TOKYO and SINGAPORE – Nitto Denko Corporation has opened the Nitto Denko Asian Technical Center (NAT) in Singapore. Spearheading and managing its R&D operations, NAT will focus on the development of integrated organic electronic devices.
HORSHAM, PA and MARLOW, UK – To keep up with growth in sales and to accommodate customer events and conferences, Aegis Software has relocated its European headquarters to a larger building. Located just outside of Marlow, the headquarters houses sales and administrative offices, as well as state-of-art facilities for training and customer service.
“The fact that we are moving our European headquarters into a larger facility little more than a year after opening the original office speaks volumes for our recent success there,” explains Jason Spera, CEO.
EL SEGUNDO, CA – Amid rapidly deteriorating conditions in the global economy and financial system, iSuppli Corp. has slashed its 2009 forecast for PC unit shipments nearly two-thirds.
iSuppli’s revised forecast predicts global PC shipments will rise 4.3% in 2009, down from its previous estimate of 11.9%. The forecast for 2010 calls for a 7.1% growth in shipments, down from the previous outlook of 9.4%.
Desktop PCs will suffer a shipment next year, declining approximately 5%, while notebooks will grow about 15%.
“Since iSuppli published its last worldwide PC forecast, the landscape of the global economy has changed dramatically, and in many ways irrevocably,” says Matthew Wilkins, principal analyst, compute platforms, for iSuppli.
Wilkins notes established banking institutions have crumbled, with many requiring government aid to survive. The magnitude of the banking collapse has been so great that its impact on the availability of credit – and interest rates – has affected large corporations, small businesses and even the man on the street, he says.
“The result of the financial turmoil is less money to spend, and often that money is itself more expensive,” Wilkins says. “With less money to spend, application markets, like PCs, have been impacted.”
The PC market has been a buoyant end-application market for a long time, reporting annual growth rates around 10% for the past five years – with 2008 becoming the sixth year, as a result of 13% growth expected, says iSuppli. However, in light of the credit collapse that hit during the third quarter, prospects for the PC market in 2009 are not as positive as in previous years.
“Real issues – such as difficulties in paying staff, or making rising mortgage payments – are affecting businesses as well as consumers,” Wilkins said. “In light of such financial issues, the task of refreshing or acquiring new IT equipment has taken a back seat.”
The forecast of growth in notebook shipments arises from the fact that the segment is currently performing very well and has strong momentum – not to mention the attractive pricing for low-cost notebooks, known as netbooks. iSuppli believes demand for netbooks will show less of a reduction in 2009 than other notebook platforms, primarily because of their lower average selling prices.
SAN JOSE, CA – SEMI has released its October 2008 Book-to-Bill Report. According to the report, North American-based manufacturers of semiconductor equipment had a three-month average of worldwide bookings totaling $843 million. That is nearly a 30% increase over September’s figure. The book-to-bill ratio was 0.93, matching February’s figure, the highest monthly total for 2008. The three-month average for worldwide billings reached $908 million, 2% less than September’s level of $927 million. “While three-month average bookings improved in October, overall bookings and billings for North American equipment manufacturers are at level comparable to 2003,” explained Stanley Myers, SEMI’s president and CEO. He suggests that the industry waits until the early part of 2009 for clearer signals regarding market direction.