| FTG Q2 Sales Down |
|
|
| Thursday, 09 July 2009 11:25 | |||
|
TORONTO – Firan Technology Group Corp. (FTG) reported second-quarter sales dropped 11% from last year to $14.6 million on decreased customer demand and the shifting US exchange rate. Sales for the circuits segment fell 8% year-over-year to $11.7 million. The aerospace segment took a harder hit, with sales down 21% to $3.7 million. For the quarter ended May 29, FTG reported a net loss of $540,000, compared to a net income of $206,000 last year. The loss included $38,000 incurred from establishing FTG Aerospace-Tianjin. Second-quarter bookings were $12.7 million, with a book-to-bill of 0.87 for the corporation and 0.92 for the circuits business. Year to date, sales fell nearly 3% to $29.3 million; net loss was $607,000, compared to a net loss of $841,000 last year. The company has taken cost-saving measures including wage and workforce reductions, as well as implementing a new inventory management process.
|
Design News
- IEEE Reiterates Globecom Papers Deadline
- Mentor's Q4 Sales Tick Down, Profits Up
- Zuken Announces Electronic and Electrical Design Conferences 2010
- Virtual PCB Now “On Demand”
- Virtual PCB Draws Record 2,500 Registrants
- Mentor Acquires Zeland
- Technical Chats, Webinars Highlight Virtual PCB Today
- Banner Year: Altium Adds 500 US Customers
- Trilogic, EDA Direct and Oasis Sales to Exhibit at VIRTUAL PCB
- Altium Design Data Management Webinar to be Held Feb. 25
Market News
- Orders Rebounding at German Electronics Cos.
- Gartner Raises PC Shipment Outlook
- Gartner Releases IT End-User Predictions for Next 5 Years
- Chile Quake Could Shake Copper Prices
- ISM: Employment in Manufacturing Grows for 3d Consecutive Month
- NA January PWB Orders Up 22% YoY
- Chip Sales to Spike 20% in 2010
- GIPC Lobbies Congress on IP Measures
- Semi B2B Hits Highest Mark in 5 Years
- China's Electronics, IT Profits Up 5.2% in 2009
Fab News
- Advance Circuits' Parent Co. Takes Loss
- Camtek Extends Losses Despite Sales Hike
- Luttrull Joins Isola
- GUH Holdings Reports Q4 Comeback
- Kingboard Chemical Reports 2009 Profit Up 40%
- K &F Signs on for Virtual PCB
- iNEMI Calls for Standardized Methodology to Quantify Product Carbon Footprint
- Dow Increases Epoxy Prices in Asia Pacific
- OM Group Reports Q4 2009 Sales Down, Income Up YoY
- Sierra Proto Moves All Production to CA Site
Products
Mentor Graphics Introduces FloTherm IC
FloTherm software is for IC thermal characterization and design. Is a Web-based platform that automates design tasks associated with full-spectrum thermal characterization and validation. Is said to reduce time spent on thermal characterization and design by up to 25% by providing an automated process that includes pre-verified thermal models. Addresses full-spectrum thermal metric and compact model generation with adherence to JEDEC standards; package-aware parametric design for what-if analysis; EDA tool interfacing for detailed modeling of BGA substrates for physical layout, and data...
FloTherm software is for IC thermal characterization and design. Is a Web-based platform that automates design tasks associated with full-spectrum thermal characterization and validation. Is said to reduce time spent on thermal characterization and design by up to 25% by providing an automated process that includes pre-verified thermal models. Addresses full-spectrum thermal metric and compact model generation with adherence to JEDEC standards; package-aware parametric design for what-if analysis; EDA tool interfacing for detailed modeling of BGA substrates for physical layout, and data...
Sponsor Links
Low Cost PCB Prototypes
PCB-POOL® manufactures high quality PCB prototypes at exceptional prices!
Receive instant quotes (no registration required) and order your PCBs directly online.
Special Offer: Free Laser SMD stencil with all prototype orders!
Need PCB prototypes fast?
Sunstone Circuits takes the pain out of prototyping! We are dedicated to making the online ordering of PCB prototypes simple, fast, and easy from quote to delivery. Quick access to our 24/7/365 customer service team and easy online order tracking takes the pain out of sourcing prototypes online.
Put us to the test - order Sunstone Circuits today!
Features
Printing Screens Revisited
Research continues on improving printed frontside silver conductor line efficiency.A simple Internet search will reveal the photovoltaic industry is working hard on higher aspect ratio frontside conductor grids as a route to greater solar cell efficiencies. This is because the conductors, typically screen-printed on a cell’s frontside, block sunlight from reaching the energy converting strata below, and the narrower they are, the less shadow they cast. However, as it is essential they...
Research continues on improving printed frontside silver conductor line efficiency.A simple Internet search will reveal the photovoltaic industry is working hard on higher aspect ratio frontside conductor grids as a route to greater solar cell efficiencies. This is because the conductors, typically screen-printed on a cell’s frontside, block sunlight from reaching the energy converting strata below, and the narrower they are, the less shadow they cast. However, as it is essential they...
Printed Circuit Design & Fab Magazine on Facebook


