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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AU Optronics Reports Q1 Results

HSINCHU, Taiwan — AU Optronics Corp. (“AUO” or the “Company”) (TAIEX: 2409; NYSE: AUO) today held its investors conference and announced its unaudited results for the first quarter of 2012(1). AUO posted consolidated revenue of NT$81,102 million (US$2,749 million)(2), down 9.4% from the previous quarter. Gross profit was -NT$6,449 million (-US$219 million), with the gross…

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Xilinx Announces Fiscal 2012 Results

SAN JOSE, Calif. — Xilinx, Inc. (Nasdaq: XLNX) today announced fourth quarter fiscal 2012 sales of $559.0 million, up 9% sequentially and down 5% from the fourth quarter of the prior fiscal year. Fourth quarter fiscal 2012 net income was $134.1 million, or $0.49 per diluted share. Read the full press release. {complink 6248|Xilinx Inc.}

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Inventory & Pricing: No Big Surprises

From the channel perspective, it appears that the inventory correction that has dogged the electronics industry for the past few quarters is over. Component leadtimes have expanded “modestly,” {complink 577|Avnet Inc.} executives told analysts during today's earnings conference call. Longer leadtimes means there is less component inventory immediately on hand. Regional book-to-bill ratios, which indicate…

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