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Market News

AUSTIN, TX – National Instruments reported record annual revenue of $821 million, up 11% year-over-year. For the quarter ended December 31, revenue was $202 million, down 1% from $204.8 million from the previous quarter.

SAN JOSE, CA – The MicroElectronics Packaging and Testing Engineering Council (MEPTEC) has finalized the program for its first-quarter symposium, “Semiconductor Packaging--Impacting the Age of Consumer Electronics.”

Held February 19, the event will begin with Ronald Steger delivering the keynote presentation. The topics of the symposium will address the most urgent areas of consumer products packaging.

TORONTO – Firan Technology Group Corp. (FTG) reported a 38% increase in fourth-quarter sales to $17.4 million. Sales grew 14% for the year ended November 30, to $63.2 million, compared to $55.6 million in 2007.

PORTLAND, OR -- Electro Scientific Industries, Inc. (ESI) reported that its fiscal 2009 third quarter revenues were $25.6 million, down 48% from the previous quarter. The company's fiscal 2009 third quarter ended December 27, 2008.

LISLE, IL – Molex Inc. reported first-quarter revenues fell 20.8% from last year to $666.7 million. For the quarter, the gross profit margin dropped to 26.4%, compared to 30.1% in 2007, on lower production levels and absorption of manufacturing overhead.

BANNOCKBURN, IL – IPC is hoping the government’s economic stimulus package reaches the electronics-manufacturing sector. The trade association is lobbying Congress to pass bonus depreciation tax incentives, as well as research and experimentation (R&E) tax credits, contained in the American Recovery and Reinvestment Plan.