ON Semiconductor Corp. (Phoenix, AZ) announced that total product revenues in the first quarter of 2001 were $357.0 million, a decrease of 13 percent, compared to the first quarter of 2000, and a decrease of 24 percent from the fourth quarter of 2000. Excluding amortization of intangibles, restructuring charges and the cumulative effect of an […]
General Semiconductor Inc. (Melville, NY) has reaffirmed its rejection of Vishay Intertechnology Inc.'s (Malvern, PA) acquisition proposal. General Semiconductor Chairman, President and CEO Ronald Ostertag sent the following letter to Vishay, in response to Vishay's letter from April 24, 2001: April 25 2001 Dr. Felix Zandman Chairman and Chief Executive Officer Vishay Intertechnology Corporate Headquarters […]
Evercel Inc. (Danbury, CT) announced that its revenue and net results for its 2001 first quarter will be below the company's prior expectations, reflecting delays in reaching full manufacturing capabilities of its Evertroll trolling motor batteries in its Newport News, Virginia, facility. Volume of sales of Evertrolls for the remainder of the year is uncertain […]
The Science and Technology Foundation of Japan will recognize Dr. John B. Goodenough with an award of 50 million yen, approximately $420,000,...
Honeywell (Morris Township, NJ) announced that its first-quarter ongoing earnings per share (EPS) were $0.51, excluding $595 million in repositioning and other charges. Reported first quarter EPS was $0.05. The first-quarter EPS was substantially affected by the current economic environment and continued high energy and raw material costs. Other factors included income declines in units […]
Synergy Technologies Corp. (Canada) announced that it plans to enter the fuel-cell market by aggressively pursuing joint ventures and strategic partnerships with major fuel cell and transportation companies that could potentially benefit from a number of applications of the company's patented SynGen technology. The SynGen reactor, or reformer, converts natural gas and other fossil fuels […]
General Semiconductor Inc. (Melville, NY) reported results for the quarter ended March 31, 2001. Sales for the quarter were $102.0 million, a decrease of 11.3 percent from the $115.0 million reported for the fourth quarter of 2000. Operating income for the quarter, excluding one-time pre-tax restructuring charges, was $10.2 million, a 46 percent decrease from […]
Intertech Corp. (Portland, ME) will be offering two new workshops in Indianapolis, Indiana, dedicated to the transition to 42V power supply systems for road vehicles. The first workshop will be held from June 11 through 12, 2001, and is entitled "The Transition from 14V to 42V Systems". The second, from June 13 through 14, 2001, […]
Exide Technologies (Princeton, NJ) announced that the company received the 2001 Environmental Consciousness Award given by the Vaughan, Ontario Chamber of Commerce (Canada). The awards committee selected Exide's Maple facility, a manufacturer of lead-acid batteries, based on achievement in environmental concerns. Exide's Maple facility developed a water reclamation program that reduced water consumption in the […]
Power-One (Camarillo, CA) announced its new IMX35 Series of quad-output dc/dc converters. These converters are designed to provide high-power density and are...
ON Semiconductor (Phoenix, AZ) announced that it has accelerated its plans to consolidate its global manufacturing operations with the goal of trimming $100 million from its annual manufacturing expenditures. The company directed its efforts towards reducing the number of redundancies in its global manufacturing presence and streamlining its manufacturing processes. As part of this effort, […]
Ballard Power Systems Inc. (Canada) announced that it has received a $2.2 million order from Nissan Motor Co. (Japan) for Mark 900 Series fuel cell power modules and support services. "Nissan is continuing to use Ballard fuel cells as it develops fuel cell-powered propulsion technologies for its next generation of automobiles," commented Firoz Rasul, Ballard's […]
Delphi Automotive (Flint, MI) announced that their new absorbent glass mat (AGM) battery is to be featured in the 2001 Corvette program. In addition, General Motors Corp. (Detroit, MI) will also use Delphi's premium AGM battery technology on a selection of future vehicles. The AGM battery is gas-recombinant. Absorbent glass mat (AGM) separators trap the […]
Bolder Technologies Corp. (Golden, CO) reports that it believed it would seek bankruptcy protection in the near future while focusing on a sale of the company. Its stock was delisted from the Nasdaq on April 6, 2001.
Zapworld.Com (Sebastopol, CA) announced that Donner Corp. (Santa Ana, CA) has signed a purchase order for up to $50,000 in ZAP products. The purchase order for ZAP bicycles, scooters and other vehicles is for the new ZAPPYLAND store in Newport Beach, CA. A joint venture between Zapworld.Com and Donner, the new store is now open […]