News
BEIJING -- China imported more than $19 billion worth of technology last year, up 37.5% over the previous year and setting a new record.
More than 43%, or $8.27 billion, of the total import value of technology came from foreign enterprises operating in China. That’s up 23.6% from 2004.
Trenton, NJ – Tyco International Ltd. has confirmed its plan to split into three public companies. Electronics and healthcare units will be spun off from the remaining operations (which include security and fire-protection services) during the first quarter of 2007. Tyco expects about $1 billion in costs for tax liabilities and the refinancing of debt.
“We believe separation is a logical next step in Tyco's solution,” said Ed Breen, chairman and chief executive, during a conference call with analysts and investors. “The biggest issue to me actually was growth. That's really the thing we looked at.”
ANGLETON, TX -- Benchmark Electronics, a leading EMS firm, said today that it expects to meet or exceed fourth quarter 2005 analysts' consensus of $604 million revenues and earnings per share of $0.52.
MELVILLE, NY -- Nu Horizons Electronics, a distributor of electronics components, reported net sales rose to
$147.5 million from $116.2 million for the quarter ended Nov. 30, 2005. Net income was $1.5 million vs. $585,000 last year.
Sequentially, net sales rose 15% to $19.3 million, and net income almost doubled to $1.5 million.
Year-to-date, net sales were up12.3% to $397.2 million, from $353.6 million last year. Net income was down $100,000, to $2.8 million.
Sequentially, net sales rose 15% to $19.3 million, and net income almost doubled to $1.5 million.
Year-to-date, net sales were up12.3% to $397.2 million, from $353.6 million last year. Net income was down $100,000, to $2.8 million.
In a press statement, chairman and chief executive Arthur Nadata said, "The third quarter was a very exciting and busy period for us.
New additions to our line card, combined with the expansion of certain
partnerships, enabled our sales force to penetrate into new markets
and provide enhanced system solutions for customers."
Nu Horizons added 100 sales and engineering
staff during the quarter, he said.
VANCOUVER -- EMS firm Nam Tai Electronics Inc. today promoted Patinda Lei to chief executive and chief financial officer. Lei, 39, was chairman of Zastron Precision-Tech, a wholly owned subsidiary of Nam Tai.
Former CEO and CFO Joseph Li has been named vice chairman of J.I.C. Technology Co. Ltd., another subsidiary.
Former CEO and CFO Joseph Li has been named vice chairman of J.I.C. Technology Co. Ltd., another subsidiary.
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