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TEMPE, AZ -- The nation's top indicator of purchasing activity rose 2.7 points in May to its highest level in eight months as the manufacturing sector slowly emerges from the recession bottom.

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LOS ALTOS, CA -- First-quarter medical electronics revenues fell 2.6%, but an economic recovery along with federal stimulus should bring US equipment production growth to 9.7% in 2011. Read more ...

MILTON, NY -- Sono-Tek reported annual sales for the year ended Feb. 28 rose 12.5% year-over-year to $6.4 million. The net loss was $1.5 million, down from net income of $11,205 a year ago.

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SAN JOSE The 90-day moving average sales of semiconductors rose to $15.6 billion worldwide in April, down 25% year-over-year but up 6.4% sequentially.

ELKHART, IN – EMS provider CTS Corp. said it would establish a liaison office near New Delhi to engage in business development activities to support India’s growing automotive and electronics industries.

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STAMFORD, CT -- Gartner raised its outlook for the worldwide semiconductor market revenue, saying it will drop 22.4% in 2009, up from a February estimate of a 24.1% fall. Read more ...

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