HAVERHILL, MA -- DKN Research and NY Industries have developed an embedded passive technology built on thin multilayer thick film flexible substrates. 

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NEW YORK -- IEC Electronics reported December quarter revenue of $15.8 million, up 41% over a year ago.

Operating income was up 141% to $946,000 and net income rose 27% to $532,000 for the company's first fiscal quarter.

Gross margin improved to 14.1%, up 3.8 points from a year ago. Operating income was 6% of sales versus 3.6% for the same period last year. The company pointed to improved product mix, manufacturing efficiency, and a larger customer base, including a new aerospace customer.

In a statement, chairman and CEO Barry Gilbert, said, “We expect continued revenue growth during the balance of the year, and expect to further intensify our market focus in the medical technology sector in the coming quarters. As we all know, the economy is in a deep recession. While some of our customers are indeed experiencing significant difficulties we have others that continue to expand their commercial activity with us."

The company may apply to re-list its common stock on the Nasdaq Capital Market, he said, which could involve a reverse split of the company's common stock.

REDWOOD SHORES, CA -- Oracle is breaking into the equipment business in a big way, agreeing to buy Sun Microsystems in a $7.4 billion deal. Closing is expected this summer.

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SAN JOSE – The 90-day average of orders of North America-based semiconductor equipment manufacturers was $278.9 million in March, down 76% from last year.

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