Littelfuse Reports Q1 Results

Chicago — Littelfuse, Inc. (NASDAQ:LFUS) today reported sales and earnings for the first quarter of 2012. “Sales were higher for all three businesses and margins increased consistent with these higher sales levels. It appears that the electronics inventory correction is now behind us as evidenced by further reductions in distributor inventories, increasing shipments to distributors…

Earnings Season: A Mixed Bag From Europe

Looking at the flurry of quarterly results coming out of Europe's big tech companies this week, it's hard to tell which way the spring weather is headed. Some companies are catching a bit of sun, and others are just getting rained upon. Take {complink 4269|Koninklijke Philips Electronics N.V.}, for instance. The Dutch company surprised everyone…

Celestica Announces Q1 Financial Results

TORONTO — Celestica Inc. (NYSE, TSX: CLS), a global leader in the delivery of end-to-end product lifecycle solutions, today announced financial results for the first quarter ended March 31, 2012. “Celestica delivered a solid first quarter with strong operational execution and cash performance, despite an overall weak demand environment,” said Craig Muhlhauser, President and CEO,…

Nokia Needs Some Good News

Will the sun shine brightly in Espoo, Finland, again? Ordinary, folks at the headquarters of {complink 3847|Nokia Corp.} must be wondering why the news about their once brightly-shining corporate neighbor seems to be all doom and gloom these days, following reports yesterday that Moody's Investor Service downgraded a portion of the company's bond to near-junk…

The Race to $1,000 per Share

With the stock market closed for Good Friday, it seems like a good time to share what analysts are saying about three tech stocks: {complink 379|Apple Inc.}, {complink 2294|Google}, and Priceline. According to Wall Street, Reuters, and MSNBC, these three companies are on pace to reach $1,000 per share within the next two years. Of…

Apple to US: Your Tax Law Sucks

The US government has boxed itself into a corner over billions of dollars held in foreign accounts by {complink 379|Apple Inc.} and other American technology companies, which are refusing to repatriate their funds due to tax concerns. Apple executives said in a conference call today that $64 billion of the company's nearly $100 billion cash…

Apple to Discuss $100B Cash Hoard

Has {complink 379|Apple Inc.} finally reached a decision about what it should do with the enormous cash the company has built up over the last five years? CEO Tim Cook has scheduled a conference call for Monday morning during which he will announce the “outcome of the Company's discussions concerning its cash balance,” according to…

2011 Thai Floods Leave a Big Financial Gash

{complink 2149|Fujitsu Ltd.} and {complink 5648|Toshiba Corp.} are the latest to get banged about as a result of the flooding in Thailand that disrupted the production of hard disk drives last year. Both companies warned in statements released earlier this week that they won't meet their forecasts for the fiscal quarter and year ending March…

4 Things Apple Can Do With $98 Billion

{complink 379|Apple Inc.} has about $98 billion in cash and short- and long-term securities and is discussing what to do with the fund, according to company executives. It's an important issue and one the company cannot continue to kick down the road. In a previous blog, I explained Apple needs to take a firm decision…

European IT Bellwethers Slip

Given the ongoing uncertainty floating around Europe and the likelihood of another recession there, it was only a matter of time before we started seeing companies cite similar pressures. Apparently, it's happening sooner than later. This week, both {complink 5218|STMicroelectronics NV} and {complink 4929|Siemens AG}, significant bellwethers for Europe's electronics sector, delivered bad news about…