News
ST. LOUIS -- St. Louis has something more than the World Series-winning Cardinals to cheer about. St. Louis based LaBarge reported fiscal 2007 first-quarter net earnings increased 19% to $2.4 million while net sales climbed 26% to $49.9 million.
For the quarter, gross margin was 21.4%, down from 24% a year ago but up from 20.4% sequentially. Cash from operations was $10.4 million, versus a loss of $1.5 million in Q1 2006.
For the quarter, gross margin was 21.4%, down from 24% a year ago but up from 20.4% sequentially. Cash from operations was $10.4 million, versus a loss of $1.5 million in Q1 2006.
SAN JOSE – September semiconductors sales set another high as manufacturers geared up for the
fourth-quarter holiday season. Global chip sales reached $21.4 billion, up 9.3% year-over-year and 4.2 % sequentially, on strong
demand for cellphones, MP3 players and PCs, the
Semiconductor Industry Association said today.
For the quarter, global semiconductor sales were $64.1 billion, up 8%. Year-to-date, sales reached $182.6 billion, up 8.9% and on pace for a record.
For the quarter, global semiconductor sales were $64.1 billion, up 8%. Year-to-date, sales reached $182.6 billion, up 8.9% and on pace for a record.
MILPITAS, CA - Lenthor Engineering had published the latest version of its Flexible Circuit Design Guide. The updated document, revision 6.0, provides more comprehensive technical descriptions of material construction requirements for the full range of flexible circuitry. It includes full-color graphics and descriptions on construction of single-sided, double-sided and multilayer flexible circuits. The book covers standards, flex circuit types and classifications, terminology, manufacturing tolerances, construction of single- and double-sided and multilayer flex and rigid-flex boards, drawing notes, panelization, limitations, electrical design, stiffeners, and hole-to-copper features. It is available online at www.lenthor.com.
YAVNE, ISRAEL – Valor Computerized Systems installed its Trilogy 5000 pre-production engineering software and parts library at Hitachi’s manufacturing facility in Orléans (Loiret), France. Hitachi’s machine program processing time has reportedly been reduced by 50% since the installation, Valor said in a press statement. Valor’s parts library is an online data service covering more than 36 million component geometries. Trilogy 5000 is a pre-production engineering tool for NPI, assembly preparation and optimization, test and factory floor documentation.
HIALEAH, FL -- The Nasdaq Listing Qualifications Panel has found electronics contract
manufacturer Simclar Inc. in compliance with all applicable listing standards and
listing of the company's shares on the Nasdaq exchange will continue.
In August Nasdaq had issued a delisting warning for Simclar's failure to file on time its second quarter 10-Q report. The delay in filing the report resulted from a review of accounting errors discovered by the company at its Brownsville, TX, and Matamoros, Mexico, facilities.
Simclar filed its second quarter report on Oct. 27, along with an amended 2005 10-K and amended 10-Q for the first quarter of 2006, both of which restated financial statements for to correct accounting errors at Simclar (Mexico) Inc.
In August Nasdaq had issued a delisting warning for Simclar's failure to file on time its second quarter 10-Q report. The delay in filing the report resulted from a review of accounting errors discovered by the company at its Brownsville, TX, and Matamoros, Mexico, facilities.
Simclar filed its second quarter report on Oct. 27, along with an amended 2005 10-K and amended 10-Q for the first quarter of 2006, both of which restated financial statements for to correct accounting errors at Simclar (Mexico) Inc.
MINNEAPOLIS -- EMS provider Nortech Systems today reported net sales rose 21% to $25.3 million for its third quarter ended Sept. 30. Net income rose 17% to $304,587 versus the third quarter 2005.
Year-to-date the company's net sales are up 28% to $77.5 million, and net income is up 76% to $498,210.
Year-to-date the company's net sales are up 28% to $77.5 million, and net income is up 76% to $498,210.
"This was an excellent quarter for us at the top line and in terms
of profitability," said Mike Degen, president and
CEO. "Our growth rate continues to exceed the industry average and we
believe we are well-positioned for the remainder of 2006 and beyond."
The company is on pace to surpass $100 million in revenue this
fiscal year, up more than 20% from 2005. The industry average is about 11%, Degen said.
Three-month order backlogs rose 12% during the third quarter. In October the company secured an $8.5 million order for custom cable assemblies from a U.S. defense contractor, deliverable over the next 12 months.
Nortech raised its earnings for fiscal 2006 to 46 to 48 cents, compared with the 36 cents last year. The company expects revenues of $102 million to $104 million, an increase of 21 to 24% over last year.
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