CircuiTree - January 2009 - (Page 12) raw materials in accordance with Eltek’s efficiency plans. Revenues for the three months ended September 30, 2008, were USD 12.3 million, a 40 percent increase from USD 8.8 million in Q3 FY 07. The 2008 gross profit margin was approximately 17 percent as compared to 12 percent in the comparable period in 2007. For the nine-month period ended September 30, 2008, revenues were USD 34.2 million compared with revenues of USD 27.6 million for the comparable period in 2007. Net loss for the ninemonth period ended September 30, 2008, was USD 1.2 million, or USD 0.17 per fully diluted share, compared with net income of USD 171,000, or USD 0.03 per fully diluted share, for the same period in 2007. program designed to focus the company’s strategy, streamline the business, and improve operational execution and financial performance. Cadence expects to achieve annual operating expense savings of at least USD 150 million through a combination of workforce and other expense reductions, and it expects to eliminate at least 625 full-time positions, representing 12 percent of its global employee base, plus a substantial number of contractors and consultants. Workforce reductions will take place over a period of time and are expected to be completed in the second half of fiscal 2009. Cadence expects to record a restructuring charge of approximately USD 65 million to USD 70 million pre-tax, USD 48 million of which will be recorded in Q3 FY 08. (the Patents at Issue) anywhere in the world. ITEQ stipulates and admits the validity and enforceability of the Patents at Issue. The financial details of both agreements are confidential and will not be disclosed. Elcoteq Bangalore Receives Karnataka IT Export Award Espoo, Finland, and Richardson, Tex. – Elcoteq Bangalore received the Certificate of Excellence Among Electronic Hardware Export in Karnataka award for 2007-2008. The award was conferred jointly by the Software Technology Parks of India, the government of India, and the government of Karnataka to the best performing software or hardware technology company units located in the state of Karnataka. AT&S Adapts Capacities at Leoben-Hinterberg Facility Vienna – Due to recent developments in the world’s financial markets, AT&S must make adjustments to capacity at its Leoben-Hinterberg facility to strengthen the facility’s role as a technology driver and as the AT&S Group’s specialist for prototyping and rapid turnaround business. Capacity adjustment will affect 293 of AT&S’ own staff and 159 leased personnel at the site so that overall numbers will be reduced from 1,370 to 918 people employed. Production capacity will be reduced from 215,000 m2 PCB area to 130,000 m2. Some machines no longer required for production in Leoben-Hinterberg will be put to use in the new factory in India, reducing the amount needing to be invested there by EUR 7.4 million. Restructuring is expected to cost approximately EUR 20.4 million, made up of redundancy costs, building write-downs, and other costs of reorganization. Mentor Graphics Reports Third Quarter Results Wilsonville, Ore. – For Q3 FY 08, Mentor Graphics Corporation reported revenues of USD 184.9 million, a GAAP loss of USD 0.85 per share, and a non-GAAP loss of USD 0.04 per share. For Q4 FY 08, 14 Cadence Announces Restructuring Program San Jose, Calif. – Cadence Design Systems, Inc., commenced a restructuring Instant Quotes, Anytime-day or night Semiconductor Equipment Sales to Fall USD 30.91 Billion in 2008 Tokyo – According to the year-end edition of the SEMI Capital Equipment Forecast, SEMI projects 2008 equipment sales to reach USD 30.91 billion. Following 5.7 percent market growth in 2007, the equipment market will decline almost 28 percent in 2008. SEMI expects the market to decline about 21 percent in 2009 and then post almost 31 percent growth in 2010. Isola Grants Park Electrochemical Patent License, Settles Patent Dispute With ITEQ Chandler, Ariz. – Isola Group, SARL, entered into a license agreement with Park Electrochemical Corp., granting Park the right to practice under U.S. Patent Nos. 5,464,658 and 5,350,621 for the terms of the patents; the patents are directed generally to laminates and PCBs that incorporate square weave fabric materials. Isola also settled its patent dispute with ITEQ Corporation. Under the terms of the agreement, ITEQ shall not make, use, sell, offer for sale, or distribute its product 200DK or any other products that fall within the scope of any claims of the R.O.C. invention patent Nos. 142122 and 123529 and U.S. Patent Nos. 6,187,852, 6,322,885, and 6,509,414 12 January 2009 • circuitree.com 8/7/08 10:51:03 AM Elreha Ad -Sixth.indd 1 http://www.jetpcb.com http://www.circuitree.com
For optimal viewing of this digital publication, please enable JavaScript and then refresh the page. If you would like to try to load the digital publication without using Flash Player detection, please click here.