical test
and measurement solutions, the company said today.
In a statement, chairman, president and CEO Joseph P. Keithley said, “Our new sales and support offices in Singapore and Malaysia allow us to build closer working partnerships with local customers."
More than 50% of the company's sales come from outside the U.S.
In a statement, chairman, president and CEO Joseph P. Keithley said, “Our new sales and support offices in Singapore and Malaysia allow us to build closer working partnerships with local customers."
More than 50% of the company's sales come from outside the U.S.
CHICAGO -- Newark
InOne, a small-quantity distributor of electronics components and test
equipment, has added to its product line pre-calibrated test equipment, an expanded range of panel
instrumentation, and custom capabilities for analog and digital panel meters, and
controllers.
In a statement, the company said its Newark InOne Services metrology lab in Colorado is calibrating clamp meters, digital multimeters, oscilloscopes and benchtop power supplies from Fluke, Tektronix, Agilent, B&K, Amprobe and Megger. Certification with data accompanies all test equipment.
"Newark InOne Services is all about saving our customers time and increasing their productivity," said Paul Tallentire, president, Newark InOne. "When you buy a scope or meter from us that's already been calibrated, you can start using it from day one."
In July 2005, Newark InOne purchased the assets of Colorado-based R&R Instrumentation and transferred all of its business and employees to create the new division.
In a statement, the company said its Newark InOne Services metrology lab in Colorado is calibrating clamp meters, digital multimeters, oscilloscopes and benchtop power supplies from Fluke, Tektronix, Agilent, B&K, Amprobe and Megger. Certification with data accompanies all test equipment.
"Newark InOne Services is all about saving our customers time and increasing their productivity," said Paul Tallentire, president, Newark InOne. "When you buy a scope or meter from us that's already been calibrated, you can start using it from day one."
In July 2005, Newark InOne purchased the assets of Colorado-based R&R Instrumentation and transferred all of its business and employees to create the new division.
PALO ALTO -- King Yuan Electronics Corp., an integrated back-end service provider in Taiwan,
has purchased an Agilent Technologies 93000 Pin Scale system to add to its Agilent
93000 installed base. The system will be used for testing complex SOCs
(systems-on-a-chip) for applications such as PCI Express, Serial ATA
and HyperTransport.
"We are seeing a growing demand for the 93000 Pin Scale system, especially from customers wanting faster and more economical test solutions for high-complexity, high-accuracy SOC devices," said Gauss Chang, KYEC assistant vice president in charge of sales, marketing and platform evaluation. "We chose the 93000 Pin Scale system because it gives us the flexibility to measure a wide range of devices with very high accuracy at a low cost of test."
The system supports up to 2,048 pins -- enough for multisite test or high-pin-count devices. The tester scales to 3.6 Gb/s to address high-speed interface applications targeted for KYEC's system.
"We are seeing a growing demand for the 93000 Pin Scale system, especially from customers wanting faster and more economical test solutions for high-complexity, high-accuracy SOC devices," said Gauss Chang, KYEC assistant vice president in charge of sales, marketing and platform evaluation. "We chose the 93000 Pin Scale system because it gives us the flexibility to measure a wide range of devices with very high accuracy at a low cost of test."
The system supports up to 2,048 pins -- enough for multisite test or high-pin-count devices. The tester scales to 3.6 Gb/s to address high-speed interface applications targeted for KYEC's system.
ROCHESTER, NY -- Hover-Davis Inc., a provider of component feeders, will exclusively distribute the Laurier tray feeding product family to the worldwide end-user market. Terms were not disclosed.
Laurier’s OEM product offerings includes automated handling of JEDEC trays and waffle packs.
"Our target is to offer a comprehensive set of feeding solutions to the market,” said Roland Heitmann, Hover Davis director of semiconductor feeding solutions. “By adding the capability of handling JEDEC trays and waffle packs, we take another significant step to being a complete feeding solution provider for our customers.”
Laurier, part of Besi, manufactures back-end microelectronic assembly equipment.
Laurier’s OEM product offerings includes automated handling of JEDEC trays and waffle packs.
"Our target is to offer a comprehensive set of feeding solutions to the market,” said Roland Heitmann, Hover Davis director of semiconductor feeding solutions. “By adding the capability of handling JEDEC trays and waffle packs, we take another significant step to being a complete feeding solution provider for our customers.”
Laurier, part of Besi, manufactures back-end microelectronic assembly equipment.
TOYKO -- A pair of leading Japanese laminate suppliers are raising prices, according to a new report. In mid September, Matsushita Electric raised prices of copper laminates and prepreg about 15%.
SAN FRANCISCO -- IBM's successful recent quarter is good news for several companies that supply Big Blue with components and assemblies.
Among the big winners: Avnet and Arrow. IBM outsources an estimated $3 billion of manufacturing to the EMS industry and sells roughly $2.5 billion annually of hardware through Arrow and Avnet, according to Deutsche Bank.
Among the big winners: Avnet and Arrow. IBM outsources an estimated $3 billion of manufacturing to the EMS industry and sells roughly $2.5 billion annually of hardware through Arrow and Avnet, according to Deutsche Bank.
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