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GLENVIEWl, IL -- Illinois Tool Works reported first-quarter sales fell 24% year-over-year to $2.91 billion. The conglomerate reported a loss of $39.4 million, down from net income of $303.6 million a year ago.
ARLINGTON, VA -- The Manufacturers Alliance/MAPI today predicted US manufacturing will likely decline for the next one to two quarters, based on a recent survey of manufacturing executives.
EL SEGUNDO, CA – China in 2009 is expected to defy the downturn in the global wireless infrastructure equipment business, as the nation’s 3G network rollout drives double-digit growth in carrier capital spending, according to iSuppli Corp.
HOUSTON -- Rice University scientists have found a simple way to create basic elements for aircraft, flat-screen TVs, electronics and other products that incorporate sheets of tough, electrically conductive material.
Overall attendance at the Las Vegas show dropped 34.5% year-over-year, according to figures released today by the show producers.
NEW YORK -- An Oppenheimer analyst is raising his outlook for the semiconductor manufacturing equipment sector on the heels of data showing wider growing demand.
AUSTIN, TX -- Dell will enter the smartphone market, continuing the PC-cellphone crossover launched by Apple and furthered by Nokia.
ARLINGTON, VA – Electronics component orders bounced back slightly in March from lows in the first two months of the year, according to the monthly index compiled by the Electronic Components Association.
SZEKESFEHERVAR, HUNGARY -- Videoton Holding is forecasting revenues to drop more than 20% this year.
Videoton, the largest EMS firm in Hungary and the 27th largest worldwide, according to the CIRCUITS ASSEMBLY Top 50, said volumes would fall 30 to 40% for the year.
It has trimmed its employment rolls by 800 in the past year and is contemplating more cuts, according to reports.
Videoton's sales are largely derived from automotive (50%), household appliances (20%) and industrial electronics (10%).
