NEENAH, WI -- Plexus Corp. plans to
enter into a $150 million long-term debt facility and initiate a share
repurchase program to repurchase up to $200 million of its common stock by the end of 2008. The moves are expected to be accrective to the company's second quarter earnings.
As part of the share repurchase program, Plexus has
entered into accelerated share repurchase agreements with Morgan Stanley to repurchase $100 million of its common stock. The company will
pay Morgan Stanley $100 million in exchange for approximately 2.2 million shares.
The rest of the repurchases -- up to $100 million -- will be made in the open market.
To pay for the buybacks, Plexus will use existing cash and new long-term debt of $150 million.
"This announcement reflects our ongoing commitment to our shareholders'
total return," stated Dean Foate, President and chief executive. "We
believe that repurchasing Plexus stock at current market prices is an
attractive use of our capital with the potential to create significant
SMYRNA, GA -- Mentor Graphics will illustrate ways to cut design cycle time by 60% or more for board placing and routing in a free Webinar today at 2 pm EST. This presentation will describe some unique and innovative design-tool technologies that enable multiple designers, operating on a LAN or WAN network, to perform simultaneous placement and routing on the PCB. Users of this technology are reportedly experiencing more than a 60% reduction in layout times.
The Webinar will explain details of the technology and provide a short demonstration of multiple designer operations.
Register online here.
For more information on this Webinar, click here.
SMYRNA, GA – Korea’s RoHS/WEEE/ELV and its impact the electronics industry is the focus of a March 6 Webinar from Design Chain Associates and Eco-Frontier Co.
The new regulations incorporate elements of several EU directives including RoHS, WEEE, ELV and EuP. On top of its extraordinary breadth is a potentially short timeline and details that were just published at the end of 2007.
The one-hour Webinar will cover:
· Overview of Korea RoHS/WEEE/ELV.
· Detailed description of the requirements of the law.
· Provisions of Korea RoHS/WEEE/ELV.
· Documentation requirements.
· Recommended approaches to compliance.
Presenters include Michael Kirschner, president and managing partner of Design Chain Associates, and Junsik Youn, associate and overseas marketing manager of Eco-Frontier Co.
VANVCOUVER – Design software vendor Capilano Computing and PCB supplier
Pad2Pad.com are jointly offering free packages for schematic capture and trace layout.
The packages permit circuits to be designed in the DesignWorks Express environment and then exported to the Pad2Pad.com automatic trace router. The design package reportedly handles up to 500 netlist nodes.
A professional version is available for complex circuits, advanced tools and optional digital simulation.
Links and free download instructions are available at www.capilano.com and www.pad2pad.com.
LAS VEGAS -- Norbert Socolowski, longtime Alpha Metals chemist and inventor, died Feb. 15 in Las Vegas. He was 85.
Socolowski was the first president of the SMTA, and received that organization's Founder's Award in 1998.
He was a key member and former chairmen of numerous industry standards task groups, including ones for solder and flux.
OWEGO, NY – The Advanced Research in Electronics Assembly Consortium will gather Feb. 27-28 to review this year’s research plan and to review results of recent investigations.
Attendees from more than 30 companies and institutions are expected to attend the two-day workshop in Owego for an in-depth look at process and reliability-related research in electronics assembly.
During the workshop, Unovis researchers will review their 2007 findings pertaining to the consortium’s research tracks. Progress reports will highlight development in the consortium’s lead-free studies. Reliability issues pertaining to surface finishes, underfilling and repair will also be discussed. Also, recent investigations on TSV stacking will be presented.
REDMOND, WA – Data I/O Corp., provider of manual and automated device programming systems, announced fourth-quarter 2007 revenues of $7.7 million, up 5.2% sequentially.
Net income was $1,090,000, down 32% sequentially. For the year, revenues were $26.8 million, down 7% from 2006.
"During the fourth quarter, we again experienced large orders from automotive customers, as well as strong wireless customer business," said Fred Hume, president and CEO. "We were very pleased to announce and ship our new Flash Media Duplication system during the quarter."
"We are pleased that our restructuring actions taken in the first half of 2007 were successful in adjusting the expense structure to increase profitability as demonstrated by our third and fourth quarter's results," said Hume.