– Industry reports indicate that contract electronics maker Plexus Corporation said that its board has approved a financial recapitalization, in which it will
borrow $150 million to buy back up to $200 million of its common shares.
the last several months we have conducted a comprehensive review of our capital
structure, and believe that a moderate amount of debt at the current favorable
interest rates strikes the right balance for Plexus," said CFO Ginger
Jones in a statement.
company will pay $100 million to Morgan Stanley to buy back approximately 2.2
million shares, with expectation of buying back another $100 million shares on
the open market by the end of 2008.
reported that it will fund the share repurchase with existing cash and a new long-term
debt of $150 million, saying that the recapitalization will add to 2008
earnings per share.
WESTFORD, MA – Zuken’s CADSTAR Express 9, a limited downloadable
version of the company’s PCB design tool CADSTAR, has been awarded
second place in the “Best Product 2007 - Design Tools and Software
Category," listed in E&E Best Product Guide for 2007.
The award will be presented on February 26 during the Embedded World 2008 Exhibition and Conference in Nürnberg, Germany.
“Zuken is proud to receive this recognition. We welcome all PCB
engineers and designers to try CADSTAR,” said Jeroen Leinders, company
ISRAEL – Magnetti Marelli has selected Valor Computerized Systems' vManage
software (used for assembly traceability and feeder verification) for
installations into manufacturing sites in Italy, Spain and Mexico.
will reportedly enable Magnetti Marelli, an automotive electronics systems
provider, to achieve traceability and visibility of materials and manufacturing
processes on their Panasonic, Fuji and Hitachi PCB SMT platforms. vManage will
also help Magnetti Marelli to eliminate feeder errors by incorporating the
software’s feeder verification functionality.
to Valor, vManage provides shop floor control and material management by
collecting accurate real-time machine performance data from equipment vendors,
allowing visibility and control over the manufacturing operation from SMT lines
to final assembly.
very happy to have extended our shop-floor management installations at Magnetti
Marelli,” said Julian Coates, VP of Valor. “vManage not only enables
electronics manufacturers to remain competitive, but also to comply with
special requirements set in the automotive industry.”
MARLBOROUGH, MA, - Rohm and Haas Electronic Materials has entered into a joint development agreement with IBM to create patterning materials and processes to enable implant at and below the 32 nm node.
The agreement is a joint collaboration to develop implant solutions for
advanced technology nodes. Ion implantation is a set of process steps
used to fabricate transistors. The implant process selectively
introduces electrical charges into extremely small areas that have been
defined by preceding lithographic steps.
At 32 nm and below, implant lithography has become a critical step in
transistor creation, but constitutes a major technology hurdle. As
semiconductor designs shrink, new challenges emerge in controlling
implants used in transistor formation.
“Finding the right solutions to difficult technical challenges depends
not only on strong engineering and design, but also on close
collaboration with leaders in the semiconductor industry,” said Dr.
James Fahey, president of Microelectronic Technologies for Rohm and
Haas. “Partnering with IBM will accelerate the development of new
materials and ensure that we are on track to meet the needs for 32 and
22 nm nodes.”
“We are proud to be working with Rohm and Haas Electronic Materials,
combining IBM’s continued development of lithography solutions with
Rohm and Haas’s material expertise,” said George Gomba, Director of
Total Patterning Solutions for IBM Microelectronics.
Work on the joint collaboration will take place at IBM’s East Fishkill,
Yorktown and Albany facilities and at Rohm and Haas Electronic
Materials’ Advanced Technology Center in Marlborough, MA.