Cisco Posts Quarterly, Annual Results

SAN JOSE, Calif. — Cisco (NASDAQ: CSCO), the worldwide leader in networking that transforms how people connect, communicate and collaborate, today reported its fourth quarter and fiscal year results for the period ended July 30, 2011. Cisco reported fourth quarter net sales of $11.2 billion, net income on a generally accepted accounting principles (GAAP) basis…

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Intel Capital Starts Ultrabook Fund

SANTA CLARA, Calif., and TAIPEI — Intel Capital today announced a $300 million Ultrabook™ Fund to help drive innovation in this new category of devices. As announced at Computex earlier this year, Ultrabook systems will marry the performance and capabilities of today’s laptops with tablet-like features. Ultrabook devices will deliver a highly responsive and secure…

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SMIC Reports Q2 Results

SHANGHAI, China — Semiconductor Manufacturing International Corporation (NYSE: SMI; SEHK: 981) (“SMIC” or the “Company”), one of the leading semiconductor foundries in the world, today announced its consolidated results of operations for the three months ended June 30, 2011. Read the full press release. {complink 12815|Semiconductor Manufacturing International Corp. (SMIC)}

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J.H. Whitney Buys Autosplice

SAN DIEGO — Autosplice today announced that J.H. Whitney Capital Partners, LLC, a private equity firm based in New Canaan, CT, has joined with the existing management team to acquire the company. The Autosplice name will continue, and all day-to-day operations of Autosplice will remain in their current locations and the Autosplice management team will…

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ASIX Buys MosChip Assets

HSINCHU SCIENCE PARK, Taiwan — ASIX Electronics Corp. recently announced it has acquired the business line of I/O connectivity, including all assets and intellectual property rights, from India-based MosChip Semiconductor Technology Ltd. The acquisition enhances ASIX’s portfolio of embedded networking and connectivity products by adding single, multi-port Serial, Parallel, Ethernet, VGA, and IrDA connectivity for…

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Can the Channel Maintain Record Results?

Although the current economic environment is filled with turmoil and uncertainty, many electronics companies continue to report strong results for the most recent earnings period. {complink 577|Avnet Inc.} closed its fiscal Q4 and 2011 year-end on July 2 with record sales of $26.5 billion — an increase of 38.5 percent over the prior fiscal year.…

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Digi-Key, Everlight Have Distribution Deal

THIEF RIVER FALLS, Minn., and TUCHENG, Taiwan — Electronic components distributor Digi-Key Corporation, recognized by design engineers as having the industry's broadest selection of electronic components available for immediate shipment, and Everlight Electronics Co. Ltd., have inked a global distribution agreement. Everlight Electronics manufactures through-hole and surface mounted LEDs, optical sensors and infrared components, and…

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C&K Components Buys Comax

NEWTON, Mass. — C&K Components, a leading international supplier of pushbutton switches, tact switches, toggle and rocker switches, and smart card interconnect devices, has expanded its switch product offering with the acquisition of Comax Industrial Co. Ltd. An innovative designer and manufacturer of switch products and assemblies, Comax Industrial Co. manufactures more than 250 million…

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Pulse Electronics Posts Q2 Figures

SAN DIEGO — Pulse Electronics Corporation (NYSE:PULS), a leading provider of electronic components, today reported results for its second quarter ended July 1, 2011. Net sales were $94.8 million compared with $116.5 million in the prior-year quarter, and up 7.7 percent from $88.0 million in the first quarter. Read the full press release. {complink 12973|Pulse…

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Actions Semiconductor Names New CFO

ZHUHAI, China — Actions Semiconductor Co., Ltd. (Nasdaq: ACTS), one of China's leading fabless semiconductor companies that provides comprehensive mixed-signal system-on-a-chip (SoC) and multimedia digital signal processing (DSP) solutions for portable consumer electronics, today announced that Mr. Nigel Liu has been promoted to Chief Financial Officer, effective September 1, 2011. Mr. Liu will replace Ms.…

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