Fab News

WILSONVILLE, OR – Mentor Graphics’s third-quarter revenues were $186.3 million, with a loss of $9.1 million. Revenues for the quarter were down nearly 2.3% year-over-year.
Year-to-date revenues were $582.5 million, with a loss of $7 million, compared with revenue of $545.3 million, with a loss of $3.8 million, in the same period last year.
Bookings for the third quarter were up more than 10% year-over-year.

“Bookings were a record for any non-fourth quarter. Contract renewals among our 10 largest orders increased 50% over the corresponding prior contract,” said Walden C. Rhines, chairman and CEO.

“Unfortunately, revenue timing issues on certain key orders impacted results for the quarter,” he added.

Compared to the same quarter last year, scalable verification bookings were up 25%; new and emerging bookings were up 35%; integrated systems design bookings were flat, and IC design to silicon bookings were down 5%.

Year-over-year bookings for Pacific Rim were up 35%; for North America, up 25%; for Japan, up 5%, and for Europe, bookings were down 15%, says Mentor.

For fiscal 2008, the company expects revenue of $860 million. Preliminary guidance for fiscal 2009 is for revenues of $920 million.
PHILADELPHIARohm and Haas today updated its expected 2007 guidance and outlook for 2008.
The company expects 2007 sales of approximately $8.8 billion, with growth in the fourth quarter of approximately 9 to 10% over the prior-year period.

Earnings will be adversely impacted by the price of raw materials, which increased $60 million over the same period in 2006.  The company has increased prices to cover these added raw material costs, and expects to have new pricing in place to cover further cost escalations by the beginning of first quarter 2008.

For the full-year 2008, the company forecasts a sales increase of approximately 14%. “Our 2008 outlook is positive,” notes Raj L. Gupta, president and CEO.
WICHITA, KS - Aeroflex announced that it has signed Restronics as a manufacturer's representative for its automated test equipment (ATE) product line in the United States.  According to Aeroflex, Restronics will provide an additional sales channel in the United States for its line of ATE equipment.
"The addition of Restronics as our manufacturer's representative provides Aeroflex with a highly skilled sales force to represent our products nationwide," said Ryan Panos, VP of Worldwide Sales, Aeroflex Test Solutions. "Adding Aeroflex to our product line fills a gap for our customers seeking high quality ATE equipment," said Ralph Savage, president, Restronics.
HELSINKI – Beleagured PWB maker Aspocomp has entered into a debt restructuring agreement with its Finnish bank creditors, the company reports.
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PETACH-TIKVA, ISRAEL – PCB manufacturer Eltek Ltd. reported third-quarter revenues of $8.8 million, up 2.3% sequentially, and down 12% year-over-year. The company incurred a third-quarter loss of $223,000, down from net income of $482,000 last year.
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PLYMOUTH, MNInnovex received a staff deficiency letter from Nasdaq stating that for the last 30 consecutive business days, the bid price of the company’s common stock has closed below the minimum $1 per share required for continued inclusion on the Nasdaq Global Market.
Therefore, the PWB fabricator was not in compliance and has until May 19 to regain compliance.
If at anytime before May 19, the bid price of the company’s common stock closes at $1 per share or more for a minimum of 10 consecutive business days, compliance will be achieved.
The Nasdaq staff deficiency letter has no effect on the listing of the company’s common stock at this time, Innovex reports.

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