Fab News

IRVINE, CAAcer Inc. today announced the purchase of Gateway Inc. for $710 million. The deal has the support of both companies’ boards and is expected to close by December.
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ARLINGTON, VA – A copy of the working draft of J-STD-709, Definition of Maximum Limits on Bromine and Chlorine Used in Materials for Low Halogen Electronic Components and Assemblies, is available for review.
 
Please return comments to This email address is being protected from spambots. You need JavaScript enabled to view it. by Sept. 21.
 
The committee will meet on Sept. 25 in Schaumburg, IL. Information on registration, venue, etc. for the meeting can be found at www.ipcmidwestshow.org.
SAN JOSE, CA – Joseph R. Bronson has been named president and COO of Sanmina-SCI Corp., and was elected to the board of directors, the EMS provider announced Thursday.
 
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TAIWAN – Taiwan-based Foxconn has unveiled its first software base in mainland China, according to a report from ChinaTechNews.com. This comes after the company signed a letter of intent with the municipal government of Nanjing earlier this year.
 
According to the report, CEO Terry Guo said the company chose the Pukou district of Nanjing for its facility, which will design wireless communications networks, enterprise information security and medical software.
 
The company plans to recruit 30,000 software engineers in five years for the Nanjing site, according to media reports. The site is now operational with more than 200 software developers.
TAIPEI, TAIWAN Laird Technologies announced that it signed a distribution and lamination agreement with ITEQ Corp. The combined resources of ITEQ and Laird Technologies uniquely positions both companies to supply solutions to the growing LED based BLUs for LCD Flat Panel Display.
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YAVNE, ISRAELValor Computerized Systems announced second-quarter revenues rose 14.8% over the same quarter last year to $10.6 million. The software company’s net profit fell 32% to $681,000 for the quarter. Earnings before taxes, depreciation and other charges (EBITDA) fell 13% to $1 million.
 
Product revenue was up 16.5%, while maintenance revenue climbed 12%.
 
First-half revenues grew 18.7% year-over-year to $20.9 million. The company reported EBITA rose 19.9%, but earnings dropped 3.7% year-over-year.

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