caLogo

News

YAVNE, Israel -  Valor Computerized Systems reported continued growth in the first quarter of 2005, with revenues of $8.7 million, a 22% increase over Q1 2004.
 
Sales increased by 27% and maintenance revenues increased by 13% over last year's first quarter.
 
The financial statements incorporate for the first time the adoption of new International Financial Reporting Standards published by the International Accounting Standards Board. Net profit before expensing Share-Based Compensation was $823,000 in Q1 '05 - nearly three times higher than the same quarter last year ($295,000).
 
Research and Development expenses were $2.8 million - an increase of 5.7% year-on-year.

NATICK, MA -Cognex Corp., a supplier of machine vision systems, has acquired DVT Corp., a privately-held company based in Duluth, GA.

 

Cognex purchased the outstanding shares of DVT with a cash payment of $104 million made at the closing, and a final payment of up to $11 million in cash to be paid at the end of a one-year escrow period.

Cognex plans to maintain operations at the Georgia facility, and to continue selling and supporting the vision products through DVT's existing third-party distribution channel.

As a result of the acquisition, Cognex expects an increase in its revenue of approx. $15 - $20 million during fiscal year 2005.

 

SAN FRANCISCO -- Aggressive pricing pressure and excess capacity are hurting margins at providers of EMS and ODM services, a top investment bank said today.

Noting the "disappointing" margins of the last quarter turned in by Taiwan-based ODMs Hon Hai, Asustek and Quanta, Deutsche Bank asserted that further downsizing is ahead for the industry.
Read more ...
The National Physical Laboratory seeks papers for its "Electronics Assembly" conference and exhibition to be held July 13 at NPL's Teddington, UK, facility.
 
A program committee, drawn from university and industry members, will review submitted papers in a range of disciplines, including: emerging technologies, components, assembly, lead-free and business trends.
 
For more info, visit: http://www.npl.co.uk/ei/clubs/sstc/.
 
While visiting the site, also note that the FAQ page ( www.npl.co.uk/ei/news/faqs.html ) has been updated and extended.
 
It now poses the "Top 37 Questions" giving answers and offering advice on a range of topics relevant to lead-free soldering, including the WEEE/RoHS directives, compliance, solder replacements, equipment upgrades, component compatibility, reliability and training.

HARRISBURG, PA - Tyco Electronics Corp. will close its Austin PCB manufacturing plant by July 1, and lay off about 190 employees, according to a news article.

Mike Ratcliff, a spokesman for Tyco, told a local paper that work from the 240,000 sq.-ft. plant will be transfered to other Tyco plants. The Austin location has stopped taking orders for PCBs but will fulfill existing orders.

"The printed circuit group has been evaluating how best to operate the business, reduce costs where possible and eliminate duplication," Ratcliff says. "It's a competitive industry."

Tyco purchased the plant from Raytheon, which in turn obtained it through a large purchase of the defense business from Texas Instruments.

There has been no report at this time of other Tyco operations closing down.

TOKYO -- Kyocera Corp. has made plans to outsource its cell phone production in North America to Flextronics International and cut 1,700 jobs at its mobile phone division to turn the loss-making business around.

The latest restructuring follows Kyocera's announcement in March that it will quit its struggling digital camera operations this year. The company will outsource production at U.S. unit Kyocera Wireless Corp. to Flextronics from late May.

Read more ...

Page 2315 of 2470

Don't have an account yet? Register Now!

Sign in to your account