News
TAIPEI – Delta Electronics reported consolidated sales revenues for February of $299.4 million, up 24% year-over-year, and down 26% sequentially.
The company's cumulative consolidated sales revenues from January to February were $702 million, up 28% compared to the same period last year.
Delta Electronics’ power system business – recently consolidated into one group – constituted 56% of February sales, components represented 19%, video displays 3%, and industrial automation 6%. Other, including EMS services, was 16%.
The company's cumulative consolidated sales revenues from January to February were $702 million, up 28% compared to the same period last year.
Delta Electronics’ power system business – recently consolidated into one group – constituted 56% of February sales, components represented 19%, video displays 3%, and industrial automation 6%. Other, including EMS services, was 16%.
BISIE, CONGO – Congolese rebel soldiers are running national tin mines and causing havoc with consumer electronics firms intent on following best practices for corporate humanitarianism.
TORONTO – EMS provider SMTC Corp. reported fourth quarter revenue of $66.8 million, up 24% sequentially, and down 12.2% year-over-year.
For the quarter, net earnings were $1 million, up from a net loss of $1.2 million in the third quarter, but down 52.4% year-over-year.
Gross profit was $6.4 million, or 9.5% of revenue, compared with $3.4 million (6.3% of revenue) and $7.7 million (10.1%) year-over-year.
“Fourth quarter results reflect our customers' resumption of traditional order levels that were unusually low in the previous quarter. As expected, our results did not attain the record level in 2006; however, our overall financial performance was in line with our expectations,” stated John Caldwell, president and CEO. “Notably, we have engaged with several new customers that are now ramping to solid revenue levels. We also progressed two important strategic initiatives to bring additional capability to our customers by expanding our footprint in Mexico and China.”
Revenue for 2007 was $256.4 million and net income was $2.7 million, down 2.4% and 74.3% respectively year-over-year. Caldwell blamed very soft orders in the third quarter for the drop. Cash flow from operations was $25 million.
"Our goals for 2008 are to achieve substantially higher earnings on a growing revenue base, as well as continuing to generate cash from operations to further reduce debt,” Caldwell said. “We expect results in the second half to be stronger with new customers, ramping to higher volumes and seasonality of certain of our longstanding customers.”
For the quarter, net earnings were $1 million, up from a net loss of $1.2 million in the third quarter, but down 52.4% year-over-year.
Gross profit was $6.4 million, or 9.5% of revenue, compared with $3.4 million (6.3% of revenue) and $7.7 million (10.1%) year-over-year.
“Fourth quarter results reflect our customers' resumption of traditional order levels that were unusually low in the previous quarter. As expected, our results did not attain the record level in 2006; however, our overall financial performance was in line with our expectations,” stated John Caldwell, president and CEO. “Notably, we have engaged with several new customers that are now ramping to solid revenue levels. We also progressed two important strategic initiatives to bring additional capability to our customers by expanding our footprint in Mexico and China.”
Revenue for 2007 was $256.4 million and net income was $2.7 million, down 2.4% and 74.3% respectively year-over-year. Caldwell blamed very soft orders in the third quarter for the drop. Cash flow from operations was $25 million.
"Our goals for 2008 are to achieve substantially higher earnings on a growing revenue base, as well as continuing to generate cash from operations to further reduce debt,” Caldwell said. “We expect results in the second half to be stronger with new customers, ramping to higher volumes and seasonality of certain of our longstanding customers.”
PARIS – Gas supplier Air Liquide will open three electronics materials centers this year in Japan, Taiwan and China.
The company, which supplies nitrogen and other gases, employs 3,000 workers and had sales of €944 million in 2007.
SEOUL – A former senior engineer with South Korea's LG Electronics has been arrested for pilfering flat-screen TV technology and leaking it to China, say published reports.
LG pegged the losses from the leak at some $1.4 billion, according to the reports.
The former employee has been charged with stealing computer files on the design of LG’s PDP plant after leaving the company in 2005. Two other LG employees have also been indicted, according to reports.
Since February, the former employee has advised Changhong-Orion PDP-Chaihong of China on constructing a PDP plant in Szechuan province. The Chinese company is expected to come online in December.
LG Electronics, Samsung SDI and Matsushita of Japan are the only companies that had this technology, the spokesperson said. The technology involves creating eight PDP units from one.
LG pegged the losses from the leak at some $1.4 billion, according to the reports.
The former employee has been charged with stealing computer files on the design of LG’s PDP plant after leaving the company in 2005. Two other LG employees have also been indicted, according to reports.
Since February, the former employee has advised Changhong-Orion PDP-Chaihong of China on constructing a PDP plant in Szechuan province. The Chinese company is expected to come online in December.
LG Electronics, Samsung SDI and Matsushita of Japan are the only companies that had this technology, the spokesperson said. The technology involves creating eight PDP units from one.
SAN JOSE – Tessera Technologies claims recent questions over a handful of the chip-packaging firm’s patents mischaracterized the process and the patents’ validity.
“Nothing issued by the U.S. Patent and Trademark Office in these reexaminations has overturned our patents. We believe the market may have misunderstood the PTO’s terminology, and we are taking this opportunity to clarify the process,” said Scot Griffin, senior vice president and general counsel, in a statement. “Claims of a patent cannot be invalidated in reexamination until the process is fully complete, including all appeals.”
The PTO recently issued office actions regarding claims in five Tessera patents, and the company anticipates action on a sixth shortly. However, asserts Tessera, the PTO reexamination process does not suggest a final determination against the company. Moreover, after a determination, Tessera could appeal and the patents would remain in force throughout all appeals.
Tessera is familiar with prior art to the patents under reexamination because of previous lawsuits; the company says those lawsuits were resolved in its favor.
On March 4, Tessera petitioned the U.S. International Trade Commission to review the recent decision to stay its wireless ITC action. ITC staff also filed its own petition arguing against the stay. The commission is expected to decide within the next 25 days whether it will review the stay decision.
“Nothing issued by the U.S. Patent and Trademark Office in these reexaminations has overturned our patents. We believe the market may have misunderstood the PTO’s terminology, and we are taking this opportunity to clarify the process,” said Scot Griffin, senior vice president and general counsel, in a statement. “Claims of a patent cannot be invalidated in reexamination until the process is fully complete, including all appeals.”
The PTO recently issued office actions regarding claims in five Tessera patents, and the company anticipates action on a sixth shortly. However, asserts Tessera, the PTO reexamination process does not suggest a final determination against the company. Moreover, after a determination, Tessera could appeal and the patents would remain in force throughout all appeals.
Tessera is familiar with prior art to the patents under reexamination because of previous lawsuits; the company says those lawsuits were resolved in its favor.
On March 4, Tessera petitioned the U.S. International Trade Commission to review the recent decision to stay its wireless ITC action. ITC staff also filed its own petition arguing against the stay. The commission is expected to decide within the next 25 days whether it will review the stay decision.
On March 5, Amkor filed a motion with the arbitration panel to stay the scheduled March 31 hearing with Tessera, in view of the recent PTO reexamination actions. Tessera opposes this motion.
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