Level 3 Communications, Inc. (NYSE: LVLT) and tw telecom (NASDAQ: TWTC) today announced that they have entered into a definitive agreement, intended to qualify as a tax-free reorganization, whereby Level 3 will acquire tw telecom in a stock-and-cash transaction valued at $40.86 per share based on market close as of June 13, 2014. Under the…
DetailsAltera Corporation (NASDAQ: ALTR) and Lime Microsystems, a leading provider of field programmable RF (radio frequency) transceivers headquartered in the UK, have entered into a Strategic Cooperation Agreement focused on jointly developing and promoting programmable solutions for a diverse range of broadband wireless markets. The agreement will result in the development of optimized field programmable…
DetailsOVEN Industries (OI) increases product assembly efficiencies in Electronic Contract Manufacturing by adding Automatic Optical Inspection (AOI) and PC Board cleaning equipment. This initiative compliments their ongoing focus on continuous improvement, quality workmanship and repeatability. As an ISO Aerospace Certified Electronic Contract Manufacturing Company, OVEN Industries has specialized in Analog and Digital Temperature Controllers and…
DetailsThe U.S. government’s offensive against counterfeit electronics components has made progress in recent weeks. The U.S. Department of Justice recently announced a second successful prosecution of a dealer of counterfeit electronics parts. (See: Anatomy of a Counterfeit Electronics Operation). Another segment of the government has commended the use of unique identifiers in its ongoing battle…
DetailsMalvern, Pa. – Vishay Intertechnology, Inc. has purchased Holy Stone Polytech Co., Ltd., a manufacturer of tantalum capacitors, from Holy Stone Enterprise Co. Ltd. for $21 million. The acquisition gives Vishay entry into the polymer tantalum capacitor market. While Vishay has a polymer tantalum technology in development, the acquisition is said to augment its research…
DetailsThe term “spare parts” may conjure up visions of junkyards, but in the high-tech industry they represent an opportunity worth billions of dollars for companies willing to manage after-market logistics. The storage and maintenance of spare parts is often a drain on company resources. Holding and maintaining inventory costs money that could be better invested…
DetailsAvnet Electronics Marketing Americas, a business region of Avnet, Inc. (NYSE: AVT), today announced that it has been named 2013 Full Service Distributor of the Year by Vishay Intertechnology, Inc. Avnet Electronics Marketing Americas was chosen to receive the award based on leading execution in nine key performance metrics used by Vishay to identify their…
DetailsSager Electronics, a leading North American distributor of Interconnect, Electromechanical and Power components, today announced that it has entered into a purchase agreement to acquire PowerGate LLC, a premier North American power specialist distributor headquartered in Santa Clara, California. Frank Flynn, President of Sager Electronics, stated, “PowerGate is a recognized power specialist with concentration in…
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Mark Larson’s annual presentation at the Electronics Distribution Show in Las Vegas has always been a standing-room only event because the Digi-Key Corp. top executive is reputed for always delivering critical and blunt but highly valuable assessments of current industry conditions. This year was no different. Larson highlighted the dramatic changes that have taken place…
DetailsAlpharetta, Ga. – About 60 percent of companies across more than two dozen manufacturing and service sectors report they currently use some form of electronic data interchange (EDI) service or technology, according to a study sponsored by NewEDI. The study also reveals that more EDI investments are planned as the price for the average implementation drops…
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