News
THOUSAND OAKS, CA -- A Teledyne Technologies subsidiary has entered into an agreement to acquire the defense electronics business of Filtronic PLC for approximately $25.7 million.
Teledyne Ltd. will acquire the unit, which had sales of 14.5 million pounds (about $29 million) for its fiscal year ended May 31. The transaction will close before the end of August, subject to various conditions.
Teledyne Ltd. will acquire the unit, which had sales of 14.5 million pounds (about $29 million) for its fiscal year ended May 31. The transaction will close before the end of August, subject to various conditions.
STOCKHOLM -- Second quarter cellphone shipments rose 15% year-over-year to 297 million, a new report claims.
Research firm Strategy Analytics forecast third-quarter sales of 321 million units as demand in emerging markets overcome seasonality in Asia and a slowdown in Western Europe and North America.
Research firm Strategy Analytics forecast third-quarter sales of 321 million units as demand in emerging markets overcome seasonality in Asia and a slowdown in Western Europe and North America.
PORTSMOUTH, ENGLAND – Semicast forecasts the global market for automotive semiconductors will grow from $20 billion in 2007 to just over $30 billion in 2015. With total 2007 semiconductor revenues of around $255 billion, this suggests the automotive sector accounts for between 7% to 8% of the TAM, says the firm.
Average semiconductor content per new light vehicle is forecast to grow steadily from around $295 in 2007 to $375 in 2015.
Overall, highest growth is forecast for semiconductors used in entertainment systems, such as audio, infotainment, navigation and telematics. Here, demand is forecast to grow from $4 billion last year to $7.5 billion in 2015, a CAGR of almost 9%. The evolution of the entertainment system from audio to infotainment to navigation is the key growth driver in this segment, while increased shipments of rear seat entertainment systems, satellite radio and telematics (such as OnStar) will also drive growth, says Semicast.
Highest semiconductor demand will continue in conventional “under-the-hood” systems. Analysis shows revenues for semiconductors in “under-the-hood” systems accounted for around 80% of the total in 2007; this is forecast to decline only moderately over the period to 2015, to around 75%, says the firm.
NORTH BILLERICA, MA – BTU International Inc., supplier of advanced thermal processing equipment, reported second-quarter net sales of $20.4 million, up 23% sequentially, and up 48% year-over-year.
Net income for the quarter was $300,000, up nearly 67% sequentially, and up 33% compared to the second quarter of 2007.
Net sales for the first six months of 2008 were $37 million, up 22% year-over-year. Net income for the period was $400,000, down nearly 56% compared to the same period last year.
Paul J. van der Wansem, BTU chairman and CEO, said, "Revenues were at the high end of our forecasted range, with strength in both electronics and alternative energy. Despite healthy gross margins, our earnings for the quarter were lower than anticipated, in part due to higher than expected SG&A cost and effective tax rates.
"We will continue to invest in our growth markets, strongly supporting our electronics business and building upon the opportunities we have in the rapidly growing thin film and silicon solar markets.
“In electronics we see some softening [for the second half] after a stronger than anticipated first half. Revenues for the third quarter are expected to be flat, as compared to the second quarter … " he said.
EL SEGUNDO, CA – Revenue for the global contract manufacturing industry, consisting of EMS and ODM providers, is set to expand to $432.3 billion by 2012, rising at a CAGR of 7.2% from 2007.
While a $126.7 billion gain in revenue during a five-year period may sound like fantastic growth, it actually represents a major slowdown compared to years past, on a percentage basis, says iSuppli Corp.
SAN JOSE, CA – Tessera Technologies Inc., provider of miniaturization technologies, reported total second-quarter revenue of $56.3 million, up about 17% year-over-year.
Net income was $84,000, down significantly from a net income of $9.9 million during the same quarter last year. Income for the second quarter 2008 included non-cash charges of $5.8 million for stock-based compensation and $2.9 million for amortization of acquired intangibles.
Total revenue for the six-month period ended June 30 was $115.7 million, up 19.2% year-over-year. Net income for the period was $2.3 million, down 89% compared to the same period in 2007.
“The significant year-over-year growth in our high margin, recurring royalties highlights the fundamental strength of our business,” said Bruce McWilliams, chairman, president and CEO for Tessera. “In the second half of 2008, we expect to build on the traction gained in our Consumer Imaging business, as illustrated by the new license agreement with Samsung.”
Tessera expects third-quarter total revenue to be within the range of $62 million to $64 million.
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