BENSALEM, PA -- It's nearly as certain as gravity. A high-flying stock takes a tumble, and shareholder lawsuits come quickly thereafter.
A class action lawsuit filed in U.S. District Court in Florida claims Jabil Circuit misrepresented its financial performance between Sept. 19, 2001 and June 21, 2006, thus artificially inflating its stock price.
CLINTON, NY – Indium Corporation Corp. recentlydonated its business jet for the Special Olympics Airlift, which provides transportation to more than 1,500 athletes from all over the country to the 2006 U.S. National Games in Ames, IA. Indium’s plane was among 235 that were volunteered to transport the athletes to Iowa for the start of the games, then back home again after the closing ceremonies.
SCOTTSDALE, AZ - Although the computer market remains the leading consumer of ICs and is forecast to make up 47% of the 2006 market, it is cell phones that are driving IC growth this year.
SAN FRANCISCO – It’s becoming a mantra: Inventory levels at EMS providers are rising.
Deutsche Bank yesterday became the latest to make that assessment, issuing a research note that claimed roughly $3 billion of excess inventory in stock at contract manufacturers.
However, the supply chain will rid itself of most of the overages over the next six to 12 months, DB said. Further, it’s the component manufacturers and distributors whom are
most at risk to suffer, DB said.
HERNDON, VA — The International Electronics Manufacturing Initiative (iNEMI) is launching a new project to develop testing and use condition guidelines for electronic components used in medical applications. The Medical Components Reliability Specifications Project is the first organized under the consortium’s new Medical TIG (Technology Integration Group).
The project will develop test and extrapolation methodologies to predict reliability of components in actual use. The project team plans to create a minimum set of requirements for electronic components used in implanted or life-critical devices. The project will also suggest when testing should be done, what kind of testing is required and how to apply test results.
ST. LOUIS -- LaBarge has been named sole supplier for PCBs by ZTEC Instruments, and received initial orders valued at approximately $1.6 million.
LaBarge is producing PCBs for the oscilloscopes, waveform generators and digitizers that constitute ZTEC's modular instrument platform. The platform is used to monitor systems in the telecommunications, military, medical and industrial markets. It integrates several automated test and measurement instruments into a single box.
LaBarge is manufacturing the PCBs at its Pittsburgh facility. Production on the initial orders is expected to continue through December 2006, with additional orders anticipated.