NEWBURG, OR, Jan. 10 - Wise Software Solutions reported 2004 revenues were up 15% in North America and 6% internationally over 2003. The CAM software and services provider said the growth was the result of increased direct selling efforts within North America, refinements to their distributor network throughout the rest of the world, and the success of GerbTool v. 13.
"Despite
improvements in the world's economy, the EDA industry doesn't
appear to be out of the woods yet," said Jeff Miller, vice president of
sales and marketing. "I'm pleased that we achieved a third straight
year of growth; however the market continues to be cautious. Our plan
is to forge ahead in our efforts toward providing high-level analysis,
verification, and tooling functionality at a price that users can
afford."
KENOSHA, WI, Jan. 13 — Visitors to Pro-Mation's web site can now see
the company's newest systems, designs and technologies first-hand.
In a press release CEO Gary
Goldberg said, "We added this feature to allow customers a way to keep
updated on our continuous release of new products and technologies. By
posting a clear photograph of each within a designated area on our
site, visitors can conveniently contact us with any questions about the
designs. We feel this user-friendly feature will provide the speed and
flexibility our customers need to remain at the top of this
ever-changing industry."
Pro-Mation makes equipment for PCB handling and conveying, selective laser soldering, AOI and other lines.
<!--[if !supportEmptyParas]--> <!--[endif]-->
<!--[endif]-->
BOSTON, Jan. 7 -- Teradyne Inc. will lay off 320 employees and vacate a plant in California as part of an effort to cut expenses. The company will take an $11 million charge.
In an SEC filing today, Teradyne said it would terminate approximately 320 employees from its Connection Systems and Assembly Test divisions and vacate a facility leased by the company's Assembly Test division in Poway, CA.
The restructuring is expected to be completed during this quarter.
LAGUNA, Philippines, Jan. 11 -- Electronics manufacturing services provider Integrated Microelectronics Inc. will exhibit at Internepcon World Japan in Tokyo later this month.
The show takes place Jan. 19 to 21, at the Tokyo Big Sight convention center.
IMI president and chief executive Arthur R. Tan called the show "a good venue to showcase our complete and high value electronics manufacturing solutions."
IMI performs PCB assembly, subassembly and integration, plus design and product development, and order fulfillment. Japanese customers account for 70% of IMI's annual revenues.
Investment bank Deutsche Bank today forecast EMS sales to slow through at least the first half of 2005. In a research note, analyst Chris Whitmore predicted 7% year-over-year growth for the industry in 2005.
"We remain concerned about the EMS industry's ability to meaningfully expand margins in the current business environment. We believe continued excess capacity, increasing competition from Asia-based producers and slowing near-term demand trends will likely result in continued margin pressure," Whitemore wrote.
Whitemore said that margin pressures and competition should be "somewhat offset" by restructuring and other cost-reduction activities.
The bank said fourth-quarter 2004 results should be in line with tepid expectations. "We believe most EMS vendors will report in line with our EPS forecasts, despite continued weak end-market demand in the December quarter." The bank's outlook for Sanmina-SCI was cited as "most cautious." "We expect Sanmina-SCI to post December quarter results at the low end of guidance," Whitmore wrote.
GREENVILLE, SC, Jan. 11 -- Kemet Corp. said today that December revenue was down 10% sequentially due to paring of inventories at its distributors. The parts maker said March revenue should improve compared to December.
Speaking at the Needham Growth Conference, chief executive Dr. Jeffrey Graves said, "During our last earnings conference call, we reported that Kemet distributors had built inventory of parts in the June quarter in anticipation of strong growth in their sales in the second half. When their sales growth was more moderate than they expected, in the September quarter they reduced inventory levels, resulting in reduced Kemet revenue in the September quarter. This inventory correction continued into the December quarter."