SAN JOSE – The U.S. Patent and Trademark Office is sponsoring a free, two-day seminar on protecting IP abroad. Piracy and counterfeiting cost the American economy approximately $250 billion annually, the U.S. PTO says.
The event, China Road Show: Protecting Your Intellectual Property in China & the Global Marketplace, takes place Nov. 7-8, in San Jose.
The program will cover IP theft and protection, product and part counterfeiting. It also will include comprehensive coverage of enforcement strategies against IP theft from China. Presenters include the U.S. Customs and Border Protection and U.S. Immigration and Customs Enforcement.
The program is for any company that wants to learn about protecting its products from counterfeiting and piracy – even those companies that have no plans to sell or manufacture their products in China.
Among the speakers are Tom Valliere of Design Chain Associates, Fairchild Semiconductor's legal counsel, and Debra Eggeman, general manager of the Independent Distributors of Electronics Association.
JACKSON, MI – EMS provider Sparton Corp. reported record fiscal 2008 first quarter sales of $58.9 million, up 22% from last year. The net loss narrowed to $1.4 million, from $2.5 million a year ago.
The quarter included a $1.6 million writeoff of inventory previously carried as a deferred asset. The writeoff came after an appeals court reversed an earlier ruling in Sparton’s favor. In a press statement, Sparton said it “continues to believe strongly in the merits of its claim for the recovery of these costs and is currently analyzing its options, which may include further appeal.”
Gross profit margin was 2.7%, up from 1.5% last year. Gross profit was reduced by 2.8% due to the $1.6 million charge.
During the quarter, government sales increased 189%, due to successful sonobuoy testing, but at no or minimal margins. Medical/scientific instrumentation sales rose 29%.
The company expects sonobuoy margins to improve in future quarters.
WASHINGTON – Durable goods orders fell in September for the second straight month, the Commerce Department reported today. Orders dropped 1.7% after dropping 5.3% in August, the first back-to-back declines in more than a year, on lower demand for autos, computers and electronics products, among other items.
Most economists felt orders would rise, and blame is being attributed to housing finance and other credit problems.
Durables are defined as manufactured goods that have a life of at least three years.