Contrarianism of the Ostracized Engineer

One of the mysteries that haunts my wife — Junko Yoshida, editor of EE Times — is why engineers, as a rule, tend to be so politically conservative. As an amateur political scientist and lifelong know-it-all, I tell her that this tendency is partly explained by ethnicity, income, and gender. America's conservative party, the Republicans,…

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IDT Acquires Fox Electronics

SAN JOSE, Calif. — Integrated Device Technology, Inc. (IDT®) (NASDAQ: IDTI), the Analog and Digital Company™ delivering essential mixed-signal semiconductor solutions, today announced that it has acquired Fox Electronics, a leading global supplier of frequency control products (FCPs), in an all-cash transaction for approximately $30 million, of which $26 million was paid at closing. Fox…

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US Buyers Optimistic for 2012

The general outlook by US purchasing professionals has turned the tide, according to a recent survey, and optimism should prevail for the remainder of 2012. Prime Advantage, a buying consortium for small and midsized manufacturers based in the US, said 88 percent of members plan to make the same or higher capital investments in 2012…

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Foxconn Outfoxed

The rising tide at {complink 379|Apple Inc.} isn't lifting all boats. {complink 2125|Foxconn Electronics Inc.} should be getting a financial boost from being a contractor to the world's biggest consumer electronics company by market value, but that has not been the company's experience in the last several quarters. Foxconn, which is also known as Hon…

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Bel Fuse Reports Q1 Results

JERSEY CITY, N.J. — Bel Fuse Inc. (NASDAQ:BELFA) (NASDAQ:BELFB) today announced preliminary unaudited financial results for the first quarter of 2012. First quarter highlights Sales for the first quarter of 2012 decreased 8.2% to $65.6 million compared to $71.4 million for the first quarter of 2011. GAAP net earnings for the first quarter of 2012…

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ECIA Initiates Southern California Chapter

ATLANTA — Electronic Components Industry Association (ECIA) members and prospective members met recently in Signal Hill, CA to discuss benefits of the association. ECIA is a national trade association for manufacturers of electronic components and their authorized distributors and designated representatives. Jim Harper of Harper and Two hosted the Southern California event and will serve…

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UPS Q1 Earnings Per Share Grow 10%

ATLANTA — UPS (NYSE: UPS) today announced first quarter 2012 diluted earnings per share of $1.00, a 10% improvement over the prior-year period. Consolidated revenue increased 4.4% to $13.1 billion. Operating profit for the U.S. Domestic and Supply Chain and Freight segments increased 13% and 19%, respectively. Read the full press release. UPS

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