News
RICHARDSON, TX -- TXP Corp., a provider of pre-manufacturing services announced results for the three and six months ended June 30, 2006. Revenue for the second quarter increased 34% to $1.9 million, up from $1.4 million in Q2 2005.
Operating income was $21,000, compared to a loss of $43,000 for the second quarter last year. Net loss was $4.1 million, or $0.04 per share, compared to net loss of $88,000 or $0.00 per share, for Q2 2005. Net loss included non-cash charges of $4.3 million related to a change in the fair value of derivative financial instruments, and $465,000 related to gain on early extinguishment of debt.
Michael C. Shores, president and chief executive, said in a press release, "I am extremely pleased to report that we achieved an operating profit for the second quarter of fiscal 2006 -- a major accomplishment, given the early stage of our business. Moreover, our customer base has grown to over 93 customers at the end of the second quarter, from 63 customers at the same time last year."
Operating income was $21,000, compared to a loss of $43,000 for the second quarter last year. Net loss was $4.1 million, or $0.04 per share, compared to net loss of $88,000 or $0.00 per share, for Q2 2005. Net loss included non-cash charges of $4.3 million related to a change in the fair value of derivative financial instruments, and $465,000 related to gain on early extinguishment of debt.
Michael C. Shores, president and chief executive, said in a press release, "I am extremely pleased to report that we achieved an operating profit for the second quarter of fiscal 2006 -- a major accomplishment, given the early stage of our business. Moreover, our customer base has grown to over 93 customers at the end of the second quarter, from 63 customers at the same time last year."
WEST HAVEN, CT – Enthone Inc., a business of Cookson Electronics, has introducing dedicated Simple Chinese and German language content throughout its Website (enthone.com). The content provides both product information, as well as data tailored to address technology needs, product applications and other requirements for customers in the Asia-Pacific region and Germany.
The user may access the new language Website areas by clicking on the "Select Language" drop down menu located in the upper left quadrant of every page.
The user may access the new language Website areas by clicking on the "Select Language" drop down menu located in the upper left quadrant of every page.
Huub van Dun, president of Enthone Inc., said: "There is no doubt that the substantial growth, acceptance and continued demand of Enthone products throughout the Asia-Pacific region has mandated the rebirth of the enthone.com site to better serve our customers. Concurrently, Germany continues to be Enthone's largest market throughout Europe where the development and acceptance of products for the automotive and plumbing industries have global impact."
Enthone is a supplier of specialty chemicals and coatings used in the electronics and surface finishing industries.
Enthone is a supplier of specialty chemicals and coatings used in the electronics and surface finishing industries.
ATLANTA, GA — UP Media Group Inc. and Circuits Assembly have partnered with Kitmondo.com, one of the world’s largest online marketplaces for used equipment.
The new online marketplace, powered by Kitmondo, is available at circuitsassembly.kitmondo.com/. The online marketplace provides subscribers with access to thousands of classified listings containing used PCB assembly equipment, used SMT equipment and used semiconductor equipment.
The global used equipment market (all categories) is estimated at $100 billion annually. Kitmondo.com has 5,100+ equipment listings in the PCB Assembly category and boasts advertisers in 58 countries.
"We have found that Kitmondo generates specific customer interest in our products and allows us to only pay when we make a sale, thus eliminating upfront costs of advertising,” said Alden Lewis of NEA Inc., who uses Kitmondo to sell PCB assembly equipment.
The new online marketplace, powered by Kitmondo, is available at circuitsassembly.kitmondo.com/. The online marketplace provides subscribers with access to thousands of classified listings containing used PCB assembly equipment, used SMT equipment and used semiconductor equipment.
The global used equipment market (all categories) is estimated at $100 billion annually. Kitmondo.com has 5,100+ equipment listings in the PCB Assembly category and boasts advertisers in 58 countries.
"We have found that Kitmondo generates specific customer interest in our products and allows us to only pay when we make a sale, thus eliminating upfront costs of advertising,” said Alden Lewis of NEA Inc., who uses Kitmondo to sell PCB assembly equipment.
N. Billerica, MA --Transition Automation has been awarded patent # 5,887,312 for its Universal Holder System.
The key benefit is a unique pin and open circular window that allows users to quickly change blades, and know that they are referenced properly in the holder.
The design is insensitive to contamination and residual solder paste, thereby improving the accuracy and clamping performance when users install new blades. Transition Automation includes this patented design on Universal Holders it sells for retrofitting SMT printers.
The key benefit is a unique pin and open circular window that allows users to quickly change blades, and know that they are referenced properly in the holder.
The design is insensitive to contamination and residual solder paste, thereby improving the accuracy and clamping performance when users install new blades. Transition Automation includes this patented design on Universal Holders it sells for retrofitting SMT printers.
El Segundo, CA —Motorola Inc. was the star of the mobile-phone business once again in the second quarter, with its shipments increasing by an industry-leading 5.8 million units during the period, according to iSuppli Corp. The company is closing its gap with market-leader Nokia, but remained in second place in terms of unit shipments.
Motorola’s mobile-phone shipments amounted to 51.9 million units in Q2, up 12.6% sequentially from 46.1 million. Company market share rose to 23%, from 21% in Q1.
Nokia achieved 4.4% sequential growth in mobile-phone shipments, a slightly better performance than the overall market. The Finnish firm gained 1 point of share to 35%. The company shipped 78.4 million units this quarter, compared to 75.1 million in Q1.
Samsung Electronics Co. Ltd. suffered a setback in the second quarter due to disappointing overseas sales. The company’s biggest decline in shipments came from Europe.
Company phone shipments declined to 26.3 million units, down 9.3% from 29 million in the first quarter. Its market share declined by 1 point to 12%. However, Samsung’s mobile-phone Average Selling Prices improved by 1.5% as the company avoided low-end products for emerging regions.
Sony Ericsson posted the largest percentage increase in shipments among the top-five players, with its units rising to 15.8 million, up 18.8% from 13.3 million in Q1. The company has been making gains with its Walkman line of mobile phones, which accounted for 25% of its second quarter unit shipments. The company’s share rose to 7%, surpassing LG Electronics to take fourth place in the market.
Motorola’s mobile-phone shipments amounted to 51.9 million units in Q2, up 12.6% sequentially from 46.1 million. Company market share rose to 23%, from 21% in Q1.
The company benefited from its thin form-factor phones, including its successful RAZR. Tina Teng, analyst, wireless communications, for iSuppli, notes, “About 40% of Motorola’s second-quarter unit shipments were of its trademark thin form-factor phones, and 32.8% were RAZRs. Motorola’s market-share gains were most notable in China, North America and India.”
Nokia achieved 4.4% sequential growth in mobile-phone shipments, a slightly better performance than the overall market. The Finnish firm gained 1 point of share to 35%. The company shipped 78.4 million units this quarter, compared to 75.1 million in Q1.
Samsung Electronics Co. Ltd. suffered a setback in the second quarter due to disappointing overseas sales. The company’s biggest decline in shipments came from Europe.
Company phone shipments declined to 26.3 million units, down 9.3% from 29 million in the first quarter. Its market share declined by 1 point to 12%. However, Samsung’s mobile-phone Average Selling Prices improved by 1.5% as the company avoided low-end products for emerging regions.
Sony Ericsson posted the largest percentage increase in shipments among the top-five players, with its units rising to 15.8 million, up 18.8% from 13.3 million in Q1. The company has been making gains with its Walkman line of mobile phones, which accounted for 25% of its second quarter unit shipments. The company’s share rose to 7%, surpassing LG Electronics to take fourth place in the market.
LG Electronics slid to fifth place on a 1.9% decline in unit shipments due to competition in the U.S. market with rival Motorola. The company’s most-talked-about mobile phone, Chocolate, is expected to be available in the U.S. market in the fourth quarter to help boost the company’s results.
New Tripoli, PA -- Strong demand for semiconductors is keeping the chemical and material market in high gear, according to a recent report published by The Information Network.
The worldwide market for chemicals and materials for semiconductor manufacturing grew 6.1% in 2005 and is projected to grow another 20% in 2006.
“We continue to see strong demand across all businesses, especially in North America and Asia-Pacific,” said Dr. Robert N. Castellano, president of the market research company. “The market is being driven by strength in demand for CMP pads and slurries, along with increased sales of deep ultraviolet photoresists and related products in all regions.”
According to TIN, the clear winner in the market is the silicon wafer sector, growing 21.9% in revenues in 2006. Higher pricing, increased volume demand across all diameters and 300 mm capacity ramp-up helped promote growth. For 2006, SEH will lead the wafer market with a 33% share.
The worldwide market for chemicals and materials for semiconductor manufacturing grew 6.1% in 2005 and is projected to grow another 20% in 2006.
“We continue to see strong demand across all businesses, especially in North America and Asia-Pacific,” said Dr. Robert N. Castellano, president of the market research company. “The market is being driven by strength in demand for CMP pads and slurries, along with increased sales of deep ultraviolet photoresists and related products in all regions.”
According to TIN, the clear winner in the market is the silicon wafer sector, growing 21.9% in revenues in 2006. Higher pricing, increased volume demand across all diameters and 300 mm capacity ramp-up helped promote growth. For 2006, SEH will lead the wafer market with a 33% share.
Santa Clara, CA -- Taking another stride in its recently launched yearlong turnaround effort, Sun Microsystems has laid off about 950 more U.S. employees, including about 430 in the Bay Area, the company confirmed Monday.
This second round of pink slips papered the computer-server and software maker's Newark campus and other sites across the U.S., with additional cuts in Canada, Europe and Asia. Sun spokeswoman Stephanie Hess said in a press release that a worldwide figure totaling the latest job cuts was not available.
This second round of pink slips papered the computer-server and software maker's Newark campus and other sites across the U.S., with additional cuts in Canada, Europe and Asia. Sun spokeswoman Stephanie Hess said in a press release that a worldwide figure totaling the latest job cuts was not available.
TORONTO – SMTC Corp. reported revenue of $61.1 million and net income of $1.3 million, or $0.09 per share, for the second quarter ended July 2, up from revenue of $57 million and net income of $0.3 million from Q2 2005. The results are also up from the first quarter of 2006, when the company reported revenue of $59.9 million and net income of $1.0 million, or $0.06 per share.
Gross profit for the quarter was $6.8 million, or 11.2% of revenue, compared with $6.1 million, or 10.1%, for the previous quarter and $4.7 million, or 8.3% of revenue for Q2 2005.
John Caldwell, president and chief executive, said in a statement, “Strengthening revenue resulted from increased orders from both long standing and newer customers while improved margins in part reflect favorable customer and product mix.”
“The company again affirms annual guidance provided at the beginning of the year indicating that 2006 is expected to be a year of growth in both revenues and earnings,” stated Caldwell. “We expect continuing revenue growth in the last half of the year and increased net income.”
On July 21, SMTC was notified of the approval of a U.S. income tax refund of $2.7 million plus interest relating primarily to fiscal years 1999 and 2000. It is anticipated that the refund will be received in Q3 2006. Separately, on July 31, redundant land located in Texas was sold for net proceeds of approximately $1 million. Both transactions are expected to be recorded in the third quarter of 2006 and proceeds of approximately $4 million applied to reduce indebtedness.
Gross profit for the quarter was $6.8 million, or 11.2% of revenue, compared with $6.1 million, or 10.1%, for the previous quarter and $4.7 million, or 8.3% of revenue for Q2 2005.
John Caldwell, president and chief executive, said in a statement, “Strengthening revenue resulted from increased orders from both long standing and newer customers while improved margins in part reflect favorable customer and product mix.”
“The company again affirms annual guidance provided at the beginning of the year indicating that 2006 is expected to be a year of growth in both revenues and earnings,” stated Caldwell. “We expect continuing revenue growth in the last half of the year and increased net income.”
On July 21, SMTC was notified of the approval of a U.S. income tax refund of $2.7 million plus interest relating primarily to fiscal years 1999 and 2000. It is anticipated that the refund will be received in Q3 2006. Separately, on July 31, redundant land located in Texas was sold for net proceeds of approximately $1 million. Both transactions are expected to be recorded in the third quarter of 2006 and proceeds of approximately $4 million applied to reduce indebtedness.
TAIPEI -- Recent aggressive moves by EMS providers, including Flextronics and Hon Hai, will step up competition in the digital still camera (DSC) manufacturing industry. Taiwanese contract makers are expected to come under more pressure, market watchers told the Taipei Times.
"Manufacturing digital cameras is a growing industry with higher margins, and EMS players want to have a share," said Ken Yu, an analyst with SinoPac Securities Corp.
"Manufacturing digital cameras is a growing industry with higher margins, and EMS players want to have a share," said Ken Yu, an analyst with SinoPac Securities Corp.
San Jose -- The world’s third largest computer maker, Lenovo Group Ltd., is rolling out a new line of desktop PCs with chips from Advanced Micro Devices, another sign that AMD is making inroads against rival Intel Corp.
Lenovo has long offered PCs with AMD chips in its home market of China, but not until February did Lenovo launch AMD-based PCs elsewhere, with a line of computers for small and medium-sized businesses. Now, AMD chips will be available in Lenovo's new ThinkCenter A60 PCs, which are targeted at big business customers.The systems are expected to be announced later this week.
Lenovo has long offered PCs with AMD chips in its home market of China, but not until February did Lenovo launch AMD-based PCs elsewhere, with a line of computers for small and medium-sized businesses. Now, AMD chips will be available in Lenovo's new ThinkCenter A60 PCs, which are targeted at big business customers.The systems are expected to be announced later this week.
Even while locked in an intense price war with AMD, Intel sells about 80% of the world's microprocessors. But AMD has eaten up about 5 percentage points of Intel's market share in the past year with better performing chips.
Lisle, IL — To help speed the flow of information to Mexico’s fast-growing electronics design community, ROC Exhibitions has added an Electronics Design & Development Conference to Mexitrónica, scheduled in Guadalajara on Oct. 10-12.
The ED&D Conference will cover circuit and system design, embedded systems, advanced components, manufacturing design and other enabling technologies necessary in developing intelligent electronic applications.
The trade show group is also adding a 200-sq. m. design pavilion to the exhibition hall. It will showcase a sampling of creative solutions, from concept to reality, produced by engineers working in companies throughout Mexico.
The number of design engineers and software developers in Mexico—working with OEMs, EMS companies and independent design firms—has grown to nearly 4,000, according to The Jalisco Institute of Technology Information (IJALTI).
Jerry Carter, ROC’s managing director of exhibitions, estimates that 400 of the 5,000 Mexitronica participants will be design engineers.
The ED&D Conference will cover circuit and system design, embedded systems, advanced components, manufacturing design and other enabling technologies necessary in developing intelligent electronic applications.
The trade show group is also adding a 200-sq. m. design pavilion to the exhibition hall. It will showcase a sampling of creative solutions, from concept to reality, produced by engineers working in companies throughout Mexico.
The number of design engineers and software developers in Mexico—working with OEMs, EMS companies and independent design firms—has grown to nearly 4,000, according to The Jalisco Institute of Technology Information (IJALTI).
Jerry Carter, ROC’s managing director of exhibitions, estimates that 400 of the 5,000 Mexitronica participants will be design engineers.
WASHINGTON, DC – A bill introduced late last month by Sen. Dianne Feinstein (D-CA) proposed to suspend duties on certain PCB assembly imports.
S. 3750, proposed on July 26, proposes “to suspend temporarily the
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