Elcoteq Issues 9-Month Report

LUXEMBOURG — Improvement in operating profitability, cash flow clearly positive, net debt significantly reduced and actions to strengthen balance sheet proceeding July – September – Net sales EUR 250.7 million (EUR 331.7 million in July – September 2009) – Operating income excluding restructuring costs EUR 1.3 million (-1.6) – Operating loss EUR -2.5 million (-3.3).…

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Molex Reports Q1

LISLE, Ill. — Molex Incorporated (NASDAQ: MOLX and MOLXA), a global electronic components company, today reported results for its fiscal 2011 first quarter ended September 30, 2010. Three Months Ended Sept. 30, Jun. 30, Sept. 30, USD millions, except per share data 2010 2010 2009 Net revenue…………………………………………………………….. $ 897.7 $ 847.3 $ 674.0 Net income…

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EU Looks to Cut Power Use

LAUSANNE, Switzerland — Today, Ecole Polytechnique Federale de Lausanne and IBM (NYSE: IBM) announced a major research initiative, with several leading academic and corporate research organizations across Europe, to address the alarming growth of energy consumption by electronic devices, ranging from mobile phones to laptops to televisions to supercomputers. The research project, called Steeper, aims…

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AVX Reports Q2

GREENVILLE, S.C. — AVX Corporation (NYSE:AVX) AVX today reported preliminary unaudited results for the second quarter ended September 30, 2010. Highlights: • Revenue for the September 2010 quarter of $430.6 million increased 8.6% from the previous quarter and increased 38.7% from the second quarter of last year. • Gross Profit margin improved for the ninth…

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Novellus Reports Q3

SAN JOSE, Calif. — Novellus Systems, Inc. (Nasdaq: NVLS) today reported operating results for its third quarter ended September 25, 2010. Net sales for the third quarter were $367.2 million, up $45.8 million or 14.3 percent from second quarter net sales of $321.4 million, and up $190.3 million or 107.6 percent from third quarter 2009…

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Broadcom Reports Q3

IRVINE, Calif. — Broadcom Corporation (Nasdaq: BRCM) today reported unaudited financial results for its third quarter ended September 30, 2010. Net revenue for the third quarter of 2010 was a record $1.806 billion. This represents an increase in net revenue of 12.6% compared with the $1.604 billion reported for the second quarter of 2010 and…

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Infineon Wins Excellence Awards

MUNICH and HOUSTON — Supply Chain Council (SCC, www.supply-chain.org), a global not-for-profit management association, announced the winners of the 2010 Awards for Supply Chain Excellence at the Supply Chain World Europe conference in Munich this week. Winners included: “As this year’s winners of the Supply Chain Council Excellence awards have once again demonstrated, superior supply…

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Europe-China Trade Heating Up

As in the United States, European trade is largely heading east to China. According to data released earlier this month by the European Union’s statistical agency, Eurostat, the 27-nation euro-zone reported strong exports to China. The EU’s exports to China increased from €37 billion (about US$52 billion) in the first half of 2009 to €53…

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