CircuiTree - December 2008 - (Page 15) figure is 13 percent less than the final August 2008 level of USD 867 million and 39 percent less than the USD 1.24 billion in orders posted in September 2007. The three-month average of worldwide billings in September 2008 was USD 990 million, which is 7 percent less than the final August 2008 level of USD 1.06 billion and about 36 percent less than the September 2007 billings level of USD 1.56 billion. polyimide under strict performance and verification requirements. Merix Corporation Extends Military Certifications Beaverton, Ore. – Merix Corporation received formal approval to process polyimide material under its MIL-PRF-31032 certification in its San Jose, Calif., factory. Polyimide is used in a significant number of defense and aerospace designs, and this extension of Merix’s existing certification means that an independent agency has verified Merix’s ability to process 3M Reports Record Third Quarter Sales St. Paul, Minn. – 3M reported Q3 FY 08 sales of USD 6.6 billion, a 6.2 percent increase over Q3 FY 07. Net income was USD 991 million, or USD 1.41 per share, versus USD 960 million, or USD 1.32 per share, in Q3 FY 07. Excluding special items in both 2007 and 2008, net income in Q3 FY 08 was USD 999 million, or USD 1.42 per share, versus USD 940 million, or USD 1.29 per share, in 2007, increases of 6.2 percent and 10.1 percent, respectively. Endicott Interconnect Receives Department of Defense Trusted Foundry Accreditation Endicott, N.Y. – Endicott Interconnect Technologies, Inc. (EI), received Trusted Accreditation by the Defense Microelectronics Activity as a trusted source to the Department of Defense and all other U.S. government agencies. EI was awarded Category 1A trusted foundry accreditation for integrated circuits for packaging/ assembly services at its Endicott, N.Y., facility. Gartner Slashes 2009 Tech Spending Forecast According to Reuters, Gartner sharply cut its forecast for global technology spending next year, seeing a drop in spending in Western Europe and a slim rise in the U.S. Gartner, whose forecasts are closely watched by investors, said that information technology spending could rise only 2.3 percent in 2009, with businesses cutting back as the economic crisis spreads. Previously, Gartner had forecast 5.8 percent growth in IT spending next year. ■ circuitree.com • December 2008 CT02084Taiy.indd 1 15 12/19/07 11:26:32 AM http://www.taiyo-america.com http://www.taiyo-america.com http://www.circuitree.com
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