Honeywell Awards Peerless

Peerless Electronics Inc. is pleased to announce they have won two extremely prestigious awards from Honeywell Sensing and Control for the year 2013. The awards were given to Peerless at Honeywell’s National Sales Meeting in January, 2014. 1) The 2013 Authorized Distributor NBO Award was given to Peerless in recognition for creating and winning the…

Honeywell Wants to be Your Value-Added Provider

In a move to grow sales and give customers a competitive edge, Honeywell Sensing and Control is taking a big step into the world of value-added assembly services for medical and industrial markets. Since Honeywell already possesses the sensor expertise along with proven sensing technologies for these markets, it made sense that the global components…

Mixed Q1 For Microsemi

Microsemi Corporation (Nasdaq: MSCC), a leading provider of semiconductor solutions differentiated by power, security, reliability and performance, today reported unaudited results for its first quarter of fiscal 2014 ended Dec. 29, 2013. Net sales for Microsemi’s first quarter of fiscal 2014 were $255.6 million. GAAP gross margin was 54.1 percent and GAAP operating margin was…

Maxim Revenue Up; Income Slides

Maxim Integrated Products, Inc. (NASDAQ:MXIM) http://www.maximintegrated.com  reported net revenue of $620 million for its second quarter of fiscal 2014 ended December 28, 2013, a 6% increase from the $585 million revenue recorded in the prior quarter. Reported revenue included $35 million from Volterra. Excluding Volterra, revenue was flat compared to the prior quarter. Tunc Doluca,…

Qualcomm Acquires Palm, IPAQ and Bitfone Patents from HP

Qualcomm Incorporated (NASDAQ: QCOM) http://www.qualcomm.com and HP today announced that Qualcomm Incorporated has acquired a patent portfolio from Hewlett-Packard Company, Hewlett-Packard Development Co LP and Palm Inc. The portfolio, comprising approximately 1,400 granted patents and pending patent applications from the US and approximately 1,000 granted patents and pending patent applications from other countries, covers technologies…

Cypress Q4 Net Loss Widens

Cypress Semiconductor Corp. (CY) today announced its fourth-quarter 2013 and fiscal year 2013 results, which included the remarks below from its president and CEO, T.J. Rodgers. Highlights for the quarter included: Earnings came in at high end of guidance Book-to-bill increased to 1.08, its highest level in almost two years Non-GAAP operating expenses at a…