RIM, EMS Partner ‘Winding Down’ Relationship

The EMS provider {complink 987|Celestica Inc.} has announced it is winding down its manufacturing relationship with {complink 4644|Research In Motion Ltd. (RIM)}, the struggling maker of the BlackBerry. Celestica said that the restructuring charges will not exceed $35 million, and that disengaging with RIM will take three to six months. Celestica gave no indication which…

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FedEx Latest to Cut Costs

Today FedEx joined a growing list of companies that have announced plans to cut costs in response to lower-than-expected earnings. (See: The Stupid Futility of Cost Cutting and Triple Whammy in the PC Arena.) Though revenue for FedEx's fiscal fourth quarter, which ended in May, rose to $11 billion from $10.6 billion a year earlier,…

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Avnet Introduces Touch Kit

SAN ANTONIO — Avnet Electronics Marketing Americas, a business region of Avnet, Inc. (NYSE: AVT), introduced today the i.MX53 Quick Start Break-Out with 7-inch LCD and PCAP (Projected Capacitive) Touch Kit. This kit builds upon the Freescale i.MX53 Quick Start board, a low-cost, open source development platform that integrates an ARM® Cortex™-A8 2GHz processor with…

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Ramtron to Cypress: ‘No, but Let’s Talk’

The board of directors of {complink 12930|Ramtron International Corp.} has rejected the latest purchase offer from {complink 1474|Cypress Semiconductor Corp.}, but the two companies may be able to engage in a more civil discussion that could satisfy both parties, according to the details of a statement issued by the acquisition target. Ramtron, a Colorado Springs,…

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Procurement & the New Normal

Price instability, market volatility, and globalization are a few of the issues procurement professionals will face for the rest of 2012 and beyond, according to a recent study. And they'll be doing it with a marginal increase in resources. The dramatic volatility spike in supply and demand that occurred with the 2008-2009 recession will persist…

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Intel to Buy 1,700 InterDigital Patents for $375M

The tussle for domination in the wireless communications market intensifies today with an announcement from {complink 2657|Intel Corp.} that it has agreed to purchase about 1,700 “patents and patent applications” related to key technologies in the segment from intellectual property developer {complink 2677|InterDigital Communications Corp.}. Intel, the world's No. 1 semiconductor vendor by sales, said…

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