Still wondering why high-tech and electronics equipment makers, component suppliers, and contract manufacturers are so gung ho about China? Try this: Over a five-year period, {complink 1082|China Mobile Ltd.}, the world's biggest telecommunication service provider in terms of subscribers, will put almost US$100 billion into capital expenditure. This year alone, the company expects to increase…
SANTA CLARA, Calif. — NVIDIA announced today that David White, chief financial officer (CFO), has resigned from the company for personal reasons. He will remain an employee through May 31, 2011. Karen Burns, 43, who currently serves as corporate controller and vice president of tax, will serve as interim CFO. Previously, she served for 10…
BLUE BELL, Pa. — C&D Technologies, Inc. (the “Company”) announced today that it filed an amendment (the “Amendment”) to its amended and restated certificate of incorporation to decrease the number of authorized shares of the Company's common stock, par value $.01 per share (“Common Stock”), from 600,000,000 to 25,000,000 (the “Authorized Share Reduction”). The Amendment…
The scale and scope of the disaster unfolding in Japan following last week's earthquake and subsequent tsunami is heart wrenching. Estimates indicate more than 10,000 lives might have been lost, with millions of people displaced, in what is turning out to be one of the country's biggest natural disasters ever. Even now, the country awaits…
Annual double-digit wage increases are becoming the norm in China, especially in fast-growing urban production centers where local and foreign manufacturers are battling rapid employee turnover and finding it increasingly difficult to recruit and retain skilled and semi-skilled workers. The rising wage problem has become acute in some industries, including high-tech and automotive, due to…
CEOs from the largest players in the technology industry will be meeting with senior Obama administration officials this week to push for an agenda that they believe will reinvigorate US innovation and spur economic growth. Nearly 60 executives from TechNet, a bipartisan policy and political network of CEOs, will advocate for policy changes in three…
CAMARILLO, Calif. — Vitesse Semiconductor Corporation (Pink Sheets: VTSS), a leading provider of advanced IC solutions for Carrier and Enterprise networking, today announced that its common shares have been approved for listing on the NASDAQ Global Market. The Company expects that its common stock will commence trading on NASDAQ on March 2, 2011 under the…
MELVILLE, N.Y. — Arrow Electronics, Inc. (NYSE:ARW) announced today the approval by the company's Board of Directors of the repurchase of $50 million of common stock through a share repurchase program. The company expects to repurchase shares to offset the dilution from the common stock issued in accordance with equity-based compensation plans. This action will…
It is not just semiconductors that are off to a good start in 2011. The connector industry is as tight as a drum, too. Orders in December were up 13.3 percent year-over-year, with full-year orders up 29.3 percent over 2009, though down sequentially 11.1 percent from November 2010. The December connector book-to-bill ratio was 1.01,…
{complink 317|Analog Devices Inc.} has finally hit the sweet spot of the market. About four years after it implemented a structural reorganization, the Norwood, Mass.-based analog semiconductor vendor is finding validation with investors — an endorsement CEO Gerald Fishman believes the company has always enjoyed with customers but that Wall Street was slow to give.…