An article in this week's Newsweek resonated with me because of discussions we've had on this site about companies sitting on cash. (See: Cash Hoarders & the Confidence Crisis.) The headline is “Holding Dollars Hostage,” and the article is about global companies holding and investing cash abroad. The gist of this article is the US…
GREENVILLE, S.C. — KEMET Corporation (NYSE Amex: KEM) (the “Company”) announced today that the Company’s stockholders approved an amendment to its Restated Certificate of Incorporation to effect a reverse stock split (the “Reverse Stock Split”) at a special meeting of stockholders held on November 3, 2010. The Reverse Stock Split was previously approved by the…
In recent months, European governments have moved to combat the region's debt crisis with what often seem like savage budget cuts at national, local, and township levels. The cuts, especially in the UK, are likely to have implications for all sectors of the economy and particularly for high-tech equipment manufacturers, as governments — which have…
This week, both {complink 453|Arrow Electronics Inc.} and {complink 577|Avnet Inc.} reported their quarterly earnings and discussed a number of supply chain trends on their earnings conference calls. For buyers, two of the most important trends are leadtimes and pricing. Here's what the industry's two largest global distributors are saying. Leadtimes are coming back in…
SINGAPORE — {complink 2085|Flextronics Corp.} today announced results for its second quarter ended October 1, 2010 as follows: Net sales for the second quarter ended October 1, 2010 increased 27% to $7.4 billion compared to net sales for the quarter ended October 2, 2009 of $5.8 billion. Adjusted operating income increased $64 million or 43%…
US economic engines are sputtering or merely idling at a time they should be firing on all cylinders. The government has excessive debts, consumers have limited access to credit facilities or just want to shore up savings and pay down old debts, while corporations, which apparently have tons of cash, have frozen capital expenditure and…
Cash and short-term securities at four of the world's biggest high-tech companies have surged sharply over the last year, boosting their combined market valuation and offering them ammunition for strategic acquisitions, R&D, and product development programs. {complink 379|Apple Inc.}, {complink 1131|Cisco Systems Inc.}, {complink 2294|Google}, and {complink 3426|Microsoft Corp.} together had approximately $149.1 billion in…
AUSTIN, Texas — Freescale Semiconductor Holdings I, Ltd. today announced financial results for the third quarter ended October 1, 2010. Highlights for the third quarter include: • Net sales of $1.15 billion; • Trailing twelve month Adjusted EBITDA of $1.06 billion; • Cash and cash equivalents of $1.07 billion at October 1, 2010. “Third quarter…
SAN JOSE, Calif. — {complink 265|Altera Corp.} today announced third quarter sales of $527.5 million, up 12 percent from the second quarter of 2010 and up 84 percent from the third quarter of 2009. New product sales increased 24 percent sequentially. Third quarter net income was $217.5 million, $0.69 per diluted share, compared with net…
{complink 4842|Seagate Technology Inc.} and {complink 379|Apple Inc.} do not belong in anyone’s classification of a “peer group.” Somehow, though, Seagate’s management thinks the company belongs with Apple — along with {complink 1131|Cisco Systems Inc.} and {complink 2657|Intel Corp.}, amongst others — in a class of companies that investors might want to group together when…