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LOS ALTOS, CA -- Slowing GDP gains will have a domino effect on electronics equipment demand, with replacement cycles losing momentum, according to a just released report.

Demand for everything from PCs to handsets to autos will suffer, although unit growth will remain respectable, said research firm Henderson Ventures (hendersonventures.com).

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CHICAGO -- Boeing Co. today named 3M chief executive James McNerney as chairman and CEO, bringing a long track record of integrity and success to a executive team recently marred by scandal.

McNerney, 55, formerly ran General Electric's jet engine division, and is credited with turning around 3M following his appointment there in 2001.

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Menlo Park, CA OK International announced that Mark Cowell has been named president, succeeding Michael Gouldsmith. Cowell has worked for OK and Metcal for 22 years, most recently as VP of engineering. 

Gouldsmith, who started OK as a small tool company over 20 years ago and built it into an international firm, will remain as chairman and assist Cowell in the transition.

Gouldsmith said, “Mark has played a key role at OK and one of its predecessor companies Metcal and has been responsible for the design and development of its Smart Heat soldering tools. More recently, as a member of the Executive Management Team, Mark has played an increasing role in the overall management of the company and is the ideal person to fill this role."

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