News
CHANDLER, AZ - Isola Group has acquired the assets and intellectual property of Gividi-Italy, a specialty manufacturer of fiber glass cloth for the PCB industry. The company, located in Monza Italy, has revenue of over $20 million and will report to Isola Europe. The acquisition is set to be completed during the first week of Apri. Terms were not disclosed.
"This acquisition strengthens our technology platform enabling us to expand the development of proprietary finishes used for our rapidly growing high performance products segment," said Ray Sharpe, president and CEO of Isola Group. "This investment demonstrates the commitment of our shareholders to not only the printed circuit industry, but to our new product development process as well."
The new company will be renamed to Isola Fabrics S.r.l. according to Augusto Meozzi, president Europe for Isola Group.
Asymtek and other SCQI award winners were honored at a celebration in Burlingame, CA on March 15. Intel also recognized award winners with an advertisement in the U.S., Europe and Asian editions of the Wall Street Journal.
"Asymtek continues to deliver outstanding results on key programs and initiatives for Intel," said Ron Rinfret, Director of Assembly Capital Equipment Development, Intel. "For the second year in a row Asymtek has been recognized as one of the 'best of the best' suppliers at Intel. We look forward to working with Asymtek in 2005 on additional challenging and strategic initiatives and are confident in their continued excellent support."
The SCQI awards are part of Intel's Supplier Continuous Quality Improvement process, which encourages key suppliers to strive for excellence and continuous improvement.
Loof is managing partner of a New York management consulting firm. He was previously chief executive of Sensormatic Electronics, now part of Tyco. Loof also has had posts at Andersen Consulting, Digital Equipment Corporation, AT&T and NCR.
Tessera now expects first quarter revenue in the range of
$27.3 million to $27.5 million, as compared to previous guidance of
$21.5 million to $22.0 million.
Ina press release, Tessera chairman and chief executive Bruce McWilliams said, "We are revising our guidance upwards based upon the impact of new licenses signed, as well as the overall good performance from our existing licensees in the past quarter, particularly related to devices used in computing and in personal communications."
Also, today, the company signed a technology licensing agreement with Fujitsu covering chip-scale packaging in ASICs, ASSPs and system-on-chips.The technology includes chip-scale and multichip package types. No financial details were disclosed.
In the suit, Suntron claims it spent millions of dollars on raw materials and other inventory-related costs as result of false promises of business from Applied Materials. The suit alleges a other unlawful acts and unfair business practices as well.
Suntron
provided more than 7,000 different finished products to Applied
Materials, Suntron said in a press statement. The lawsuit claims that
Suntron has been left with more than $18 million
worth of unused and obsolete inventory.
For the fiscal year, net sales at the EMS provider were up 25% to $72.7 million. Net income for year was $587,329, beating guidance, versus $633,448.
"We are very pleased with these record-setting revenue levels for Nortech in the fourth quarter and for the entire year," said Mike Degen, president and CEO. "We will use this opportunity to leverage these strong results to expand our customer base and continue to invest in the Nortech brand and our infrastructure."
Throughout the year margin pressure was strong
due to higher energy costs, increased
commodity prices and international competition.
