STMicroelectronics Inc. (Dallas, TX) recently reported financial results for the fourth quarter and year ended December 31, 1999. Net revenues increased 30.5 percent to $1,478.2 million in the 1999 fourth quarter, up from $1,132.7 million in the year-ago period. This represents a sequential net-revenue increase of 16 percent in comparison to the 1999 third quarter. […]
Public Service Enterprise Group (PSEG, Newark, NJ) recently announced that consolidated operating earnings for the year 1999 were $723.0 million, or $3.29 per share of common stock compared to $644.0 million, or $2.79 per share, for the previous year. PSEG also reported that consolidated earnings for the fourth quarter of 1999 were $134.0 million, or […]
Applied Power Inc. (Butler, WI) recently announced plans to spin off its electronics business from its industrial business to create a pure global supplier in the electronic manufacturing services sector. The new company, to be called APW Ltd., will focus on the integrated electronics enclosures systems business and will be converted to a Bermuda corporation. […]
Tripp Lite (Chicago, IL) recently announced a line of surge suppressors designed to complement Apple Computer's iBook notebook computers, the iGuard. According to Tripp Lite, the ac utility power encountered in areas such as hotels, convention centers and public facilities may not be clean, reliable or safe for electronic equipment. The iGuard is designed to […]
American Superconductor Corp. (Westborough, MA) announced that it has filed a registration statement with the Securities and Exchange Commission to make an offering of shares of its common stock expected to generate net proceeds to the company of approximately $75.0 million.According to the company, proceeds from the offering will be used for a new plant […]
American Superconductor Corp. (Westborough, MA) recently announced it has received an order for two of its proprietary superconducting magnetic energy storage (SMES) units from Edison, the largest private utility in Italy. The company plans to install the units in the summer of 2000 for Edison at an STMicroelectronics chip manufacturing plant in Agrate, Italy. ST […]
MGE UPS Systems (Costa Mesa, CA) claims that it is the first manufacturer to offer power management software based on the new Microsoft Human Interface Device (HID) protocol that is slated to become the standard for any device interfaced with Windows 2000.The combination of HID and Universal Serial Bus (USB) available on MGE's latest generation […]
Pulizzi Engineering Inc. (Santa Ana, CA) recently released the TPC 2365/LT power-distribution system with auto voltage selection. The TPC 2365/LT is designed...
American Power Conversion (APC, West Kingston, RI) recently announced enhancements to its ProtectNet dataline surge-protection suite, the APC PDigiTel. According to APC,...
Dallas Semiconductor Corp. (Dallas, TX) recently announced record net sales of $392.4 million for the year ended January 2, 2000, up 15 percent compared to $342.6 million for the same period last year.According to Dallas Semiconductor, net income for 1999 was a record $68.3 million, or $2.21 per share, up 23 percent compared to $55.4 […]
Scientists at Motorola Labs (Schaumburg, IL) and Los Alamos National Laboratory (Los Alamos, NM) announced they have developed a new, miniature fuel cell. The energy density of these new fuel cells is claimed to be 10 times that of conventional rechargeable batteries.The fuel cells each measure about one inch square and less than one-tenth of […]
Electric Power Research Institute (EPRI, Palo Alto, CA) recently announced it will offer customized technical support services to both members and non-members of its research program through its subsidiary EPRIsolutions Inc. (Palo Alto, CA)."Technology holds the key to success in a more competitive electric power industry," says Kurt Yeager, president and CEO of EPRI. "Applying […]
Electric Fuel Corp. (New York) recently announced its Electric Vehicle Division has agreed to participate in a cooperative all-electric hybrid vehicle development and demonstration program in Germany. According to the company, the program will be implemented by a consortium comprising major German industrial firms, such as DaimlerChrysler AG and Varta Batterie AG. The German Post, […]
Electrosource Inc. (San Marcos, TX) recently announced it has received an order for 60,000 of its new, E-Power lightweight, intelligent battery from Worldstar Communications Corp. (Miami). The E-Power batteries will provide energy storage to power uninterruptible power supplies (UPSs) for Worldstar's global communications network."This 18 pound E-Power battery replaces batteries weighing up to 25 percent […]
Ericsson (Sweden) recently announced that it has agreed to sell its Energy Systems business to Emerson Electric Co. (St. Louis, MO). Under terms of the transaction, which is expected to close in the second quarter 2000, Emerson will pay approximately $725.0 million in cash.According to Ericsson, the Energy Systems business, which is headquartered in Stockholm, […]