News
GREENVILLE, SC -- Kemet Corp. has named electronics veteran Per-Olof Loof chief executive, effective April 4. The company also named a new chairman.
Loof is managing partner of a New York management consulting firm. He was previously chief executive of Sensormatic Electronics, now part of Tyco. Loof also has had posts at Andersen Consulting, Digital Equipment Corporation, AT&T and NCR.
Loof is managing partner of a New York management consulting firm. He was previously chief executive of Sensormatic Electronics, now part of Tyco. Loof also has had posts at Andersen Consulting, Digital Equipment Corporation, AT&T and NCR.
SAN JOSE -- Tessera
Technologies today
raised its financial guidance for the first
quarter of 2005. The company also announced a licensing deal with Fujitsu.
The technology includes chip-scale and multichip package types. No financial details were disclosed.
Tessera now expects first quarter revenue in the range of
$27.3 million to $27.5 million, as compared to previous guidance of
$21.5 million to $22.0 million.
Ina press release, Tessera chairman and chief executive Bruce McWilliams said, "We are revising our guidance upwards based upon the impact of new licenses signed, as well as the overall good performance from our existing licensees in the past quarter, particularly related to devices used in computing and in personal communications."
Also, today, the company signed a technology licensing agreement with Fujitsu covering chip-scale packaging in ASICs, ASSPs and system-on-chips.The technology includes chip-scale and multichip package types. No financial details were disclosed.
PHOENIX -- Suntron Corp. is using Applied Materials, claiming unfair business practices on the part of the maker of semiconductor gear. Suntron seeks over $20 million in damages.
In the suit, Suntron claims it spent millions of dollars on raw materials and other inventory-related costs as result of false promises of business from Applied Materials. The suit alleges a other unlawful acts and unfair business practices as well.
In the suit, Suntron claims it spent millions of dollars on raw materials and other inventory-related costs as result of false promises of business from Applied Materials. The suit alleges a other unlawful acts and unfair business practices as well.
Suntron
provided more than 7,000 different finished products to Applied
Materials, Suntron said in a press statement. The lawsuit claims that
Suntron has been left with more than $18 million
worth of unused and obsolete inventory.
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- SMTC Strengthens Leadership for Future Growth: Ed Smith Promoted to Executive Chairman; Mike Buseman Joins as CEO
- TTCI Expands Southeastern U.S. Presence Through Partnership with Microwave Component Sources; Bert Horner and Ryan Peavey Comment