JACKSON, MI -- Sparton Corp. reported earnings for its fourth quarter ended June 30 rose 227% to $4.9 million, boosted by a one-time, pre-tax gain of
$5.45 million from a settlement
with it former insurers.
Net sales were $45.9 million, down 4% from $47.8 million last year. In Q4 2004 the company posted earnings of $1.5 million.
PHOENIX -- Suntron Corp. today said it is applying to transfer the listing of its
common stock to the Nasdaq SmallCap Market.
On Aug. 23, Nasdaq notified the supplier of electronics manufacturing
services of a possible delisting
as the market value of publicly held shares failed to
comply with minimum requirements.
Suntron will seek to
transfer its listing to the SmallCap index and will
remain listed on the National Market while its application is being reviewed.
Eindhoven, The Netherlands – Royal Philips Electronics (semiconductors.philips.com) announced a worldwide franchise agreement allowing Digi-Key Corp. to distribute Philips’ semiconductors. Philips will continue to work with its established global partners.
Digi-Key specializes in assisting the engineering community with component sourcing and getting to market quickly. Its order fulfillment process enables 99% of all orders placed to be shipped the same day they are ordered.
“Digi-Key provides customers with extremely fast turn-around capabilities that can give them the edge in the market,” said Bill Galione, VP of sales and marketing, Americas, Philips Semiconductors. “Digi-Key also excels at delivering extremely small orders that other organizations might have difficulty with, and this makes it easier for the engineering community to obtain prototype quantities that could help to speed the development cycle of new products.”