News
GLENVIEW, IL – Illinois Tool Works today reported operating revenue rose 15% for the three months ended Feb. 28. The conglomerate saw 2% growth from existing divisions and 11% from acquisitions.
Among ITW's major electronics assembly company holdings are Kester Solder, Speedline Technologies and ITW Chemtronics.
HANNOVER, Germany – Support for AMD’s new standard for small form factor PCs is growing, the chipmaker said today.
DTX open standard specification helps OEMs and suppliers to develop energy-efficient small form factor products that are smaller, quieter, and desktop-friendly. Akasa, Albatron, ASUS, Asetek, Compucase, ECS, Founder, FSP, Gigabyte, Hedy, NVIDIA, Shuttle, SilverStone Technology, Thermaltake and Tongfang have expressed support for DTX, AMD said.
SAN
FRANCISCO -- The CFO and and executive vice president of Juniper Networks have resigned, the company said last night.
Juniper chief executive Scott Kriens said resignations were "not at all related to the financial model or the financial performance of the company." Juniper filed required financial statements for fiscal 2006 last Friday, following delays due to an internal probe into the network gear OEM's employee stock options disbursements.
Juniper chief executive Scott Kriens said resignations were "not at all related to the financial model or the financial performance of the company." Juniper filed required financial statements for fiscal 2006 last Friday, following delays due to an internal probe into the network gear OEM's employee stock options disbursements.
MANKATO, MN -- EMS provider Winland Electronics reported fourth quarter revenues rose 5% to $9.2 million year-over-year, led by new
customer wins and expanding sales to current customers base. The company recorded a record $37.9 million in sales for the year.
For the period ended Dec. 31, net income fell 92.4% to $51,036, compared to last year.
AMSTERDAM – Royal Philips Electronics has taken its first steps toward divesting its stake in Taiwan Semiconductor Manufacturing Company (TSMC), selling about 887 million shares to financial investors in Taiwan for about 1.3 billion euros in cash.
The move was expected: Philips on March 9 announced a multi-phased plan to divest itself from TSMC.
The sale generated proceeds of approximately 1.3 billion euros, and will result in a non-taxable gain of approximately 725 million euros for Philips’ first quarter 2007.
Philips now holds approximately 3,301 million shares in TSMC, lowering its holding in TSMC from 16.2% to 12.8%.
The move was expected: Philips on March 9 announced a multi-phased plan to divest itself from TSMC.
The sale generated proceeds of approximately 1.3 billion euros, and will result in a non-taxable gain of approximately 725 million euros for Philips’ first quarter 2007.
Philips now holds approximately 3,301 million shares in TSMC, lowering its holding in TSMC from 16.2% to 12.8%.
EL SEGUNDO, CA – Rapid price reductions are boosting sales of large-sized LCD TVs, says iSuppli, which increased its forecast for shipments in 2007.
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