News
PRAGUE – Labor rates and operating expenses are rising in the Czech Republic, leading electronics manufacturers to evaluate opportunities in other parts of Eastern Europe, Asia and Africa. This is a change from 2004 to 2007, when the electronics manufacturing industry grew by leaps and bounds. Meanwhile, the country may move to design and other services to make up for any manufacturing losses.
“Rising operating expenses in the Czech Republic have forced a number of electronics manufacturers to consider other possible alternative locations in Europe so that they still save on manufacturing costs without compromising on proximity to the market,” says Frost & Sullivan analyst Harish Natesan. “The Czech Republic is also expected to witness a marked growth in design services against manufacturing in the coming years as there is an increasing demand for localized design activities in the country.”
Frost will discuss the state of the Czech electronics manufacturing market in a free telephone and web briefing Sept. 24. To participate, email Joanna Lewandowska at joanna.lewandowska@frost.com with the following information: your full name, company name, title, telephone number, email address, city, state and country.
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.
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.
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.
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.
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.
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