Lenovo Reports Financial Numbers

HONG KONG — Lenovo Group today reported results for its first fiscal quarter ended June 30, 2011, and for the seventh consecutive quarter, Lenovo grew faster than any of the top five PC manufacturers, helping the Company to become the world’s third largest PC vendor in total shipments. During the first quarter, Lenovo’s worldwide PC…

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eASIC Names New CFO

SANTA CLARA, Calif. — eASIC Corporation, a provider of NEW ASIC devices, today announced that Brian McDonald has been appointed as Chief Financial Officer (CFO) and Vice President of Finance. As a key member of eASIC’s executive team, McDonald will assume a strategic role in the company that involves spearheading future growth initiatives in addition…

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Technology Advances Simplify LED Supply Chain

LED lighting systems are beholden to high-quality standards, which present a number of challenges to designers. While not always a requirement for every solid state lighting (SSL) solution, many commercial and residential applications require strict color consistency, especially in multi-fixture applications where it is easy to see even minor variations in fixture-to-fixture color. In the…

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Cree Buys Ruud Lighting

DURHAM, N.C. — Cree, Inc. (Nasdaq: CREE), a market leader in LED lighting, today announced the acquisition of Ruud Lighting, Inc., a leader in LED outdoor lighting, at an estimated net cost of approximately $525 million. Combining two highly complementary LED innovators, the acquisition allows Cree to extend its leadership position and increase the adoption…

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Vishay Names New CFO

MALVERN, Pa. — Vishay Intertechnology, Inc. (NYSE: VSH), one of the world's largest manufacturers of discrete semiconductors and passive electronic components, today announced the resignation of Dr. Lior Yahalomi as Executive Vice President and Chief Financial Officer, effective August 31, 2011. Lori Lipcaman, currently Vishay’s Executive Vice President Finance and Chief Accounting Officer, will assume…

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Digi-Key Stocks Altera FPGAs

THIEF RIVER FALLS, Minn. — Electronic components distributor Digi-Key Corporation, recognized by design engineers as having the industry's broadest selection of electronic components available for immediate shipment, announced the addition of Altera’s Stratix IV FPGA family to its vast programmable logic portfolio. The Altera Stratix IV FPGA family delivers high density, high performance, and low…

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