3M (NYSE:MMM) today reported fourth-quarter earnings of $1.62 per share, an increase of 14.9 percent versus the fourth quarter of 2012. Sales grew 2.4 percent year-on-year to $7.6 billion. Organic local-currency sales grew 3.4 percent, acquisitions added 0.7 percent to sales and currency impacts reduced sales by 1.7 percent year-on-year. Sales and per-share earnings were…
DetailsMouser Electronics, a leading engineering resource and global distributor of semiconductors and electronic components, today announced it is distributing KEMET’s expanded portfolio which brings together leading-edge products from KEMET’s joint venture partner NEC TOKIN to buyers and design engineers worldwide. Mouser’s expanded product offerings from KEMET include Supercapacitors, High-Current Power Inductors, AC Line Filters, Relays,…
Details
Zappos pays employees $4,000 to quit. Yes, the company shells out $4,000 to employees who say just two words: “I quit.” Here is why it is a great idea. All Zappos employees must participate in a four-week training program when they are hired. When they complete the four weeks, they are given a choice –…
Details
Driver safety and awareness features are becoming standard, marking a change in OEM options for new vehicles. A few short years ago, display systems, steering wheel-mounted controls, and heads-up displays were rare items relegated to only top-of-the-line luxury vehicles. However, with the insurance industry recognizing the value of these technologies in reducing accidents and hence…
Details
“A good engineer is a master in the lab and a master in the library.” Dr. Hermann Eul is vice president and general manager of the Mobile & Communications Group at Intel Corporation. In this role, he heads the development of hardware, software, and connectivity ingredients for phones, tablets, Ultrabook™, and other mobile devices, as…
Details
Connector manufacturer TE Connectivity Ltd. is done reorganizing operations. The savings from recent restructuring measures are rolling in, cost-cutting expenses are down and the head bean counter at the company is giving senior executives the go-ahead to take advantage of sales growth prospects. The most promising of these opportunities right now is in the transportation…
DetailsFalls Church, Va.– Northrop Grumman Corporation (NYSE: NOC) reported fourth quarter 2013 net earnings of $478 million, or $2.12 per diluted share, compared to $533 million, or $2.14 per diluted share, in the fourth quarter of 2012. Fourth quarter 2013 diluted earnings per share are based on 225.2 million weighted average shares outstanding compared with…
DetailsWaltham, Mass.– Raytheon Company (NYSE: RTN) announced fourth quarter 2013 Adjusted EPS1 of $1.58 per diluted share compared to $1.62 per diluted share in the fourth quarter 2012. Fourth quarter 2013 EPS from continuing operations was $1.46 compared to $1.41 in the fourth quarter 2012. The fourth quarter 2012 Adjusted EPS1 excluded a $0.06 net…
DetailsIrvine, Calif. — Broadcom Corporation (NASDAQ: BRCM), a global innovation leader in semiconductor solutions for wired and wireless communications, today reported unaudited financial results for its fourth quarter and year ended December 31, 2013. The Company also announced a nine percent increase to its quarterly dividend. “In 2013 Broadcom delivered record revenue in all three…
DetailsSunnyvale, Calif. — PMC-Sierra, Inc. (PMC) (Nasdaq:PMCS), the semiconductor and software solutions innovator transforming networks that connect, move and store big data, today reported results for the fourth quarter and full year ended December 28, 2013. Net revenues in the fourth quarter of 2013 totaled $126.1 million, a decrease of 2.2 percent compared to $128.9 million in the…
Details