For the July quarter, BTU reported net income of $770,000, up 361% sequentially, on sales of $15.8 million. The company's net loss for the year-ago quarter was $892,000.
First-half net sales were up 12% to $28.6 million. Net income was $937,000, compared to a loss of $1.9 million.
"We are pleased with the progress we are making in bringing cost under control, improving our results and globalizing our business," said Paul J. van der Wansem, chairman and chief executive.
"Our visibility into the future remains limited, but we continue to see strength in most of our markets," said van der Wansem. "Based on our current knowledge, we expect third quarter sales to be equal or better than the second quarter, with profits improving in line with revenue growth."
SANTA CLARA, CA -- Intel Corp. today announced plans to build a state-of-the-art $3 billion semiconductor production plant in Arizona.
The world's largest maker of microprocessers plans to construct a 300-mm silicon wafer fab at the company's Chandler, AZ, manufacturing site.
ANGLETON, TX -- Benchmark Electronics, a leading contract manufacturing provider, reported June quarter sales of $561 million, up 14% from $491 million last year. Second-quarter net income was $18.7 million, up from $17.6 million a year ago.
The results were driven by "significant" new program production, said president and chief executive Cary T. Fu, in a statement. "We expect strong growth and opportunities in the second half of 2005."
Last week, in response to increasing demands for currency reform, the Peoples Bank of
In a press statement, IPC announced its disappointment with
Dan Feinberg, chairman of IPC’s government relations committee, said, “In the short term, these changes will have little or no impact on the balance of trade and the
John Kania, IPC government relations director, said, “
IPC is a member of the China Currency Coalition, an assembly of trade groups who seek currency reform. H.R. 1498, sponsored by
The statements echoed those of other trade groups, which hailed the move as a step forward but put
“
Also last week, Dave McCurdy, president and CEO of the Electronic Industries Alliance (eia.org), and a former U.S. Congressman, said, “We have long encouraged the idea that the yuan should be allowed to float and have advocated the approach of tying the yuan to a broader basket of international currencies, as they have chosen to do. We believe this pragmatic approach will allow the yuan’s value to rise against the dollar in a way that will allow
ATLANTA — PBR Seminars announced today the debut broadcast of a free two-hour Webinar featuring renowned industry analyst Walt Custer.
The event, Business Outlook: Global Electronics Industry, will be held Aug. 9, at 1 pm Eastern/10 am Pacfic.
SHANGHAI -- China yesterday assented to longstanding calls to revalue its currency, a decision that could have major repercussions for manufacturing and other industries elsewhere.
Critics of the former fiscal policy hailed the move.
With the yuan now in play, most feel that its value will rise relative to the dollar, thus raising the value of China's goods and services abroad. The effect: the price advantage companies have in making products in China will dissipate.