Avnet Taps Buseman for Key Exec Role

Avnet Inc. has named Michael Buseman chief global logistics and operations officer, appointing the EMS industry veteran to the position recently vacated by Gerry Fay who now heads the company’s global electronics components distribution business. Buseman, who joins Avnet from electronics manufacturing services (EMS) provider Plexus Inc., where he headed the $2 billion revenue company’s…

Monolithic Power Posts Strong Q3

Monolithic Power Systems (MPS) (Nasdaq: MPWR), a leading fabless manufacturer of high-performance analog and mixed-signal semiconductors, today announced financial results for the quarter ended September 30, 2013. The results for the quarter ended September 30, 2013 are as follows: Net revenue was $65.3 million, a 13.2% increase from $57.7 million in the second quarter of…

Synaptics Posts Record Sales

Synaptics (NASDAQ: SYNA), a leading developer of human interface solutions, today reported financial results for its first quarter ended September 30, 2013. Net revenue of $222.6 million for the first quarter of fiscal 2014 was a record for a September quarter and increased 75% compared with $127.0 million for the comparable quarter last year. Net…

Maxim Quarterly Sales Dip

Maxim Integrated Products, Inc.  reported net revenue of $585 million for its first quarter of fiscal 2014 ended September 28, 2013, a 4% decrease from the $608 million revenue recorded in the prior quarter. Fiscal first quarter results exclude Volterra Semiconductor. Tunc Doluca, President and Chief Executive Officer, commented, “We are pleased that our first…

Analog Devices Wins ‘Most Innovative’ Firm Recognition

Analog Devices, Inc. (ADI), a global leader in high-performance signal processing technology, today announced the company has been named as one of the world’s most innovative companies according to the Thomson Reuters 2013 Top 100 Global InnovatorSM program. Using proprietary data and analysis tools, the Thomson Reuters award program identifies corporations and organizations that are…

Linx Modules Available at Future

Future Electronics, a global leading distributor of electronic components, announces immediate availability of NT Series Transceiver Modules from Linx Technologies, making wireless simple. The NT Series offers low cost, low power RF transceivers featuring long range, 8 parallel selectable channels, transparent data transfer, data rates up to 300kbps, power saving options, RSSI and READY output…

Element14 Widens Scope of Philips LEDs

Element14, a high-service distributor of electronic components, has introduced a wide range of LUXEON Rebel LEDs from Philips Lumileds, the world’s leading provider of power LEDs for illumination solutions. The range is available in new combinations of correlated colour temperature (CCT) and colour rendering (CRI) for white LEDs together with a broadening of the colour…

Benchmark Sales Dip in Q3

Benchmark Electronics, Inc. (NYSE: BHE), a leading integrated contract manufacturing provider, today announced financial results for the third quarter which ended September 30, 2013. “We are pleased with the results for the quarter with revenues and earnings in line with our expectations,” said President and CEO Gayla J. Delly. “In the third quarter, we experienced…

Avnet Posts ‘Solid’ Results

Avnet, Inc. (NYSE:AVT) today announced results for the first quarter fiscal year 2014 ended September 28, 2013. Sales for the quarter ended September 28, 2013 increased 8.1% year over year to $6.3 billion; organic revenue (as defined later in the document) grew 3.7% year over year and 3.5% in constant currency Adjusted operating income of $199.5…