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SIOUX FALLS, SDRaven Industries today announced first-quarter sales of $75.2 million, up 29% year-over-year. Most of the increase was a result of strong sales from the Flow Controls division, the firm said. 
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SCHAUMBURG, IL – Rich Nottenburg, Motorola's chief strategy and technology officer, resigned from the beleaguered cellphone company, to “return to the New York area to be with his family and pursue other opportunities.” He had been chief strategy officer since 2004 and had run the company’s R&D programs since December.
 
The company promoted Dan Moloney, head of its home networks mobility business, to also oversee Motorola Labs, the company’s research group.
 
There is speculation that Nottenburg is the latest casualty of Carl Icahn, Motorola's largest private investor, who has been pushing for several changes within the company.

SAN JOSE – The Semiconductor Industry Association issued a statement thanking the U.S. Senate Appropriations Committee for approving funding increases for science and engineering research in the supplemental appropriations bill before Congress this week.

“Science and engineering research is the backbone of American innovation, and we thank leaders of the Senate Appropriations Committee for underscoring this message by appropriating increases in research funding,” said SIA president George Scalise. “Funding for basic research is one of the three components of the U.S. innovation agenda and is critical to ensuring America’s continued innovation and technological leadership in the global economy.”
 
The fiscal 2008 consolidated appropriations bill reported out of the Senate Appropriations Committee last Thursday includes $300 million for basic research in the physical sciences and engineering, one important component of the U.S. innovation agenda. The bill appropriates $200 million for science and engineering research and math and science education, at the National Science Foundation, and $100 million for science and engineering research at the Office of Science in the Department of Energy.
 
“We are encouraged by this important step toward boosting U.S. competitiveness and urge both chambers of Congress to include these critical research appropriations in the final bill. In addition, we urge the Administration and the Congress to take meaningful action on remaining components of the Innovation Agenda, including reforming the immigration system for highly educated workers and extending an enhanced R&D tax credit,” said SIA chairman Willem Roelandts.
 
“Other nations have already adopted the components of an innovation agenda that our nation continues to talk about. Congress and the Administration now have an opportunity to fulfill a bipartisan commitment they made to American innovators,” Scalise said.
SINGAPORE – EMS provider Flextronics announced Thomas J. Smach is resigning as chief financial officer to pursue other interests outside the company, effective June 30.
 
Paul Read, who most recently served as executive vice president of finance for worldwide operations at the firm, will be CFO upon Smach's departure.

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TORONTO – For the first quarter 2008, Adeptron Technologies Corp. reported a loss of $616,000, compared to net income of $163,000 for the same period last year.

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HIALEAH, FL – Contract manufacturer Simclar Inc. reported first-quarter pre-tax income was $59,101, down almost 94% compared to the first quarter 2007.
 
While this was partly a result of the decrease in sales, the most significant factor was the inclusion in the 2008 results of costs of approximately $797,000 in relation to the closure of Simclar’s North Carolina facility, the firm said.
 
First-quarter net income was $40,485, down nearly 94% year-over-year as well.
 
Revenue was $29.9 million, down 4.7% year-over-year. The decrease was a result of the postponement of the introduction of a key customer's new programs until later in the year.
 
"With the closure now complete and the transferred business now fully integrated into our Mexican facility, we look forward to the future benefits of improved profitability and cash flow. Although it is evident that the economic slowdown has affected some of our key customers, our backlog at the end of the quarter was $28 million, an increase of 6% since the end of 2007, and our forecasts indicate a stronger second quarter," said chairman Sam Russell.

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