News
PEMBROKE, BERMUDA – Tyco Electronics forked over nearly $1 million in lobbying expenses in the last six months of 2007, according to a required disclosure form.
According to the filing, Tyco Electronics lobbied Congress, the departments of Homeland Security, Commerce and Treasury, the Federal Communications Commission and the U.S. Trade Representative.
The company lobbied on federal contracting issues, funding for public safety communications equipment, international tax on foreign investments, and trade with China.
The company is one of the largest connector suppliers in the world. It split from parent Tyco International last year. Per the filing, Tyco registered to lobby the government in July, and spent $900,000 from that period through year-end.
ARLINGTON, VA – Sales of in-vehicle consumer electronics will grow at a rate of 13% to more than $12.8 billion in 2008, according to the Consumer Electronics Association.
NEW YORK – KPS Capital Partners announced Pierre de Villemejane will advise the company as it pursues investments in the capital equipment, engineered products and assembly industries in North America and Europe.
de Villemejane, who speared the turnaround of Speedline Technologies, is experienced in assembly, sales, sourcing and distribution of finished products and components. The former Cookson executive was tapped to run Speedline when KPS acquired it in November 2003. KPS sold Speedline to ITW last year.
KPS is considering standalone investments in operating companies, and the acquisition of businesses operating as subsidiaries or divisions of large multinational companies.
de Villemejane, who speared the turnaround of Speedline Technologies, is experienced in assembly, sales, sourcing and distribution of finished products and components. The former Cookson executive was tapped to run Speedline when KPS acquired it in November 2003. KPS sold Speedline to ITW last year.
KPS is considering standalone investments in operating companies, and the acquisition of businesses operating as subsidiaries or divisions of large multinational companies.
BANNOCKBURN, IL – A joint IPC/ECA/Jedec effort to define and classify passive components’ potential of thermal damage during assembly is gaining steam.
J-STD-075, Classification of Non-IC Electronic Components for Assembly Processes, is being circulated to the respective trade groups’ memberships for comment and approval.
J-STD-075, Classification of Non-IC Electronic Components for Assembly Processes, is being circulated to the respective trade groups’ memberships for comment and approval.
CHAMPAIGN, IL -- John Bardeen, who won a Nobel Prize for his work on the transistor, will be memorialized on a U.S. stamp.
The stamp will be officially issued this week at the Postage Stamp Mega-Event in New York.
In 1947, Bardeen, with fellow Bell Labs' scientists Walter
Brattain and William Shockley, invented the first working transistor. Eight years later, the trio won the Nobel Prize.
The stamp will be officially issued this week at the Postage Stamp Mega-Event in New York.
EL SEGUNDO, CA – Consumers are snapping up digital photo frames and tiny televisions, spurring a period of supply tightness and price increases for small/medium displays that is expected to linger through the first quarter, says iSuppli Corp.
Overall demand for small/medium displays – for example, screens with diagonal dimensions of less than 10" – exceeded supply by a scant 0.8% in the fourth quarter, down from 6.2% sequentially. Supply will exceed demand by only 1% in the first quarter, according to the research firm.
“With demand just barely higher than supply, availability of some screens has been constrained, which in the fourth quarter led to something that hasn’t been seen in the small/medium display market for a year: price increases for some products,” said Vinita Jakhanwal, principal analyst, mobile displays, for iSuppli. “With the large volumes and intense competition in small/medium displays, prices typically decline on a quarterly basis. The price increases indicate that demand growth is extremely vigorous.”
The global average selling price of small/medium displays used for digital photo frames rose to $30 in the fourth quarter, up 20% sequentially, Jakhanwal noted. The ASP for small/medium displays for tiny LCD televisions rose to $8.40 in the fourth quarter, up 2.4% sequentially.
Although prices for digital photo frame displays will decline by 3.3% in the first quarter, prices will increase slightly in other areas, including portable media players, mobile handsets, automotive applications, camcorders, cameras and industrial/financial applications, iSuppli predicts.
This will cause the overall ASP of small/medium displays to rise to $6.80 in the first quarter, up 22% from the fourth quarter.
In general, prices for smaller-sized small/medium displays are remaining steady or decreasing slightly, while larger displays are experiencing price increases.
Pricing strength will contribute to a strong first quarter for small/medium displays, with global revenue reaching $6.4 billion, up 17.3% year-over-year. Revenue will decline by 6.5% sequentially, but a seasonal slowdown is typical, says iSuppli.
For 2008, small/medium display revenue is expected to rise to $27.6 billion, up 14.7% compared to 2007. This represents a significant acceleration compared to 8.8% growth in 2006.
On a percentage basis, digital photo frames will be the world's fastest-growing application for small/medium display in 2008, with global revenue rising to $699 million, up 91.4% from 2007. However, mobile handsets will continue to dominate the market, accounting for $15.9 billion in revenue in 2008, up 17.3% from 2007.
Although strong demand for small/medium panels is expected this year, there remains some risk of imbalances in the supply/demand equation, according to iSuppli.
Chinese white-box mobile handset demand is weakening. Furthermore, major panel overbooking could result in inflated demand expectations, leading to a correction in demand later this year.
The background to this is the precarious U.S. economy and stock market. The sub-prime crisis has weakened the U.S. economy and could dampen information technology and consumer spending.
Small/medium LCD panel makers are concerned and are contemplating reducing or slowing their capacity expansion efforts to control output during the second half of the year.
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