News
SAN DIEGO -- Pulse, a large component manufacturer, today announced plans to increase prices of magnetic components for local area network, telecommunications, and power conversion applications due to rising costs of sub-components, consumables, energy and labor.
Unless set by contract, prices for certain catalog and custom products will increase between 3% and 10%, depending upon product type and quantities purchased, on orders placed after March 31, the company said in a statement.
ARMONK, NY - The groundbreaking sale of IBM's PC division to a Chinese OEM has passed a key federal review and is expected to go through.
The Committee on Foreign Investment in the United States has completed its review of the estimate $1.75 billion sale to Chinese PC maker Lenovo.
SIOUX FALLS, SD - Raven Industries Inc. today announced record sales and earnings for its fourth quarter and full year ended January 31. Net income for the quarter climbed 41% to $3.6 million. Total sales for the industrial manufacturer's rose 31% to $44 million.
For the past 12 months, Raven reported net earnings increased 29% to $17.9 million, and sales were up 18% to $168 million.
The company projects double-digit earnings growth in fiscal 2006.
The company's electronic systems division fourth-quarter sales were relatively flat at $12.2 million. Operating income declined 6% to $1.4 million. For fiscal 2005 division sales climbed 6% to $47 million, while operating profits fell 23%, to $4.5 million. "The ESD business model of providing low-volume, high-mix contract manufacturing services, coupled with strong customer service and engineering support, is still the most viable in this marketplace," the company said.
Press Releases
- Kitov AI Inc., FANUC America partner to advance AI-driven smart manufacturing solutions
- INSPECTIS AB ‘Makes it a Meal’ with Series U50s Advanced Kit
- Silicon Mountain Contract Services Enhances SMT Capabilities with New HELLER Reflow Oven
- Libra Industries Launches In-House High-Precision Underfill Capabilities