South Africa
Power Technologies (Powertech), a wholly owned subsidiary of the JSE-listed Allied Electronics Group (Altron), has been audited by the independent BBBEE accreditor, Empowerdex, securing the status of a level 3 BBBEE contributor, equivalent to an AA rating in terms of the dti Codes of Good Practice. This allows the company’s customers to claim 110% of procurement spend for their own BBBEE score.
Reunert released unaudited group results for the six months ended 31 March 2011. Revenue for the interim period rose by 2% to R5,2 billion. Earnings before interest, tax, depreciation and amortisation (EBITDA) increased by 5% to R661,5 million, operating profit improved by 4% to R604 million, while profit attributable to equity holders of the parent soared by 98% to R789,8 million. Furthermore, headline earnings per share grew by 18% to 262,7cps.
Overseas
Business
Altera announced first quarter sales of $535,8 million, down 4% from the fourth quarter of 2010 and up 33% from the first quarter of 2010. New product sales increased 13% sequentially. First quarter net income was $224,1 million, or $0,68 per diluted share, compared with net income of $231,6 million, or $0,72 per diluted share, in the fourth quarter of 2010 and $153,2 million, or $0,50 per diluted share, in the first quarter of 2010. The company’s board of directors declared a quarterly cash dividend of $0,06 per share.
Microsemi reported unaudited results for its second quarter of fiscal year 2011. Net sales totalled a record $207,5 million, up 75,5% from the second quarter of 2010 and up 12,6% from the first quarter of 2011. Despite this, the company recorded a GAAP net loss for the second quarter of 2011 of $16,9 million or $0,20 per diluted share, compared to net income of $11,5 million or $0,14 per diluted share for the second quarter of 2010 and a loss of $1,3 million or $0,02 per diluted share in the first quarter of 2011.
microchipDIRECT, the direct source of products from Microchip Technology and Microchip third parties, announced that it has expanded inventory to further support its customers in these uncertain times. Inventory for microchipDIRECT customers has increased 300% during the last nine months, in its e-commerce warehouse. microchipDIRECT offers all of Microchip’s standard products and development tools, as well as many trusted third-party tools and devices, in support of the Microchip customer community.
Analog Devices announced financial results for the second quarter of fiscal 2011, which ended 30 April. Revenue was $791 million, an increase of 9% from the immediately prior quarter and an increase of 18% from the same period one year ago. Diluted earnings per share (EPS) from continuing operations was $0,78. This compares to $0,70 in the prior quarter and $0,55 in the same period one year ago. The board of directors increased the quarterly dividend by 14% to $0,25 per outstanding share of common stock.
Companies
M/A-COM Technology Solutions has acquired privately-held Optomai, a fabless semiconductor company that develops integrated circuits and modules for 40 Gbps and 100 Gbps fibre-optic networks. Financial terms of the transaction were not disclosed.
Farnell has won the 2010 EMEA High Service Distributor of the Year award from Tektronix, the leading global manufacturer of test measurement and monitoring solutions. The award, presented at Tektronix’s annual executive partner meeting in Paris recently, recognises the outstanding progress that Farnell has achieved over the past 12 months, with a 20% increase in sales performance and overall engagement, which outperformed 2009 levels.
Skyworks Solutions, an innovator of analog and mixed-signal semiconductors for a broad range of end markets, has signed a definitive agreement to purchase SiGe Semiconductor, a supplier of RF front-end solutions that are facilitating wireless multimedia across a wide range of applications. Skyworks will pay $210 million in cash, plus an additional $65 million if certain performance targets are met over the next 12 months.
FCI has acquired a majority stake in Anytek, a Taiwanese manufacturer of terminal blocks, for an unrevealed sum. The alliance between the two companies is the outcome of a partnership that started in 2009.
Technology
NXP Semiconductors announced its intent to make its JenNet-IP low-power, IEEE 802.15.4-based wireless connectivity network layer software available under an open-source licence. JenNet-IP is a 6LoWPAN network layer specifically targeting ultra-low-power networking for both residential and industrial applications. Currently in use with lead customers including IBM and TCP, JenNet-IP is particularly appealing because it is IP-based and capable of scaling to support large networks up to 500 devices, and is designed to work with or without Internet gateways.
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