News
LOUISVILLE, KY -- Sypris Solutions reported second-quarter revenue at its Electronics Group rose 9.5% year-over-year to $45.2 million.
BINGHAMTON, NY – A Universal Instruments spokesperson is disputing a published report in an online newsletter claiming the company has been sold and is being liquidated.
The March 3 edition of CircuitNet claimed, “It appears that Francisco Partners has sold the company to Patriarch Partners LLC, a private equity investment firm.” The story further asserted that Patriarch “is currently managing the day-to-day activities within the company and plans to sell off assets.”
HORTOLANDI, BRAZIL -- Celestica has shuttered its manufacturing operations in Sao Paulo, Brazil, and laid off 200 employees, according to published reports.
HELSINKI -- Months after watching Apple steal its thunder in the 3G market, Nokia is readying to return the favor.
Nokia CEO Olli-Pekka Kallasvuo said the world's largest cellphone maker plans to enter the laptop market to capitalize on trends toward cellphone and PC convergence.
According to a report last week by Citigroup, Nokia's first computer will launch in the first half of 2010. The PC, either a netbook or a PC tablet, will probably feature an Intel Atom microprocessor and Linux operating system, Citigroup said. The analyst believes Nokia will outsource production to Compal Electronics or Hon Hai (Foxconn).
Netbooks -- low-cost, stripped-down PCs with minimal software and processing power -- are the fastest-growing segment of the PC market, according to several research firms.
GLENVIEW, IL -- Illinois Tool Works today reported revenues at its Power Systems and Electronics group fell 39.4% year-over-year in the July period.
Press Releases
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- ITW EAE Celebrates Major Milestone in Domestic Manufacturing Expansion
- Micro Technology Services Selects PBT Works CompaCLEAN III for Advanced PCB Cleaning Performance
- Indium Corp. is Electrifying the Future with Advanced Materials Solutions at Productronica