News
MYRTLE BEACH, SC -- AVX Corp. reported net sales of $319.8 million for its fiscal first quarter ended June 30, down 7% year-on-year but up 4.5% sequentially. Net income was $10.2 million, down 55% year-on-year.
John Gilbertson, president and chief executive, said, "The sales increases in the last two quarters indicate that end market growth is continuing, and this is a positive sign for AVX and the industry."
Sequentially, profit from operations improved to $10.1 million. Profit from operations was $30.7 million last year.
Cash and short and long-term investments in securities increased $5.4 million to $725.9 million during the quarter.
Redmond, WA -- Datalight and Data I/O Corp. announced a joint technology effort aimed to ease the task of bringing NAND Flash products to market.
As market demand for increased memory in electronic products has surged, designers of new products increasingly use NAND Flash memories in new designs to capture a cost advantage. The challenge is that NAND memories require bad-blocks to be detected and managed while writing to the device. The joint effort hopes to enable NAND flash users to leverage performance capabilities, shortening the development cycle and ensuring accurate handling of bad blocks.
Datalight specializes in system software to help OEMs add value to embedded devices. Data I/O is a provider of manual and automated device programming systems for programmable flash technologies.
Mansfield, TX – Mouser Electronics will be the first catalog distributor to market Oki Semiconductor’s advanced integrated circuits to the industry.
Oki manufactures a line of ICs for the telecommunications, automotive, computer, medical and consumer markets. Its portfolio of products includes microcontroller, ASIC, memory, speech synthesis and RF devices.
Mouser’s customer base of over 100,000 business accounts focuses primarily on the design-in and prototyping stage of the design cycle and are comprised of a range of companies, universities and engineering consultants who recommend, specify and purchase board level components for product designs.
GREENVILLE, SC -- Kemet Corp. today June quarter net income of $3 million on net sales of $114.1 million. The company's net loss before special items was $300,000, with the difference made up by a one-time tax benefit of $3.3 million.
Sales at the maker of passive chips were down 6.8% from last year and up 12.5% sequentially.
BOSTON -- Revenues of Europe-based electronics manufacturing services firms are in recovery, according to a recent research report.
Reed Electronics Research says the European EMS market will reach €47.1 billion by 2009, up 139% from €19.7billion in 2003. Reed estimates the market grew 20.3% in 2004, to €23.7 billion.
One big factor: Eastern Europe. The cost savings gained by moving manufacturing to the emerging region is driving the rest of the continent. Eastern Europe's EMS sales will reach €11billion by 2009, up from an estimated €4 billion this year, Reed reports. Eastern Europe is already the third largest EMS market in Europe, with a 16.8% share.
Germany is the market share leader, at 23%, followed by the U.K. (18.1%) and France (13%).
As of last year, the 10 largest companies made up an estimated 64% of total EMS sales, Reed says.
BOCA RATON, FL -- Celestica has landed a major EMS contract with Artesyn Technologies, a maker of power conversion and embedded boards for server and storage, networking, wireless and telecommunications.
In a statement today, Artesyn said it is closing its manufacturing facility Tatabanya, Hungary, and will award European manufacturing services work to Celestica. Most of the products currently being manufactured in Hungary will be transferred to Celestica's factory in Oradea, Romania, Artesyn said.
This transition is expected to be complete by the end of 2005. The move will save Artesyn an estimated $6 million next year.
Joseph O'Donnell, president and CEO, said, "Our intent to outsource production to Celestica is primarily based on their larger purchasing power and ability to leverage economies of scale from a larger manufacturing base. Additionally, Celestica's global manufacturing structure will open up sourcing options in different geographic locations as we grow our global wireless infrastructure business. The new relationship with Celestica gives us the ability to leverage our cost structure, as well as improve gross margins and overall profitability."
