-
- News
- Books
Featured Books
- smt007 Magazine
Latest Issues
Current IssueBox Build
One trend is to add box build and final assembly to your product offering. In this issue, we explore the opportunities and risks of adding system assembly to your service portfolio.
IPC APEX EXPO 2024 Pre-show
This month’s issue devotes its pages to a comprehensive preview of the IPC APEX EXPO 2024 event. Whether your role is technical or business, if you're new-to-the-industry or seasoned veteran, you'll find value throughout this program.
Boost Your Sales
Every part of your business can be evaluated as a process, including your sales funnel. Optimizing your selling process requires a coordinated effort between marketing and sales. In this issue, industry experts in marketing and sales offer their best advice on how to boost your sales efforts.
- Articles
- Columns
Search Console
- Links
- Events
||| MENU - smt007 Magazine
Speaking of this Week — January 23, 2004
December 31, 1969 |Estimated reading time: 3 minutes
By Christine F. Della Monaca, Managing Editor, SMT
Speaking of this Week summarizes and analyzes events in the electronics assembly industry every Friday.
This week, progress just keeps on progressing. We've also got financial results, trade show and personnel news, companies coming together, and industry analysis. Onward:
- Progress news from our own Jennie Hwang, Ph.D., a member of the SMT Editorial Advisory Board and president of Cleveland-based H-Technologies Group Inc.. Dr. Hwang was appointed to the newly formed Committee on Globalization of Materials Research and Development of National Materials Advisory Board, adding to her impressive list of credentials and affiliations. In the meantime, Albuquerque-based CVI Laser LLC is expanding its optomechanical assembly work force by 50 percent, while Finland-based EMS provider Elcoteq Network Corp. is standardizing on Airline Hydraulics Corp.'s Grid-Lok tooling. In award news, Elkhart, Ind.-based CTS Corp. announced this week that a leading Chinese vehicle manufacturer selected the company's automotive products division to supply ETC pedal assemblies for cars in China, while Lake Mary, Fla.-based FAR0 Technologies Inc. received the Euromold Gold Award for its FARO Gage portable CMM. And Methuen, Mass.-based Parlex Corp. announced that Holland, Mich.-based Johnson Controls Inc. awarded the company its Gold Supplier Award for the third year in a row. Last but certainly not least, Houston-based BP Microsystems' equipment now can support more than 19,000 devices, and Bethlehem, Pa.-based FlexLink extended its online technical library with two new catalogs. Whew!
- I'm happy to report that financial news is all good this week. For example, Boston-based Teradyne Inc. reported sales of $357.6 million for the fourth quarter, with net orders increasing 45 percent quarter-over-quarter. Similarly, Wallingford, Conn.-based Amphenol Corp. saw fourth quarter 2003 earnings rise from 52 cents in the comparable year-ago period to 74 cents, an increase of 42 percent. Meanwhile, Minneapolis-based CyberOptics Corp. is looking ahead. The company expects to report sales of $11 million for the fourth quarter 2003, up from previous guidance of $9.5 to $10 million for the quarter. We'll know for sure during the third week of February, when the company officially announces its results. Finally, Austin, Texas-based National Instruments' Board of Directors declared a quarterly cash dividend of 5 cents per share for shareholders of record as of February 5. Let's hope we see more dividend news in the future — it's always a good sign.
- Some trade show news: Boston-based Design Chain Associations LLC has teamed up with EPTAC to offer a half-day Introduction to Lead-free Seminar, which will cover such topics as business environment and processes, resources, and equipment. Meanwhile, Northbrook, Ill.-based IPC — Association Connecting Electronics Industries announced the lineup of free events for its APEX/IPC Printed Circuits Expo/IPC Designers Summit, taking place in late February in Anaheim, Calif. Finally, NEPCON East/Electro/Assembly East, taking place in May in Boston, will feature four free educational sessions.
- Some personnel announcements: Santa Clara, Calif.-based Advantest America Inc. promoted general manager R. Keith Lee to president and CEO. Advantest announced just last week that it was appointing financial controller Keith M. Hardwick as acting president to replace Nick Konidaris, who became president and CEO of Electro Scientific Industries Inc. And Newbury Park, Calif.-based Photo Emission Technology Inc. (P.E.T.) appointed Art Gilman of Montrose, Calif.-based Unique Equipment Corp. director of sales for their cleaning validation equipment, while Hudson, Mass.-based IntegraTECH Solutions Corp. named Wayne R. Barrett vice president of operations.
- Just one bit of partnership news: Rancho Cucamonga, Calif.-based Aqueous Technologies Corp. named Boca Raton, Fla.-based Technical Resources Corp. as a manufacturer's representative serving Florida and Puerto Rico.
- Finally, a look at the harsh environment fiber optic component market, which is dominated by military and aerospace-qualified components: San Mateo, Calif.-based forecasting firm ElectroniCast Corp. predicts that global consumption of these components will rise from $508 million in 2000 and $1.19 billion in 2003 to $2.31 billion in 2007.
This just in: According to this week's Quick Vote, 77 percent of you do not have an office in India, and 23 percent of you do.
Have some insight on the industry? See something you don't agree with? Think I'm right on? Send it all to me at mailto:christinef@pennwell.com.