Belden Completes Sale of Trapeze Networks

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…

Methode Reports Q2 FY 2011 Results

CHICAGO — Methode Electronics, Inc. (NYSE: MEI), a global developer of custom engineered and application specific products and solutions, today announced financial results for the Fiscal 2011 second quarter ended October 30, 2010. Methode's second-quarter Fiscal 2011 net sales increased $8.1 million, or 8.2 percent, to $106.6 million from $98.5 million in the second quarter…

Amphenol Chair Retires

WALLINGFORD, Conn. — Amphenol Corporation today announced that Martin H. Loeffler will retire as Executive Chairman of the Company effective January 1, 2011. He will continue to serve as non-executive Chairman of the Company’s Board of Directors, a position that he has held since 1997. Mr. Loeffler joined the Company in 1974 and served as…

Molex Presents Award to TTI

LISLE, Ill. — Molex Incorporated today announced the inaugural recipient of its 2010 Global Distributor of the Year award. TTI Incorporated, a leading authorized distributor offering passive, connector, electrochemical and discrete components, accepted the award on November 15, 2010 at the company's corporate headquarters in Fort Worth, Texas. The Molex award recognizes valued partners demonstrating…

Mouser Delivers Tiny Amphenol BNC

MANSFIELD, Texas — Mouser Electronics, Inc., known for its rapid introduction of the newest electronic components and technologies, today announced it is stocking new Amphenol RF HD (High Density) BNC Connectors and Adapters. Amphenol RF is a world leader in the design, manufacture, and supply of RF connector systems. The Amphenol RF HD-BNC Connectors and…

Heilind to Supply Molex Product

WILMINGTON, Mass. — Heilind Electronics, North America's largest interconnect distributor, has partnered with Molex Incorporated, a world leader in interconnect technology, to provide a complete menu of the industry's smallest interconnect solutions for digital product applications: Micro-Fit 3.0™, Micro-USB, and MicroSD memory card connectors. Micro-USB sets the flexibility and compactness standard for ultra-thin portable devices,…

Belden Announces $78M Acquisition

ST. LOUIS — Belden Inc. (NYSE: BDC), a global leader in signal transmission solutions for mission critical applications, today announced that it has entered into a definitive agreement to acquire the Thomas & Betts Communications Products Business, for $78 million in cash. This acquisition will further strengthen Belden’s position as an end-to-end solution provider within…

PEI-Genesis Expands UK Facility

SOUTHAMPTON, U.K. — In response to growing demand from the defense sector, franchised connector-assembly specialist PEI-Genesis has significantly expanded the MIL-DTL-38999 production capability at its 65,000 ft2 European assembly facility in Southampton. The company is QPL listed by the US Department of Defense for assembling the MIL-DTL-38999 Series I, II and III military circular connectors…

Digi-Key Announces 3M Product Availability

THIEF RIVER FALLS, Minn. — Electronic components distributor Digi-Key Corporation, recognized by design engineers as having the industry's broadest selection of electronic components available for immediate shipment, today announced it is now stocking 3M connectors and ejectors for CFast cards. These products have been tested to comply with the CFast specification and provide 10,000 mating…

ITT Beats Q3 Forecast

WHITE PLAINS, N.Y. — ITT Corporation (NYSE: ITT) today reported 2010 third-quarter revenue of $2.6 billion and net income of $145 million, or $0.78 per share. Income from continuing operations was $12 million, or $0.07 per share. Excluding the impact of special items, income from continuing operations for the quarter was $200 million, or $1.08…