News
YAVNE, ISRAEL – Orbotech Ltd. reported revenues for the first quarter totaled $100.5 million, up 14.3% year-over-year, and down about 3% sequentially.
Net income was $3.7 million, compared to a net loss of $1.1 million in the fourth quarter, and net income of $5.6 million in the same period of 2007.
Sales of equipment to the PCB industry, relating to assembled PCBs, were $8.1 million, down 2.4% sequentially, and up 16% year-over-year.
CEO Rani Cohen said, “Our financial results for the quarter, particularly in our PCB business, reflect the challenging global economic environment. On the other hand, we continue to benefit from the strength in the LCD industry, which has led to large orders from LCD manufacturers. Given the ongoing weakness of the dollar, we are continuing to monitor our expenses very closely in order to maintain and improve margins.”
ST. LOUIS – Northrop Grumman has awarded EMS provider LaBarge Inc. a $12 million contract to provide electronic subsystems for the MESA (Multi-role Electronically Scanned Array) radar system.
The MESA radar is an airborne surveillance radar system used in military aircraft with airborne early warning and control platforms; it currently flies in Boeing’s 737-700 series aircraft.
The MESA radar is an airborne surveillance radar system used in military aircraft with airborne early warning and control platforms; it currently flies in Boeing’s 737-700 series aircraft.
Production is expected to run through mid 2009 at LaBarge's Huntsville, AK, facility.
TOKYO – Consumer electronics makers Victor Co. of Japan (JVC) and Kenwood Corp. plan to merge under one holding company on Oct. 1 to curb a pricing war. Under terms of the agreement, investors will receive two shares in the holding company for each JVC share held, and one share for each Kenwood share held. No other financial terms were disclosed.
JVC president Kunihiko Sato will become president of the new company, called JVC Kenwood Holdings.
The decision to unite follows an alliance between the two companies last summer.
JVC, an affiliate of Panasonic, made Japan's first TV and pioneered VHS, but lately has been struggling. Last month, JVC said it would halt domestic production of flat-panel TVs.
The merged firm will focus on electronics for auto, home/mobile, professional-use wireless systems and entertainment.
The companies had combined operating profits of 9.6 billion yen and revenues of 823.7 billion yen in the fiscal year ended in March.
JVC president Kunihiko Sato will become president of the new company, called JVC Kenwood Holdings.
The decision to unite follows an alliance between the two companies last summer.
JVC, an affiliate of Panasonic, made Japan's first TV and pioneered VHS, but lately has been struggling. Last month, JVC said it would halt domestic production of flat-panel TVs.
The merged firm will focus on electronics for auto, home/mobile, professional-use wireless systems and entertainment.
The companies had combined operating profits of 9.6 billion yen and revenues of 823.7 billion yen in the fiscal year ended in March.
($1 = 103.64 yen)
TUCSON, AZ – The ESD Association’s 30th annual symposium will take place in Tucson, AZ, Sept. 7 to 12.
The EOS/ESD Symposium consists of tutorials, technical sessions, workshops, and exhibits. Topics of 29 tutorials will include ESD basics for program manager; ESD on-chip protection in advanced and RF technologies; air ionization; EOS/ESD failure models and mechanisms; in-plant ESD survey and evaluation measurements, and CDM design and characterization.
A two-day S20.20 seminar on developing and implementing an ESD control program also will be offered.
Technical sessions will include more than 40 papers that will address device testing, ESD-RF design considerations, factory/materials, system level testing, and other ESD-related topics.
Ten interactive workshops will include ESD control and design for extremely sensitive (Class0) devices; ESD protection targets; automated equipment and grounding issues, and protecting high frequency circuits.
For more information, visit www.esda.org/symposia.html.
FRAMINGHAM, MA – The worldwide EMS industry grew 17% in 2007 to $268.1 billion, according to research firm IDC. ODMs grew 23%, yet remain a smaller share of the outsourced market, as the EMS sector accounted for more than 60%.
MANASSAS, VA – Zestron has further expanded its sales and technical support organization in Asia/Pacific.
Tiow Ping Sim has recently joined the team as South Asia sales manager. Located in the company’s new office in Singapore, Sim will manage the local distributor network and support local customers.
Sim graduated in mechanical engineering from the Queensland University of Technology and has more than 15 years’ experience within the SMT and Semicon industries.
In addition, Steven Goh will support customer cleaning process selection, implementation and optimizations, as part of the application technology team.
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