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News

WASHINGTON -- New orders for durable goods fell 2.5% sequentially in June on slower orders for transportation gear, the US Commerce Department reported.

NORTH BILLERICA, MA – BTU International Inc. reported second-quarter net sales of $10.8 million, down 47% compared to the same quarter a year ago, and up 10% sequentially.

SAN JOSE -- Flextronics has reportedly agreed to the sale of Nortel's wireless technology assets to Ericsson, paving the way for the deal to be finalized.

ELKHART, IN – CTS Corp. today reported second-quarter revenues of $120.4 million, down 35.4% year-over-year, and up 2% sequentially.

SAN JOSE -- Agilent Technologies has entered into an agreement to acquire Varian Inc. for $1.5 billion in cash.

BANNOCKBURN, IL -- A proposed standard covering halogens in electronics products is being circulated to industry for review and vote.

REDMOND, WA – Data I/O Corp. reported second-quarter revenues were $3.9 million, down 51% year-over-year and 11% sequentially.

NEW YORK – Dover Corp. reported revenue for the second quarter was $1.4 billion, down 31% over the prior-year period.

TORONTO -- Celestica reported second-quarter revenue fell 25.2% to $1.4 billion, in line with the company's April guidance.

SAN JOSE -- Sanmina-SCI reported third-quarter revenue fell 37% year-over-year to $1.21 billion.

ST. LOUIS -- BAE Systems awarded LaBarge a $6.1 million add-on contract to produce electronics assemblies for the Advanced Gun System.

TOKYO -- The 90-day moving average orders for Japan-based semiconductor equipment manufacturers was 35.6 billion yen ($377.3 million) in June, up 37% over the revised May figures.