TE Connectivity Ltd. (NYSE: TEL), a world leader in connectivity, announced today it has reached a definitive agreement to sell its Broadband Network Solutions (BNS) business unit to CommScope (NASDAQ: COMM) for $3.0 billion. The BNS business, which consists of TE’s Telecommunications, Enterprise Networks and Wireless businesses, had revenue of $1.9 billion in fiscal year…
DetailsKyocera Corporation (NYSE:KYO)(TOKYO:6971) today announced its third-quarter financial results for the fiscal year ending March 31, 2015. The results are summarized below, both as an aggregation of Kyocera’s first three fiscal quarters (“the period,” i.e., the nine months ended Dec. 31, 2014), and as the third quarter alone (“the quarter,” i.e., the three months ended…
DetailsScottsdale, Ariz. – NKK Switches, the world’s leading designer and manufacturer of innovative electromechanical switching devices, today announced the appointment of Laurence Sweeney as the company’s Senior Sales Executive. As head of sales, Sweeney is responsible for NKK Switches’ sales organization, customer support and channel partnerships. He will also focus on developing and strengthening key customer…
DetailsTE Connectivity Posts Strong Fiscal 2015 First Quarter Earnings Sales Up 4 Percent; GAAP EPS Up 34 Percent; Adjusted EPS Up 20 Percent Schaffhausen, Switzerland — TE Connectivity Ltd. (NYSE: TEL) today reported results for the fiscal first quarter ended December 26, 2014. First Quarter Highlights Net sales increased to $3.47 billion, up 4 percent versus the prior…
DetailsSan Diego, Calif. — RF INDUSTRIES, LTD. (NASDAQ:RFIL) announced today that its Board of Directors has promoted Johnny Carl Walker, President of RF Industries, to the additional position of Chief Executive Officer. The Company’s former CEO, Howard Hill, was appointed Chief Operating Officer. Mr. Hill said, “This change culminates the Company’s plan for my successor. Since joining the Company…
DetailsA new report from Juniper Research has found that over 400 million phablets will ship in 2019, a five-fold increase over the 138 million devices estimated to be shipped in 2015. While the iPhone 6 Plus has brought the category further into the limelight, it is budget devices that will drive phablets (smartphones with 5.5-6.9”…
DetailsArrow Electronics, Inc. (NYSE:ARW), through its wholly-owned subsidiary inMunich, Germany (“Arrow CEHM”), is initiating an all-cash tender offer to acquire the shares of DATA MODUL Aktiengesellschaft Produktion und Vertrieb von elektronischen Systemen (“Data Modul AG”) (FSE:DAM) for a purchase price of €27.50 per share ($31.00 per share based on current exchange rates). The purchase price…
DetailsRambus Inc. (NASDAQ:RMBS), the innovative technology solutions company that brings invention to market, today reported financial results for the fourth quarter and year ended December 31, 2014. GAAP Financial Results: Revenue for the fourth quarter of 2014 was $72.0 million, up 3% on a sequential basis from the third quarter of 2014 primarily due to…
Details3M (NYSE:MMM) today reported fourth-quarter earnings of$1.81 per share, an increase of 11.7 percent versus the fourth quarter of 2013. Sales grew 2.0 percent year-on-year to$7.7 billion. Organic local-currency sales grew 6.3 percent with acquisitions adding 0.1 percent to sales. Foreign currency translation reduced sales by 4.4 percent year-on-year. Operating income was $1.7 billion and…
DetailsLattice Semiconductor Corporation (NASDAQ: LSCC), a leading provider of programmable connectivity solutions, and Silicon Image, Inc. (NASDAQ: SIMG), a leading provider of wired and wireless connectivity solutions, today announced that they have signed a definitive agreement, pursuant to which Lattice will acquire Silicon Image in an all-cash tender offer of $7.30 per share, representing an…
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