ST. LOUIS — Belden Inc. (NYSE: BDC), a global leader in signal transmission solutions for mission critical applications, announced today that it has completed the sale of Trapeze Networks to Juniper Networks, Inc. for a purchase price of approximately $152.1 million. Ten percent of the purchase price was deposited into an escrow account according to…
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MEMPHIS, TN — FedEx Corp. (NYSE: FDX) today reported earnings of $0.89 per diluted share for the second quarter ended November 30. Excluding certain charges described below, second quarter earnings were $1.16 per diluted share, compared to $1.10 per diluted share a year ago. “Solid demand for our transportation solutions, outstanding customer service from FedEx…
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ELKHART, IN — CTS Corporation (NYSE: CTS) today announced it has reached a definitive agreement to acquire certain assets and liabilities of Fordahl SA, a privately held company located in Brügg, Switzerland. Revenues are initially estimated at $5 million in 2011 and are expected to grow double-digit over the next several years. The Fordahl product…
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TAIPEI, TAIWAN – Acer announces that Rudi Schmidleithner, Corp. VP & President of Acer Pan America Operations, has elected to resign from the company for personal reasons. Emmanuel Fromont, current VP of the EMEA Packard Bell Division, will be appointed as the new Corp. VP & President of Pan America Operations. The change will formally…
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SAN JOSE, Calif. — North America-based manufacturers of semiconductor equipment posted $1.51 billion in orders in November 2010 (three-month average basis) and a book-to-bill ratio of 0.96, according to the November 2010 Book-to-Bill Report published today by SEMI. A book-to-bill of 0.96 means that $96 worth of orders were received for every $100 of product…
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MANSFIELD, Texas — Mouser Electronics, Inc., a leading international distributor of semiconductors and electronic components, today announced their worldwide distribution partnership with Olimex, Ltd. As a top global supplier, Olimex is renowned for its extensive range of development and evaluation tools utilized for the rapid prototyping of ARM, AVR, MSP430, MAXQ, PIC and Gecko microcontrollers.…
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Automotive is an important market for semiconductor vendors. In turn, the chip industry has enabled car manufacturers to make major improvements in safety and performance — and move toward more environmentally friendly vehicles. Even though the number of vehicles manufactured grows by low single digits, the amount of electronics per vehicle keeps increasing. In 2008…
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PITTSBURGH — WESCO International, Inc. (NYSE: WCC), a leading provider of electrical and industrial MRO products, construction materials, and advanced integrated supply procurement outsourcing services, today announced that WESCO Distribution, Inc. has completed its previously announced acquisition of TVC Communications, L.L.C. (TVC) for a purchase price of $246.5 million, subject to certain adjustments. TVC is…
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The global chip market will achieve the largest dollar increase in its history in 2010, courtesy of a boom in DRAM and NAND sales
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When a US Government Accountability Office (GAO) investigation of the EPA’s Energy Star certification program last spring found that a room air cleaner with a feather duster and fly strips taped onto it qualified, you just knew there was going to be trouble. And trouble there is. The March GAO report highlighted how vulnerable Energy…
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