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WELLESLEY, MA — The global market for home theater
technologies and services will grow at a compound annual growth rate of 6.9%
through 2013, a new report says.
The market, worth $1.9 billion in 2006, is expected to reach $2.1 billion this year and $2.9 billion by 2013, BCC Research said.
JACKSON, MI – Sparton Corp. reported a net loss of $13 million on sales of $229.8 million for the fiscal year ended June 30. Sales were up 15%, but the net loss widened 68%. Operating losses declined from a $12.2 million loss in fiscal 2007 to a $6.9 million loss in 2008.
GLENVIEW, IL – Illinois Tool Works today reported operating revenues rose 10.1% for the three months ended Aug. 31, on the back of translation and acquisitions.
CHANDLER, AZ – Isola USA today filed orders against TUC and ITEQ, demanding the companies cease all acts that would infringe on the firm’s patents.
Isola filed a cease and desist against TUC, claming its TUC662 and TUC752 products violate China patent no. 123529 covering fillers for improved epoxy laminates.
Isola further claims ITEQ’s ITEQ 200DK violates China patent no. 142122.
In both cases, Isola also filed Injunctions in China’s IP court to prohibit the companies from manufacturing, using or exporting or importing the products.
“Isola has experienced significant growth in low DK materials over the last few years and we are initiating this legal action to protect our Intellectual property rights,” said Ray Sharpe, CEO of Isola Group.
Isola filed a cease and desist against TUC, claming its TUC662 and TUC752 products violate China patent no. 123529 covering fillers for improved epoxy laminates.
Isola further claims ITEQ’s ITEQ 200DK violates China patent no. 142122.
In both cases, Isola also filed Injunctions in China’s IP court to prohibit the companies from manufacturing, using or exporting or importing the products.
“Isola has experienced significant growth in low DK materials over the last few years and we are initiating this legal action to protect our Intellectual property rights,” said Ray Sharpe, CEO of Isola Group.
PALO ALTO, CA – Tech giant Hewlett-Packard said it would cut 24,600 jobs worldwide – about half in the U.S. – during the next three years, in response to its acquisition and integration of Electronic Data Systems.
The computer maker purchased the Texas-based business services outsourcer last month as part of a $13.9 billion deal .
The cuts will affect 7.5% of the combined workforce, and HP will record a charge of $1.7 billion in the fourth quarter fiscal 2008 as a result of the restructuring program.
Once completed, the program is expected to result in annual cost savings of approximately $1.8 billion, HP said.
LAKE FOREST, CA – Probe Manufacturing’s board has cut ties with chief executive Reza Zarif and named Barrett Evans interim CEO.
Zarif, who was on a month-to-month employment agreement, remains on the company’s board.
The company reported 2007 revenues fell 26% to $6.9 million, although the net profit was up 148% to $374,896.
Evans will receive a base salary of $175,000.
Zarif, who was on a month-to-month employment agreement, remains on the company’s board.
The company reported 2007 revenues fell 26% to $6.9 million, although the net profit was up 148% to $374,896.
Evans will receive a base salary of $175,000.
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