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Speaking of this Week — August 22, 2003
December 31, 1969 |Estimated reading time: 3 minutes
By Christine F. Della Monaca
Speaking of this Week reflects on events in the electronics assembly industry every Friday.
Most encouraging is that progress news continues to dominate what comes over the transom, followed by improving financial news, some personnel announcements and promotions, and looks at the future. From this vantage point, I think we're in for a good rise in the fall. Onward:
- Flemington, N.J.-based DEK continues to broaden its presence in China, with a process characterization lab and laser stencil manufacturing facility, both in Suzhou. In more expansion news, Ann Arbor, Mich.-based Flint Ink launched a separate business unit, PRECISIA LLC, to build its RFID business, while Oldsmar, Fla.-based Genesis Electronics Manufacturing Inc. entered into an agreement with IBM in support of monitor reclamation services. San Diego-based GE Global Electronic Solutions (GES) sourced an equipment finance deal from FASL Japan Ltd., and West Newbury, Mass.-based Riverview Partners Inc. entrepreneur Ken Cavallaro published his "Entrepreneurial Secrets." In other progress news, Herzlia, Israel-based Tecnomatix Technologies Ltd.'s eMPower products are being used to simulate and optimize baggage handling at Munich Airport's newly opened Terminal 2; Milford, Mass.-based Milford Manufacturing Services introduced "Through the Looking Glass," a virtual manufacturing environment; and Ewing, N.J.-based Universal Display Corp. was named to Delotte & Touche's Technology Fast 50 Program for New Jersey. Finally, Northbrook, Ill.-based IPC — Association Connecting Electronics Industries has released two test kits designed to assist users of IPC-9850, Surface Mount Equipment Characterization.
- Good financial news: Cambridge, Ontario, Canada-based ATS Automation Tooling Systems Inc. is seeing strong new automation systems order bookings of $73 million in the first six weeks of the second quarter, as well as net earnings of $2.2 million on revenues of $148.6 million for the three months ended June 30. Similarly, Austin-based Austin American Technology has seen a 26 percent increase in business in the most recent fiscal quarter year-over-year. Finally, Yavne, Israel-based Valor Computerized Systems is seeing a 13.3 percent increase in revenues for the first half of 2003, as compared to the comparable year-ago period.
- Lots of personnel news from a plethora of companies and associations: Breda, Holland-based Cobar BV appointed four new directors from within the company, and Temple, Texas-based SMT Resource Group LLC promoted Philip Newbury to vice president of distribution sales. Meanwhile, Foothill Ranch, Calif.-based F&K Delvotec plans to expand the management responsibilities of their Northwest sales and service office, effective September 1, while Santa Clara, Calif.-based Namics Technologies Inc. named Richard C. Jensen as vice president — general manager. Finally, the Arlington, Va.-based trade organization National Association of Relay Manufacturers (NARM) appointed Jeffrey W. Boyce as interim executive director, replacing Dan Dangott, who passed away recently.
- We finish up this week with some interesting looks ahead: Forest Hills, N.Y.-based Dedalus Consulting Inc. sees the world screen printing market beginning to recover, forecasting the world market for screen printers as reaching more than $747 million in 2003. Scottsdale, Ariz.-based In-Stat/MDR still sees value in the MEMS industry, predicting that revenues will increase at a CAGR of 15.9 percent from $3.9 billion in 2002 to $8.3 billion in 2007 and unit shipments rising from 1 billion units in 2002 to 3.3 billion in 2007, representing a CAGR of 26.1 percent. Finally, San Mateo, Calif.-based ElectroniCast Corp. sees a minor improvement of global shipment value of optoelectronic application specific integrated circuits (ASICs) in 2003, with more substantial growth from 2004 to 2007.
This just in: According to this week's Quick Vote, 47 percent of you see optoelectronics as an emerging technology to watch in 2004, followed by Bluetooth at 27 percent and MEMS at 13 percent. Thirteen percent more of you see another, unnamed emerging technology as dominating the headlines next year.
Have some insight on the industry? See something you don't agree with? Think I'm right on? Send it all to me at mailto:christinef@pennwell.com.