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Speaking of this Week — November 21, 2003
December 31, 1969 |Estimated reading time: 3 minutes
By Christine F. Della Monaca
Speaking of this Week reflects on events in the electronics assembly industry every Friday.
There's lots to give thanks for this week. Progress continues to reign supreme, and good financial news comes to the fore as well. Companies continue to come together, present at tradeshows, and hire new personnel. There's also some insight into the volatile optoelectronics market. And away we go:
- Some good progress news: Rancho Cucamonga, Calif.-based Aqueous Technologies Corp. named Kirby and Demarest as its manufacturer's representative serving parts of the Northwest and British Columbia. Meanwhile, Herzlia, Israel-based Tecnomatix Technologies Ltd. saw Comau S.p.A., a supplier of industrial automation systems for automotive applications, buying more than $1.3 million in software and services in 2003. Tecnomatix also had another bit of progress news: German automotive giant Audi AG implemented a logistics planning solution based on Tecnomatix's eMPower solutions. In award news, Janusz Rajski, Ph.D., of Wilsonville, Ore.-based Mentor Graphics Corp. was honored as "Professor of Science" in Poland, the highest research degree in that country. Also, Martin Freedman of Molex was honored by the JEDEC Solid State Technology Association with a 2003 Chairman's Award. Finally, KEMET Corp. relocated its Asian headquarters from Singapore to Shanghai, China. They know where the action is.
- Some financial news: Palo Alto, Calif.-based Agilent Technologies Inc. returned to profitability in its fourth quarter ended October 31, with orders of $1.73 billion and revenue of $1.68 billion. GAAP net earnings were $13 million, translating into 3 cents per diluted share, which compares to a GAAP loss of $236 million, or 51 cents per share in the comparable year-ago period. Good news! In the meantime, Hauppauge, N.Y.-based Jaco Electronics Inc. saw similarly bright news for its fiscal first quarter 2004 ended September 30. Net sales increased 47 percent to $72.2 million, compared with $49 million for the comparable year-ago period. Fremont, Calif.-based Credence Systems Corp. is looking to a 30 percent increase in revenue for its fiscal fourth quarter compared to the fiscal fourth quarter in 2002. We'll know for sure on Monday, November 24, when the company officially announces its results. Finally, some slightly better news: West Chicago, Ill.-based M-Wave Inc. announced net sales of $3.5 million for the quarter ended September 30 and a net loss of $3 million, or 69 cents per share, compared to sales of $3.8 million and a net loss of $3.3 million, or 75 cents per share, for the same period in 2002.
- Companies coming together: Morrisville, N.C.-based JUKI Corp. and Binghamton, N.Y.-based Universal Instruments Corp. signed a comprehensive business alliance agreement, while Showa Denko K.K. (SDK) and KEMET Corp. enhanced their technical and manufacturing alliances by expanding their co-manufacturing agreement regarding solid conductive polymer aluminum surface mount components.
- Some tradeshow news, past and future: Norwood, Mass.-based Analog Devices Inc.'s Micromachined Products Division vice president and general manager William Giudice spoke at the MIT Enterprise Forum of Cambridge at the 25th anniversary event, while San Diego-based GE Global Electronics Solutions conducted a second live and webcast auction of printed circuit assembly equipment. Finally, the Minneapolis-based SMTA issued a call for papers for SMTA International 2004 in the following topics: Emerging Technologies, Components, Assembly, PCB Technology, Process Control and Business.
- Personnel news: Sunnyvale, Calif.-based Honeywell Electronic Materials appointed Oliver Shon as its new greater China sales leader, while Ed Monzon moved from Irvine, Calif.-based Toshiba America Electronic Components to San Clemente, Calif.-based Legacy Electronics. Finally, Austin, Texas-based Staktek Holdings Inc. has a new member of its Board of Directors in Mort Topfer, and Melville, N.Y.-based Arrow Electronics Inc. announced that Robert E. Klatell, executive vice president and member of the Board of Directors, will retire at year end.
- Finally, a look at the challenged optoelectronics industry: Palo Alto, Calif.-based Frost & Sullivan released a study entitled World Optoelectronics Market that stated the industry generated revenues totaling $4.23 billion in 2002, with total revenues expected to reach $7.22 billion in 2009.
This just in: According to this week's Quick Vote, 86 percent of you work for companies involved in telecom, while 14 percent of you do not.
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.