Circuits Assembly Online Magazine - Features

YAVNE, ISRAEL – Valor Computerized Systems announced second-quarter revenues rose 14.8% over the same quarter last year to $10.6 million. The software company’s net profit fell 32% to $681,000 for the quarter. Earnings before taxes, depreciation and other charges (EBITDA) fell 13% to $1 million.

Product revenue was up 16.5%, while maintenance revenue climbed 12%.

First-half revenues grew 18.7% year-over-year to $20.9 million. The company reported EBITA rose 19.9%, but earnings dropped 3.7% year-over-year.

LAGRANGE, OH – EMS provider Inservco Inc. has acquired Test Technology Manufacturing Services Inc. and will relocate the company to its Ohio headquarters. No financial details were disclosed.

EDINA, MN – The SMTA has announced its 5th annual Medical Electronics Symposium to be held Jan. 29-30 at the Anaheim Convention Center in Anaheim, CA.

The 2008 program, previously held in Minneapolis, will now be co-located with the Nano-Technology Medical Device and Manufacturing Expo West.

This symposium will focus on medical electronics and medical device applications. The technical committee is soliciting abstracts from within the medical community that share up-to-date information about company electronics expertise, practices, technology and applications related to symposium topics.

Topics may include active and passive components; packaging and materials for medical electronics; assembly technology challenges; manufacturing/equipment requirements; barriers to entry for assembly; sensors/MEMS/nanotechnology; RoHS/WEEE impact on design; wireless telemetry; substrate materials for medical electronics; environmental constraints; emerging technologies for medical electronics; advanced cleanliness requirements; advanced packaging for medical electronics; medical device process development/improvement; battery technology, and more.

Please provide an abstract (300-word min.) on any relevant topic to Melissa Serres at melissa@smta.org no later than Aug. 31. Please include contact information (address, phone number, email address) and a paper title with your abstract submission.

Written papers are due Nov. 16.

Visit http://www.smta.org/education/symposia/symposia.cfm#medical for more information.

EL SEGUNDO, CA – Facing intense competition from LCDs in the consumer and business markets, plasma display panel manufacturers are finding it increasingly difficult to keep pace, according to iSuppli Corp.

Global PDP revenue will rise to $8.6 billion this year, up 11.8% year-over-year. Revenue will swell to $10.2 billion in 2008, up 18.5% from 2007 because of increased production of 50" and larger sizes, says the firm.

But, because of increased competition and continuous price pressure, the market will then undergo a revenue contraction, declining to $8.7 billion by 2011, says iSuppli.

Falling average selling prices are enabling PDPs to enjoy a growth phase in the consumer and business market, says the research firm. However, this growth period will be short-lived, with those same ASP declines causing market revenue to decline starting in 2009, following a peak in 2008.

According to iSuppli, declines in PDP ASPs are being driven by a number of factors, including increased competition forcing panel makers to reduce prices; larger PDP fab sizes boosting production efficiencies; improved manufacturing processes; declining costs for display materials; escalating competition from LCD and microdisplay-based rear-projection technologies.

Unit shipments will reach 23.6 million by 2011, rising at a CAGR of 18.6% from 2006.

MINNEAPOLIS – EMS provider Nortech Systems Inc. reported record net sales of $31.1 million for the second quarter, an increase of 19% year-over-year.

Operating income totaled $840,000, up 34% year-over-year. Net income of $367,500 was up 19% from the second quarter of 2006.

For the first half of the year, Nortech reported net sales of $59.1 million, an increase of 13% year-over-year. Operating income was $1.5 million, up 21%, while net income was $654,400, an increase of 14%.