News
MILPITAS, CA -- Solectron Corp. president and chief executive Michael Cannon resigned yesterday, effective immediately, to take a job as president of global operations at Dell.
Chief financial officer Paul Tufano, 53, was named interim CEO and principal executive officer. A search is underway for a permanent replacement. Tufano has been executive VP and CFO since Jan. 30, 2006.
Chief financial officer Paul Tufano, 53, was named interim CEO and principal executive officer. A search is underway for a permanent replacement. Tufano has been executive VP and CFO since Jan. 30, 2006.
JACKSON, MI -- EMS provider Sparton
Corp. reported fiscal second quarter sales rose 40.8% to $53.1 million over the same quarter
last year. For the three months ended Dec. 31, the net
loss was $1.4 million, vs. a net profit of $202,000 last year. The results were lower due to the redesign and rework of existing sonobuoys to
address issues from failed drop tests which occurred during the first
quarter of fiscal 2007.
THIEF RIVER FALLS, MN - Digi-Key Corporation and Sanyo Energy (USA) Corporation announced the signing of a distribution agreement. Digi-Key is stocking lithium, nickel-cadmium and nickel metal hydride batteries in a wide variety of sizes, as well as battery packs made with Sanyo batteries. These products will be available directly from Digi-Key and will be featured in both its print and online catalogs. Sanyo Energy provides rechargeable power for phones, computers, power tools and a wide variety of portable devices.
NASHVILLE -- Kyzen Corp., a maker of specialty chemicals for cleaning electronics and other applications, reported 2006 revenues rose 30% to a
record $8.84 million over 2005. For the year ended Dec. 31, net
income rose 444% to $830,328.
In a statement, Kyzen CEO and president Kyle J. Doyel said, "Our investment in veteran personnel and state-of-the-art equipment has been a key factor in our growth. Over the last two years, Kyzen has been recognized with five industry awards for innovation. Likewise, our customers vote each day with their pocketbooks in choosing Kyzen's award-winning technology for their operations."
SALT LAKE CITY -- Chemicals giant Huntsman reported fourth-quarter net income of $80.2 million on revenues of $2.54 billion, compared to a net loss of $65 million on sales of $10.68 million for the same period in 2005.
The company announced a definitive agreement to sell its U.S. base chemicals and polymers business to Flint Hills Resources, a division of Koch Industries, for $761 million. The deal is expected to close in the third quarter.
Huntsman makes solder mask, conformal coating and other specialty materials.
The company announced a definitive agreement to sell its U.S. base chemicals and polymers business to Flint Hills Resources, a division of Koch Industries, for $761 million. The deal is expected to close in the third quarter.
Huntsman makes solder mask, conformal coating and other specialty materials.
LOS ANGELES - The IPC and iNEMI, in
cooperation with GEIA, HDPUG and JEDEC, are
sponsoring a free forum at the IPC Apex trade show to
discuss keeping industry reliability test protocols current with
rapidly changing markets.
The summit is planned for Feb. 23 from 8:30 to 4:30, room 404AB, in the Los Angeles Convention Center.
For more information, visit GoIPCShows.org/ReliabilitySummit.asp.
The summit is planned for Feb. 23 from 8:30 to 4:30, room 404AB, in the Los Angeles Convention Center.
For more information, visit GoIPCShows.org/ReliabilitySummit.asp.
